TPG RE Finance Trust (NYSE:TRTX) Director Purchases $32,600.00 in Stock

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

TPG RE Finance Trust Stock Down 3.1%

Shares of NYSE TRTX opened at $7.03 on Friday. The firm’s 50-day moving average price is $6.72 and its 200-day moving average price is $7.96. The company has a current ratio of 246.28, a quick ratio of 246.28 and a debt-to-equity ratio of 4.05. TPG RE Finance Trust, Inc. has a 12-month low of $5.60 and a 12-month high of $9.35. The stock has a market capitalization of $533.39 million, a price-to-earnings ratio of 18.04, a P/E/G ratio of 1.65 and a beta of 1.48.

TPG RE Finance Trust (NYSE:TRTX) last posted 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). TPG RE Finance Trust had a net margin of 13.13% and a return on equity of 5.21%. The company had revenue of $35.92 million during the quarter, compared to the consensus estimate of $37.10 million. On average, equities research analysts anticipate that TPG RE Finance Trust, Inc. will post 0.88 EPS for the current fiscal year.

TPG RE Finance Trust Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on TRTX shares. UBS Group downgraded shares of TPG RE Finance Trust to a “neutral” rating in a report on Thursday, September 17th. Wells Fargo & Company decreased their price objective on shares of TPG RE Finance Trust from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Wednesday, October 28th. Weiss Ratings downgraded shares of TPG RE Finance Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 30th. JPMorgan Chase & Co. boosted their target price 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. Finally, Wall Street Zen raised TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9.33.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TRTX. Bank of New York Mellon Corp acquired a new stake in shares of TPG RE Finance Trust during the second quarter worth about $1,768,000. Bank of America Corp DE purchased a new position in shares of TPG RE Finance Trust in the second quarter valued at approximately $2,265,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of TPG RE Finance Trust by 60.4% in the first 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 period. Almitas Capital LLC purchased a new position in shares of TPG RE Finance Trust in the second quarter valued at approximately $3,036,000. Finally, BlackRock Inc. acquired a new position in shares of TPG RE Finance Trust in the second quarter valued at approximately $54,386,000. Hedge funds and other institutional investors 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.