TPG RE Finance Trust (NYSE:TRTX) Director Purchases $32,350.00 in Stock

Key Points

• Director Michael Bradley Smith bought 5,000 TPG RE Finance Trust shares at $6.47 each, spending $32,350 and increasing his stake by 4.75% to 110,223 shares. He also bought 5,000 shares in late October.
• TRTX recently reported quarterly EPS of $0.07, missing the $0.25 analyst consensus; revenue of $35.92 million also came in below estimates.
• Analysts’ consensus rating is Hold, with a $9.33 average price target. The company’s $0.24 quarterly dividend equates to a 14.8% annualized yield.

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) Director Michael Bradley Smith bought 5,000 shares of the firm's stock in a transaction dated Wednesday, November 11th. The shares were acquired at an average price of $6.47 per share, for a total transaction of $32,350.00. Following the acquisition, the director directly owned 110,223 shares of the company's stock, valued at approximately $713,142.81. The trade was a 4.75% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Michael Bradley Smith also recently made the following trade(s):

• On Friday, October 30th, Michael Bradley Smith purchased 5,000 shares of TPG RE Finance Trust stock. The stock was acquired at an average cost of $6.52 per share, with a total value of $32,600.00.

TPG RE Finance Trust Price Performance

NYSE TRTX traded up $0.06 on Friday, hitting $6.49. 1,087,627 shares of the company were exchanged, compared to its average volume of 895,490. The firm has a 50 day moving average of $6.61 and a two-hundred day moving average of $7.90. The company has a market cap of $492.21 million, a P/E ratio of 16.64, a P/E/G ratio of 1.51 and a beta of 1.48. 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, Inc. has a 1-year low of $5.60 and a 1-year high of $9.35.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $37.10 million. On average, equities analysts predict that TPG RE Finance Trust, Inc. will post 0.88 EPS for the current year.

TPG RE Finance Trust Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have issued reports on TRTX. JPMorgan Chase & Co. upped 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. Wells Fargo & Company lowered their target price on 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. UBS Group downgraded TPG RE Finance Trust to a "neutral" rating in a research report on Thursday, September 17th. Weiss Ratings lowered TPG RE Finance Trust from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, October 30th. Finally, Wall Street Zen upgraded TPG RE Finance Trust from a "sell" rating to a "hold" rating in a report on Saturday, October 17th. Four equities research 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 MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $9.33.

Hedge Funds Weigh In On TPG RE Finance Trust

Several large investors have recently bought and sold shares of TRTX. Versant Capital Management Inc grew its stake in shares of TPG RE Finance Trust by 644.0% during 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 period. Inscription Capital LLC acquired a new stake in shares of TPG RE Finance Trust in the 3rd quarter valued at approximately $63,000. Nisa Investment Advisors LLC boosted its stake 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 worth $67,000 after acquiring an additional 6,283 shares during the last quarter. Quantbot Technologies LP bought a new position in TPG RE Finance Trust during the 2nd quarter worth approximately $70,000. Finally, Signaturefd LLC grew its holdings in TPG RE Finance Trust by 197.6% during the third quarter. Signaturefd LLC now owns 11,369 shares of the company's stock valued at $71,000 after purchasing an additional 7,549 shares during the period. 57.12% of the stock is currently owned by institutional investors and hedge funds.

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.

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