TPG RE Finance Trust (NYSE:TRTX) Director Michael Gillmore Purchases 2,000 Shares of Company Stock

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

TPG RE Finance Trust Stock Performance

TPG RE Finance Trust stock opened at $6.82 on Wednesday. The firm has a market capitalization of $516.78 million, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.56 and a beta of 1.48. TPG RE Finance Trust, Inc. has a one year low of $5.60 and a one year high of $9.35. The stock’s 50 day moving average price is $6.74 and its 200 day moving average price is $7.98. The company has a debt-to-equity ratio of 4.05, a quick ratio of 246.28 and a current ratio of 246.28.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings data on Monday, October 26th. The company reported $0.07 earnings per share (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 analyst estimates of $37.10 million. TPG RE Finance Trust had a net margin of 13.13% and a return on equity of 5.21%. As a group, sell-side analysts expect that TPG RE Finance Trust, Inc. will post 0.88 EPS for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, September 28th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 14.1%. The ex-dividend date of this dividend was Monday, September 28th. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 246.15%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Saturday, October 17th. Citigroup restated a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Thursday, September 17th. JPMorgan Chase & Co. lifted their target price on TPG RE Finance Trust from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. UBS Group lowered TPG RE Finance Trust to a “neutral” rating in a research report on Thursday, September 17th. Finally, Weiss Ratings cut TPG RE Finance Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.33.

Institutional Trading of TPG RE Finance Trust

Hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc raised its holdings in TPG RE Finance Trust by 644.0% in the third quarter. Versant Capital Management Inc now owns 6,532 shares of the company’s stock valued at $41,000 after acquiring an additional 5,654 shares in the last quarter. Inscription Capital LLC acquired a new position in TPG RE Finance Trust during the 3rd quarter worth $63,000. Nisa Investment Advisors LLC grew its holdings in TPG RE Finance Trust by 154.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 10,342 shares of the company’s stock worth $67,000 after acquiring an additional 6,283 shares in the last quarter. Quantbot Technologies LP acquired a new position in TPG RE Finance Trust during the 2nd quarter worth $70,000. Finally, Signaturefd LLC increased its position in shares of TPG RE Finance Trust by 197.6% in the 3rd quarter. Signaturefd LLC now owns 11,369 shares of the company’s stock worth $71,000 after purchasing an additional 7,549 shares during the last quarter. Institutional investors and hedge funds own 57.12% of the company’s stock.

About TPG RE Finance Trust

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.