Insider Buying: TPG RE Finance Trust (NYSE:TRTX) Director Purchases $16,250.00 in Stock

Key Points

• Director Michael Gillmore bought 2,500 shares at $6.50 each, spending $16,250 and doubling his direct ownership to 5,000 shares. He had also purchased 2,000 shares in late October.
• TPG RE Finance Trust’s latest quarterly results missed expectations: earnings were $0.07 per share versus a $0.25 consensus, while revenue was $35.92 million versus estimates of $37.10 million.
• The stock carries a consensus “Hold” rating and an average price target of $9.33. Its $0.24 quarterly dividend equates to a 14.8% yield, though the payout ratio is high at 246.15%.

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) Director Michael Gillmore purchased 2,500 shares of TPG RE Finance Trust stock in a transaction dated Thursday, November 12th. The stock was bought at an average price of $6.50 per share, with a total value of $16,250.00. Following the acquisition, the director directly owned 5,000 shares of the company's stock, valued at approximately $32,500. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, October 30th, Michael Gillmore acquired 2,000 shares of TPG RE Finance Trust stock. The shares were bought at an average cost 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 midday trading on Friday, reaching $6.49. 1,087,627 shares of the company were exchanged, compared to its average volume of 895,490. 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 quick ratio of 246.28, a current ratio of 246.28 and a debt-to-equity ratio of 4.05. The stock has a fifty day simple moving average of $6.61 and a two-hundred day simple moving average of $7.90. The firm has a market cap of $492.21 million, a PE ratio of 16.64, a P/E/G ratio of 1.51 and a beta of 1.48.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last announced its earnings results on Monday, October 26th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.18). The company had revenue of $35.92 million during the quarter, compared to analyst estimates 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, sell-side analysts forecast that TPG RE Finance Trust, Inc. will post 0.88 earnings per share for the current year.

TPG RE Finance Trust Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently commented on TRTX. Wall Street Zen upgraded TPG RE Finance Trust from a "sell" rating to a "hold" rating in a report on Saturday, October 17th. JPMorgan Chase & Co. increased their price objective on TPG RE Finance Trust from $9.50 to $10.00 and gave the stock an "overweight" rating in a report on Friday, July 17th. Citigroup reissued a "market outperform" rating on shares of TPG RE Finance Trust in a research report on Thursday, September 17th. Weiss Ratings cut TPG RE Finance Trust from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, October 30th. Finally, UBS Group downgraded TPG RE Finance Trust to a "neutral" rating in a research report on Thursday, September 17th. 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 company's stock. Based on data from MarketBeat.com, TPG RE Finance Trust has a consensus rating of "Hold" and an average price target of $9.33.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TRTX. Russell Investments Group Ltd. increased its stake in TPG RE Finance Trust by 3.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 109,878 shares of the company's stock valued at $688,000 after buying an additional 3,939 shares during the last quarter. Quantinno Capital Management LP lifted its position in 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 worth $153,000 after buying an additional 4,537 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of TPG RE Finance Trust by 644.0% during the 3rd quarter. Versant Capital Management Inc now owns 6,532 shares of the company's stock worth $41,000 after buying an additional 5,654 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of 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 worth $67,000 after buying an additional 6,283 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of TPG RE Finance Trust by 197.6% during the 3rd quarter. Signaturefd LLC now owns 11,369 shares of the company's stock worth $71,000 after buying an additional 7,549 shares during the last quarter. Institutional investors own 57.12% of the company's stock.

TPG RE Finance Trust Company Profile

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.

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