TPG RE Finance Trust (TRTX) Shares Gap Down to $20.42
TPG RE Finance Trust Inc (NYSE:TRTX)’s share price gapped down before the market opened on Friday . The stock had previously closed at $21.21, but opened at $20.42. TPG RE Finance Trust shares last traded at $19.85, with a volume of 3686442 shares changing hands.
Separately, Zacks Investment Research upgraded shares of TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $21.88.
The firm has a market capitalization of $1.34 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 2.26 and a beta of 0.31. The company has a debt-to-equity ratio of 2.35, a quick ratio of 95.39 and a current ratio of 95.39.
In other news, VP Peter A. Smith bought 2,000 shares of the business’s stock in a transaction on Monday, December 24th. The stock was purchased at an average price of $18.00 per share, with a total value of $36,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Greta Guggenheim bought 14,700 shares of the business’s stock in a transaction on Wednesday, December 26th. The shares were purchased at an average cost of $18.31 per share, with a total value of $269,157.00. The disclosure for this purchase can be found here. Insiders purchased 62,700 shares of company stock valued at $1,156,607 over the last quarter. 0.49% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Barclays PLC acquired a new position in shares of TPG RE Finance Trust during the fourth quarter valued at about $106,000. Legal & General Group Plc raised its position in shares of TPG RE Finance Trust by 10.4% during the third quarter. Legal & General Group Plc now owns 5,916 shares of the company’s stock valued at $119,000 after buying an additional 557 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of TPG RE Finance Trust by 389.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,397 shares of the company’s stock valued at $208,000 after buying an additional 9,068 shares during the last quarter. United Services Automobile Association acquired a new position in shares of TPG RE Finance Trust during the third quarter valued at about $224,000. Finally, Virginia Retirement Systems ET AL acquired a new position in shares of TPG RE Finance Trust during the third quarter valued at about $226,000. 45.23% of the stock is owned by hedge funds and other institutional investors.
About TPG RE Finance Trust (NYSE:TRTX)
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; and subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments secured by properties primarily in the office, mixed use, multifamily, industrial, retail, and hospitality real estate sectors.
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