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

TPG RE Finance Trust, Inc. (NYSE:TRTX) Director Michael Bradley Smith purchased 5,000 shares of the company’s stock in a transaction dated Friday, October 30th. The shares were acquired at an average price of $6.52 per share, for a total transaction of $32,600.00. Following the purchase, the director directly owned 105,223 shares in the company, valued at approximately $686,053.96. The trade was 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 accessible through this link.

TPG RE Finance Trust Stock Performance

Shares of NYSE:TRTX traded up $0.01 during midday trading on Tuesday, hitting $6.84. The company had a trading volume of 366,621 shares, compared to its average volume of 863,829. The company has a debt-to-equity ratio of 4.05, a current ratio of 246.28 and a quick ratio of 200.26. The company has a market cap of $519.06 million, a price-to-earnings ratio of 17.60, a PEG ratio of 1.48 and a beta of 1.47. TPG RE Finance Trust, Inc. has a 12-month low of $5.60 and a 12-month high of $9.35. The company has a fifty day moving average of $6.76 and a two-hundred day moving average of $7.99.

TPG RE Finance Trust (NYSE:TRTX) last released its earnings results on Monday, October 26th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.18). TPG RE Finance Trust had a net margin of 13.13% and a return on equity of 5.21%. The company had revenue of $35.92 million for the quarter, compared to analysts’ expectations of $37.10 million. On average, 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 disclosed a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, September 28th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 14.0%. The ex-dividend date of this dividend was Monday, September 28th. TPG RE Finance Trust’s payout ratio is presently 246.15%.

Institutional Investors Weigh In On TPG RE Finance Trust

A number of institutional investors have recently added to or reduced their stakes in TRTX. Versant Capital Management Inc increased its holdings in shares of TPG RE Finance Trust by 644.0% in the third quarter. Versant Capital Management Inc now owns 6,532 shares of the company’s stock worth $41,000 after purchasing an additional 5,654 shares during the last quarter. Inscription Capital LLC bought a new position in TPG RE Finance Trust during the third quarter valued at approximately $63,000. Nisa Investment Advisors LLC grew its holdings in TPG RE Finance Trust by 154.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 10,342 shares of the company’s stock valued at $67,000 after buying an additional 6,283 shares in the last quarter. Quantbot Technologies LP purchased a new position in TPG RE Finance Trust during the 2nd quarter valued at approximately $70,000. Finally, Signaturefd LLC grew its holdings in TPG RE Finance Trust by 197.6% during the 3rd quarter. Signaturefd LLC now owns 11,369 shares of the company’s stock valued at $71,000 after buying an additional 7,549 shares in the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on TRTX. JPMorgan Chase & Co. raised their target price 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. Wall Street Zen raised shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. Wells Fargo & Company reduced their price objective on shares of TPG RE Finance Trust from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Wednesday, October 28th. Citigroup restated a “market outperform” rating on shares of TPG RE Finance Trust in a research report on Thursday, September 17th. Finally, UBS Group cut shares of TPG RE Finance Trust to a “neutral” rating in a research note on Thursday, September 17th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, TPG RE Finance Trust currently has a consensus rating of “Hold” and a consensus target price 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.