Insider Buying: TPG RE Finance Trust (NYSE:TRTX) Director Purchases $12,860.00 in Stock

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

TPG RE Finance Trust Price Performance

NYSE TRTX traded up $0.01 on Tuesday, hitting $6.84. The stock had a trading volume of 366,621 shares, compared to its average volume of 863,829. The firm has a 50-day moving average of $6.76 and a 200-day moving average of $7.99. The company has a debt-to-equity ratio of 4.05, a quick ratio of 200.26 and a current ratio of 246.28. TPG RE Finance Trust, Inc. has a 52-week low of $5.60 and a 52-week high of $9.35. The company has a market capitalization of $519.06 million, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 1.48 and a beta of 1.47.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings results on Monday, October 26th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.18). The firm had revenue of $35.92 million for the quarter, compared to analysts’ expectations of $37.10 million. TPG RE Finance Trust had a net margin of 13.13% and a return on equity of 5.21%. Equities analysts expect 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 disclosed 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 of this dividend was Monday, September 28th. This represents a $0.96 annualized dividend and a yield of 14.0%. TPG RE Finance Trust’s dividend payout ratio (DPR) is currently 246.15%.

Hedge Funds Weigh In On TPG RE Finance Trust

Several institutional investors have recently modified their holdings of the company. Inscription Capital LLC purchased a new position in shares of TPG RE Finance Trust during the 3rd quarter valued at about $63,000. State of Wyoming boosted its stake in TPG RE Finance Trust by 42.4% in the third quarter. State of Wyoming now owns 35,884 shares of the company’s stock worth $225,000 after buying an additional 10,681 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in TPG RE Finance Trust by 14.9% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 146,300 shares of the company’s stock worth $916,000 after buying an additional 19,000 shares in the last quarter. Signaturefd LLC boosted its stake in TPG RE Finance Trust by 197.6% in the third quarter. Signaturefd LLC now owns 11,369 shares of the company’s stock worth $71,000 after buying an additional 7,549 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in 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 acquiring an additional 6,283 shares during the last quarter. 57.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TRTX shares. Weiss Ratings lowered TPG RE Finance Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. UBS Group downgraded TPG RE Finance Trust to a “neutral” rating in a research report on Thursday, September 17th. JPMorgan Chase & Co. boosted their price objective on TPG RE Finance Trust from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Wall Street Zen upgraded shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research report on Saturday, October 17th. Finally, Wells Fargo & Company lowered their target price on shares of TPG RE Finance Trust from $9.00 to $8.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 28th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $9.33.

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.