TPG RE Finance Trust (NYSE:TRTX) Director Michael Gillmore Buys 2,500 Shares of Stock

TPG RE Finance Trust, Inc. (NYSE:TRTX) Director Michael Gillmore purchased 2,500 shares of TPG RE Finance Trust stock in a transaction that occurred on Thursday, November 12th. The shares were bought at an average cost of $6.50 per share, with a total value of $16,250.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company’s stock, valued at approximately $32,500. The trade was a 100.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Michael Gillmore also recently made the following trade(s):

• On Friday, October 30th, Michael Gillmore purchased 2,000 shares of TPG RE Finance Trust stock. The stock was bought at an average price of $6.43 per share, with a total value of $12,860.00.

TPG RE Finance Trust Stock Up 0.9%

Shares of NYSE:TRTX traded up $0.06 during trading on Friday, hitting $6.49. 1,087,627 shares of the company were exchanged, compared to its average volume of 895,490. The stock has a market cap of $492.21 million, a price-to-earnings ratio of 16.64, a P/E/G ratio of 1.51 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 firm has a fifty day moving average price of $6.61 and a two-hundred day moving average price of $7.90. The company has a current ratio of 246.28, a quick ratio of 246.28 and a debt-to-equity ratio of 4.05.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings data on Monday, October 26th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.18). The company had revenue of $35.92 million for the quarter, compared to the consensus estimate of $37.10 million. TPG RE Finance Trust had a return on equity of 5.21% and a net margin of 13.13%. As a group, research analysts anticipate that TPG RE Finance Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, September 28th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 14.8%. The ex-dividend date of this dividend was Monday, September 28th. TPG RE Finance Trust’s dividend payout ratio is 246.15%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TRTX. BlackRock Inc. bought a new stake in TPG RE Finance Trust in the 2nd quarter valued at $54,386,000. Almitas Capital LLC bought a new position in TPG RE Finance Trust during the second quarter worth $3,036,000. Arrowstreet Capital Limited Partnership boosted its position in TPG RE Finance Trust by 60.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 929,566 shares of the company’s stock worth $7,260,000 after purchasing an additional 350,020 shares during the period. First Trust Advisors LP bought a new position in TPG RE Finance Trust during the third quarter worth $2,091,000. Finally, Bank of America Corp DE acquired a new position in shares of TPG RE Finance Trust in the second quarter valued at $2,265,000. 57.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on TRTX shares. JPMorgan Chase & Co. increased their price target on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Citigroup restated a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Thursday, September 17th. Wells Fargo & Company dropped 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 report on Wednesday, October 28th. Wall Street Zen upgraded shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. Finally, Weiss Ratings cut TPG RE Finance Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 30th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, TPG RE Finance Trust presently has a consensus rating of “Hold” and an average price target of $9.33.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc. is a commercial mortgage real estate investment trust that originates, acquires and manages commercial real estate debt investments. Its portfolio primarily consists of senior mortgage loans secured by commercial properties, along with other real estate-related debt instruments. The company focuses on institutional-quality properties in major U.S. markets, including select secondary markets. Its investments span property types such as office, multifamily, industrial, hotel and retail real estate.