TPG RE Finance Trust (NYSE:TRTX) Sees Large Volume Increase – Still a Buy?

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) saw unusually-strong trading volume on Wednesday . Approximately 2,091,389 shares were traded during mid-day 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 Analyst Weigh In

Several research analysts recently issued reports on the company. JMP Securities reaffirmed a “market perform” rating on shares of TPG RE Finance Trust in a research report on Wednesday, September 17th. Zacks Research raised TPG RE Finance Trust from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Citizens Jmp lowered TPG RE Finance Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 17th. Citigroup cut TPG RE Finance Trust to a “market perform” rating in a report on Wednesday, September 17th. Finally, Wall Street Zen upgraded shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, TPG RE Finance Trust presently has an average rating of “Moderate Buy” and a consensus target price of $10.75.

TPG RE Finance Trust Trading Up 1.1%

The business has a 50 day moving average of $8.89 and a two-hundred day moving average of $8.70. The firm has a market capitalization of $714.91 million, a price-to-earnings ratio of 14.05, a P/E/G ratio of 2.10 and a beta of 1.54. The company has a debt-to-equity ratio of 2.61, a quick ratio of 166.64 and a current ratio of 166.64.

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

TPG RE Finance Trust Dividend Announcement

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

TPG RE Finance Trust declared that its board has authorized a share repurchase plan on Thursday, September 4th that allows the company to repurchase $25.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On TPG RE Finance Trust

Several hedge funds and other institutional investors have recently made changes to their positions in TRTX. CWM LLC lifted its position in TPG RE Finance Trust by 473.7% in the 2nd 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. BNP Paribas Financial Markets lifted its holdings in shares of TPG RE Finance Trust by 86.6% in the second quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock valued at $50,000 after purchasing an additional 3,013 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of TPG RE Finance Trust by 2,454.1% in the third quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock valued at $51,000 after purchasing an additional 5,718 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of TPG RE Finance Trust by 249.1% during the second quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock valued at $53,000 after buying an additional 4,865 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in TPG RE Finance Trust by 24.5% during the second quarter. Ameritas Investment Partners Inc. now owns 6,998 shares of the company’s stock worth $54,000 after buying an additional 1,375 shares in the last quarter. 57.12% of the stock is owned by institutional investors.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc, a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.