TPG RE Finance Trust (NYSE:TRTX) Director Purchases $12,860.00 in Stock

TPG RE Finance Trust, Inc. (NYSE:TRTX) Director Michael Gillmore bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The shares were purchased at an average cost of $6.43 per share, for a total transaction of $12,860.00. Following the acquisition, the director directly owned 2,500 shares in the company, valued at $16,075. This trade represents a 400.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

TPG RE Finance Trust Stock Performance

NYSE TRTX opened at $7.03 on Friday. TPG RE Finance Trust, Inc. has a 1 year low of $5.60 and a 1 year high of $9.35. The company has a debt-to-equity ratio of 4.05, a current ratio of 246.28 and a quick ratio of 246.28. The stock has a market capitalization of $533.39 million, a PE ratio of 18.04, a P/E/G ratio of 1.65 and a beta of 1.48. The company’s 50 day simple moving average is $6.72 and its two-hundred day simple moving average is $7.96.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings results on Monday, October 26th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.18). The firm had revenue of $35.92 million during the quarter, compared to the consensus estimate of $37.10 million. TPG RE Finance Trust had a net margin of 13.13% and a return on equity of 5.21%. Analysts predict that TPG RE Finance Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, September 28th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.96 annualized dividend and a yield of 13.6%. TPG RE Finance Trust’s dividend payout ratio (DPR) is currently 246.15%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wall Street Zen upgraded TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. Weiss Ratings downgraded TPG RE Finance Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 30th. Wells Fargo & Company dropped their price target on TPG RE Finance Trust from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Wednesday, October 28th. UBS Group lowered TPG RE Finance Trust to a “neutral” rating in a report on Thursday, September 17th. Finally, Citigroup restated a “market outperform” rating on shares of TPG RE Finance Trust in a research report on Thursday, September 17th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, TPG RE Finance Trust has an average rating of “Hold” and a consensus target price of $9.33.

Institutional Trading of TPG RE Finance Trust

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of TPG RE Finance Trust in the 2nd quarter worth about $54,386,000. Arrowstreet Capital Limited Partnership increased its position in shares of TPG RE Finance Trust by 60.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 929,566 shares of the company’s stock valued at $7,260,000 after purchasing an additional 350,020 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of TPG RE Finance Trust by 9.3% during the 2nd quarter. Van ECK Associates Corp now owns 816,098 shares of the company’s stock valued at $6,831,000 after buying an additional 69,463 shares in the last quarter. Almitas Capital LLC purchased a new position in shares of TPG RE Finance Trust during the 2nd quarter valued at about $3,036,000. Finally, Bank of America Corp DE purchased a new position in shares of TPG RE Finance Trust during the 2nd quarter valued at about $2,265,000. 57.12% of the stock is owned by institutional investors.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc is a commercial real estate finance company that operates as a real estate investment trust (REIT). The company originates, acquires and manages commercial mortgage loans secured primarily by properties in the United States.

Its portfolio is focused on transitional senior loans, which finance commercial properties undergoing lease-up, renovation, redevelopment or repositioning. These loans are generally secured by institutional-quality real estate across property types such as multifamily, office, hotel, industrial and retail.

TPG RE Finance Trust was formed in 2014 and completed its initial public offering in 2017.