Key Points
- Director Michael Bradley Smith bought 5,000 shares at $6.47 each for $32,350, increasing his stake by 4.75% to 110,223 shares. He also bought 5,000 shares in late October.
- TPG RE Finance Trust reported quarterly EPS of $0.07, missing the $0.25 analyst consensus; revenue also came in below estimates at $35.92 million.
- The company’s quarterly dividend of $0.24 implies a 14.8% annualized yield, though its payout ratio is 246.15%. Analysts’ consensus rating is Hold, with an average price target of $9.33.
TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) Director Michael Gillmore bought 2,500 shares of the company's stock in a transaction that occurred on Thursday, November 12th. The stock was purchased at an average price of $6.50 per share, for a total transaction of $16,250.00. Following the acquisition, the director directly owned 5,000 shares in the company, valued at approximately $32,500. This trade represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Michael Gillmore also recently made the following trade(s):
- On Friday, October 30th, Michael Gillmore bought 2,000 shares of TPG RE Finance Trust stock. The shares were purchased at an average cost of $6.43 per share, with a total value of $12,860.00.
TPG RE Finance Trust Stock Performance
TPG RE Finance Trust stock traded up $0.06 on Friday, reaching $6.49. 1,087,627 shares of the stock were exchanged, compared to its average volume of 1,821,827. 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 twelve month low of $5.60 and a twelve month high of $9.35. The firm has a fifty day moving average price of $6.58 and a two-hundred day moving average price of $7.89. The stock has a market cap of $492.21 million, a PE ratio of 16.64, a PEG ratio of 1.46 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 (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.18). The business 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%. Sell-side analysts anticipate that TPG RE Finance Trust, Inc. will post 0.88 EPS for the current year.
TPG RE Finance Trust Announces Dividend
The firm also recently announced 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 was Monday, September 28th. This represents a $0.96 annualized dividend and a yield of 14.8%. TPG RE Finance Trust's dividend payout ratio is presently 246.15%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of TPG RE Finance Trust in the second quarter valued at about $54,386,000. Arrowstreet Capital Limited Partnership increased its stake in TPG RE Finance Trust by 60.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 929,566 shares of the company's stock valued at $7,260,000 after acquiring an additional 350,020 shares during the period. Van ECK Associates Corp increased its stake in TPG RE Finance Trust by 9.3% during the second quarter. Van ECK Associates Corp now owns 816,098 shares of the company's stock valued at $6,831,000 after acquiring an additional 69,463 shares during the period. Almitas Capital LLC bought a new position in TPG RE Finance Trust during the second quarter valued at about $3,036,000. Finally, Bank of America Corp DE bought a new stake in shares of TPG RE Finance Trust in the 2nd quarter worth approximately $2,265,000. Institutional investors and hedge funds own 57.12% of the company's stock.
Wall Street Analysts Forecast Growth
TRTX has been the topic of a number of research analyst reports. Wall Street Zen raised TPG RE Finance Trust from a "sell" rating to a "hold" rating in a report on Saturday, October 17th. UBS Group lowered TPG RE Finance Trust to a "neutral" rating in a report on Thursday, September 17th. Wells Fargo & Company reduced their price objective 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. Citigroup restated a "market outperform" rating on shares of TPG RE Finance Trust in a research note on Thursday, September 17th. Finally, Weiss Ratings lowered shares of TPG RE Finance Trust from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, October 30th. Four research 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $9.33.
Get Our Latest Analysis on TRTX
TPG RE Finance Trust Company Profile
(
Get Free Report)
TPG RE Finance Trust, Inc. is a commercial mortgage real estate investment trust that originates, acquires and manages commercial real estate debt investments. Its portfolio primarily consists of senior mortgage loans secured by commercial properties, along with other real estate-related debt instruments. The company focuses on institutional-quality properties in major U.S. markets, including select secondary markets. Its investments span property types such as office, multifamily, industrial, hotel and retail real estate.
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