TPG RE Finance Trust (NYSE:TRTX) Stock: Insider Michael Bradley Smith Acquires 5,000 Shares

by · The Markets Daily

TPG RE Finance Trust, Inc. (NYSE:TRTX – Get Free Report) Director Michael Bradley Smith bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The shares were purchased at an average cost of $6.52 per share, with a total value of $32,600.00. Following the purchase, the director directly owned 105,223 shares of the company’s stock, valued at approximately $686,053.96. This represents a 4.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

TPG RE Finance Trust Price Performance

Shares of TPG RE Finance Trust stock opened at $7.25 on Thursday. The company has a current ratio of 246.28, a quick ratio of 246.28 and a debt-to-equity ratio of 4.05. The company’s 50-day moving average price is $6.73 and its two-hundred day moving average price is $7.97. TPG RE Finance Trust, Inc. has a 52 week low of $5.60 and a 52 week high of $9.35. The stock has a market cap of $550.15 million, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.55 and a beta of 1.48.

TPG RE Finance Trust (NYSE:TRTX – Get Free Report) last issued its quarterly earnings results on Monday, October 26th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.18). TPG RE Finance Trust had a net margin of 13.13% and a return on equity of 5.21%. The business had revenue of $35.92 million during the quarter, compared to analyst estimates of $37.10 million. As a group, sell-side analysts anticipate that TPG RE Finance Trust, Inc. will post 0.88 EPS for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, September 28th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date was Monday, September 28th. TPG RE Finance Trust’s payout ratio is presently 246.15%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings cut shares of TPG RE Finance Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 30th. UBS Group cut TPG RE Finance Trust to a “neutral” rating in a report on Thursday, September 17th. JPMorgan Chase & Co. increased their price objective on TPG RE Finance Trust from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Citigroup reissued a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Thursday, September 17th. Finally, Wells Fargo & Company decreased 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. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.33.

Get Our Latest Stock Report on TRTX

Institutional Investors Weigh In On TPG RE Finance Trust

A number of large investors have recently made changes to their positions in TRTX. Quantinno Capital Management LP lifted its holdings in shares of TPG RE Finance Trust by 30.0% in the first quarter. Quantinno Capital Management LP now owns 19,644 shares of the company’s stock valued at $153,000 after purchasing an additional 4,537 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of TPG RE Finance Trust by 644.0% during the third quarter. Versant Capital Management Inc now owns 6,532 shares of the company’s stock valued at $41,000 after buying an additional 5,654 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of TPG RE Finance Trust by 154.8% during the third quarter. Nisa Investment Advisors LLC now owns 10,342 shares of the company’s stock valued at $67,000 after buying an additional 6,283 shares in the last quarter. Signaturefd LLC grew its holdings in shares of TPG RE Finance Trust by 197.6% during the third quarter. Signaturefd LLC now owns 11,369 shares of the company’s stock valued at $71,000 after buying an additional 7,549 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in TPG RE Finance Trust during the second quarter valued at $70,000. Institutional investors and hedge funds own 57.12% of the company’s stock.

TPG RE Finance Trust Company Profile

(Get Free Report)

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.

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