Investors Purchase Large Volume of Call Options on TPG RE Finance Trust (NYSE:TRTX)

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) was the target of some unusual options trading on Friday. Investors bought 15,016 call options on the company. This is an increase of approximately 892% compared to the average daily volume of 1,513 call options.

Institutional Trading of TPG RE Finance Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the business. New Age Alpha Advisors LLC acquired a new position in shares of TPG RE Finance Trust in the fourth quarter valued at approximately $43,000. McIlrath & Eck LLC purchased a new position in TPG RE Finance Trust in the 3rd quarter valued at approximately $58,000. KLP Kapitalforvaltning AS acquired a new position in shares of TPG RE Finance Trust in the fourth quarter worth $75,000. Virtu Financial LLC acquired a new position in shares of TPG RE Finance Trust in the fourth quarter worth $85,000. Finally, Zacks Investment Management purchased a new stake in shares of TPG RE Finance Trust during the third quarter worth $94,000. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

TPG RE Finance Trust Trading Down 0.4 %

NYSE TRTX traded down $0.03 during trading hours on Wednesday, reaching $7.03. The company had a trading volume of 284,699 shares, compared to its average volume of 636,308. TPG RE Finance Trust has a 1-year low of $6.47 and a 1-year high of $9.66. The stock has a market capitalization of $569.46 million, a P/E ratio of 9.37, a price-to-earnings-growth ratio of 0.25 and a beta of 1.78. The stock has a 50-day moving average of $8.16 and a 200 day moving average of $8.48. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.18). The company had revenue of $34.74 million for the quarter, compared to analysts' expectations of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. As a group, research analysts anticipate that TPG RE Finance Trust will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 13.66%. The ex-dividend date is Friday, March 28th. TPG RE Finance Trust's payout ratio is 128.00%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price target on TPG RE Finance Trust from $8.50 to $7.00 and set an "overweight" rating for the company in a research report on Wednesday.

About TPG RE Finance Trust

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; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.