TPG RE Finance Trust (NYSE:TRTX) Sees Strong Trading Volume – Should You Buy?

TPG RE Finance Trust, Inc. (NYSE:TRTX) saw unusually-strong trading volume on Wednesday . Approximately 2,091,389 shares were traded during trading, an increase of 222% from the previous session’s volume of 649,226 shares.The stock last traded at $9.1250 and had previously closed at $9.04.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TRTX shares. Weiss Ratings reissued a “buy (b-)” rating on shares of TPG RE Finance Trust in a report on Monday. Citigroup cut TPG RE Finance Trust to a “market perform” rating in a research note on Wednesday, September 17th. JMP Securities restated a “market perform” rating on shares of TPG RE Finance Trust in a research note on Wednesday, September 17th. Zacks Research raised shares of TPG RE Finance Trust from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen raised TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.75.

TPG RE Finance Trust Stock Performance

The company has a current ratio of 166.64, a quick ratio of 166.64 and a debt-to-equity ratio of 2.61. The firm has a market capitalization of $716.08 million, a PE ratio of 14.08, a PEG ratio of 2.11 and a beta of 1.54. The stock’s 50 day moving average price is $8.92 and its two-hundred day moving average price is $8.71.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings data on Monday, June 6th. The company reported $0.27 earnings per share (EPS) for the quarter. TPG RE Finance Trust had a return on equity of 6.37% and a net margin of 20.46%.The business had revenue of $40.06 million for the quarter. On average, equities analysts expect that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, December 26th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend is Friday, December 26th. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 147.69%.

TPG RE Finance Trust announced that its Board of Directors has initiated a share repurchase program on Thursday, September 4th that allows the company to repurchase $25.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 3.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On TPG RE Finance Trust

Several hedge funds have recently modified their holdings of TRTX. State Board of Administration of Florida Retirement System lifted its stake in shares of TPG RE Finance Trust by 1.7% during the second quarter. State Board of Administration of Florida Retirement System now owns 65,791 shares of the company’s stock worth $508,000 after purchasing an additional 1,118 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of TPG RE Finance Trust by 8.9% during the 2nd quarter. ProShare Advisors LLC now owns 14,055 shares of the company’s stock valued at $109,000 after buying an additional 1,144 shares during the period. Ameritas Investment Partners Inc. lifted its position in TPG RE Finance Trust by 24.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,998 shares of the company’s stock worth $54,000 after acquiring an additional 1,375 shares in the last quarter. Van ECK Associates Corp boosted its holdings in TPG RE Finance Trust by 0.5% in the 3rd quarter. Van ECK Associates Corp now owns 530,776 shares of the company’s stock worth $4,543,000 after acquiring an additional 2,379 shares during the period. Finally, CWM LLC grew its position in TPG RE Finance Trust by 473.7% in the second quarter. CWM LLC now owns 3,517 shares of the company’s stock valued at $27,000 after acquiring an additional 2,904 shares in the last quarter. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.