TPG RE Finance Trust (NYSE:TRTX) Director Michael Bradley Smith Purchases 5,000 Shares of Company Stock

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

TPG RE Finance Trust Price Performance

Shares of TRTX opened at $6.82 on Wednesday. The company has a market capitalization of $516.78 million, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.56 and a beta of 1.48. TPG RE Finance Trust, Inc. has a fifty-two week low of $5.60 and a fifty-two week high of $9.35. The company has a debt-to-equity ratio of 4.05, a current ratio of 246.28 and a quick ratio of 246.28. The business’s 50-day moving average is $6.74 and its 200-day moving average is $7.98.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings results on Monday, October 26th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.18). TPG RE Finance Trust had a return on equity of 5.21% and a net margin of 13.13%. The company had revenue of $35.92 million for the quarter, compared to analyst estimates of $37.10 million. Equities research 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 business also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, September 28th were given a $0.24 dividend. The ex-dividend date was Monday, September 28th. This represents a $0.96 dividend on an annualized basis and a yield of 14.1%. TPG RE Finance Trust’s dividend payout ratio is presently 246.15%.

Wall Street Analysts Forecast Growth

TRTX has been the topic of several research analyst reports. 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. JPMorgan Chase & Co. upped their price target on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Citigroup reiterated a “market outperform” rating on shares of TPG RE Finance Trust 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. Finally, Weiss Ratings cut TPG RE Finance Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Four investment 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. Based on data from MarketBeat.com, TPG RE Finance Trust has an average rating of “Hold” and an average price target of $9.33.

Hedge Funds Weigh In On TPG RE Finance Trust

Hedge funds have recently added to or reduced their stakes in the company. Quantinno Capital Management LP raised its holdings in shares of TPG RE Finance Trust by 30.0% during the 1st quarter. Quantinno Capital Management LP now owns 19,644 shares of the company’s stock valued at $153,000 after purchasing an additional 4,537 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of TPG RE Finance Trust by 644.0% in the 3rd quarter. Versant Capital Management Inc now owns 6,532 shares of the company’s stock valued at $41,000 after purchasing an additional 5,654 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in TPG RE Finance Trust by 154.8% in the third quarter. Nisa Investment Advisors LLC now owns 10,342 shares of the company’s stock worth $67,000 after purchasing an additional 6,283 shares in the last quarter. Signaturefd LLC boosted its holdings 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 purchasing an additional 7,549 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in TPG RE Finance Trust in the second quarter worth $70,000. 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.