TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) was the recipient of unusually large options trading on Tuesday. Traders bought 44,063 call options on the company. This represents an increase of approximately 6,536% compared to the typical volume of 664 call options.
Institutional Trading of TPG RE Finance Trust
Several large investors have recently made changes to their positions in TRTX. CWM LLC raised its stake in shares of TPG RE Finance Trust by 473.7% in the 2nd quarter. CWM LLC now owns 3,517 shares of the company's stock valued at $27,000 after acquiring an additional 2,904 shares in the last quarter. Arlington Trust Co LLC bought a new position in shares of TPG RE Finance Trust in the 1st quarter valued at approximately $41,000. BNP Paribas Financial Markets raised its stake in shares of TPG RE Finance Trust by 86.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company's stock valued at $50,000 after acquiring an additional 3,013 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of TPG RE Finance Trust by 249.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company's stock valued at $53,000 after acquiring an additional 4,865 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in TPG RE Finance Trust by 24.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,998 shares of the company's stock valued at $54,000 after buying an additional 1,375 shares during the last quarter. Institutional investors own 57.12% of the company's stock.
TPG RE Finance Trust Stock Down 1.1%
NYSE:TRTX traded down $0.11 on Friday, hitting $9.24. 2,167,484 shares of the company's stock traded hands, compared to its average volume of 663,348. TPG RE Finance Trust has a 1 year low of $6.47 and a 1 year high of $9.85. The firm has a 50-day moving average price of $8.96 and a 200-day moving average price of $8.21. The company has a current ratio of 193.29, a quick ratio of 193.29 and a debt-to-equity ratio of 2.75. The company has a market cap of $725.78 million, a PE ratio of 14.21, a price-to-earnings-growth ratio of 2.51 and a beta of 1.68.
TPG RE Finance Trust declared that its board has authorized a share repurchase plan on Thursday, September 4th that allows the company to buyback $25.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 3.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.
TPG RE Finance Trust Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, September 26th will be paid a $0.24 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.96 dividend on an annualized basis and a yield of 10.4%. TPG RE Finance Trust's payout ratio is 147.69%.
Analyst Ratings Changes
Several analysts have commented on the company. Zacks Research upgraded TPG RE Finance Trust from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 26th. Citigroup cut TPG RE Finance Trust to a "market perform" rating in a report on Wednesday. Citizens Jmp cut TPG RE Finance Trust from an "outperform" rating to a "market perform" rating in a report on Wednesday. JMP Securities restated a "market perform" rating on shares of TPG RE Finance Trust in a report on Wednesday. Finally, Wells Fargo & Company lifted their price target on TPG RE Finance Trust from $9.00 to $11.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.50.
Check Out Our Latest Report on TPG RE Finance Trust
About TPG RE Finance Trust
(
Get Free Report)
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.
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