Insider Buying: TPG RE Finance Trust Inc (NYSE:TRTX) Major Shareholder Acquires 128,430 Shares of Stock

TPG RE Finance Trust Inc (NYSE:TRTX) major shareholder Group Holdings (Sbs) Advis Tpg purchased 128,430 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was bought at an average cost of $8.91 per share, for a total transaction of $1,144,311.30. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Group Holdings (Sbs) Advis Tpg also recently made the following trade(s):

  • On Friday, September 18th, Group Holdings (Sbs) Advis Tpg acquired 5,409 shares of TPG RE Finance Trust stock. The shares were bought at an average cost of $8.99 per share, with a total value of $48,626.91.
  • On Tuesday, September 15th, Group Holdings (Sbs) Advis Tpg bought 184,421 shares of TPG RE Finance Trust stock. The stock was bought at an average cost of $8.82 per share, for a total transaction of $1,626,593.22.
  • On Thursday, September 10th, Group Holdings (Sbs) Advis Tpg bought 91,411 shares of TPG RE Finance Trust stock. The shares were bought at an average price of $8.99 per share, for a total transaction of $821,784.89.
  • On Tuesday, September 8th, Group Holdings (Sbs) Advis Tpg purchased 91,411 shares of TPG RE Finance Trust stock. The stock was bought at an average cost of $8.96 per share, with a total value of $819,042.56.

TRTX stock traded down $0.33 during mid-day trading on Wednesday, hitting $8.35. 672,260 shares of the company were exchanged, compared to its average volume of 1,215,815. The company has a debt-to-equity ratio of 2.89, a quick ratio of 241.68 and a current ratio of 241.68. TPG RE Finance Trust Inc has a 1-year low of $2.45 and a 1-year high of $21.30. The firm’s 50 day simple moving average is $8.92 and its 200 day simple moving average is $8.23. The firm has a market cap of $640.91 million, a P/E ratio of -5.06 and a beta of 1.85.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.30. The company had revenue of $44.31 million during the quarter, compared to the consensus estimate of $35.58 million. TPG RE Finance Trust had a negative net margin of 38.46% and a negative return on equity of 4.43%. On average, equities research analysts predict that TPG RE Finance Trust Inc will post -1.47 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, September 25th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 9.58%. The ex-dividend date of this dividend is Thursday, September 24th. TPG RE Finance Trust’s dividend payout ratio is 45.45%.

Institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in TPG RE Finance Trust by 18.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 395,706 shares of the company’s stock worth $3,404,000 after acquiring an additional 62,870 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of TPG RE Finance Trust by 20.8% in the second quarter. California State Teachers Retirement System now owns 90,479 shares of the company’s stock valued at $778,000 after purchasing an additional 15,597 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of TPG RE Finance Trust by 51.2% in the second quarter. Cubist Systematic Strategies LLC now owns 74,600 shares of the company’s stock worth $642,000 after purchasing an additional 25,276 shares in the last quarter. Vanguard Group Inc. boosted its holdings in TPG RE Finance Trust by 4.4% during the second quarter. Vanguard Group Inc. now owns 5,385,415 shares of the company’s stock worth $46,314,000 after purchasing an additional 227,400 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its holdings in TPG RE Finance Trust by 50.1% during the second quarter. Advisor Group Holdings Inc. now owns 27,715 shares of the company’s stock worth $238,000 after purchasing an additional 9,249 shares during the last quarter. Institutional investors own 58.72% of the company’s stock.

TRTX has been the topic of a number of analyst reports. ValuEngine downgraded shares of TPG RE Finance Trust from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 3rd. Zacks Investment Research cut shares of TPG RE Finance Trust from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Raymond James reissued a “buy” rating on shares of TPG RE Finance Trust in a report on Thursday, August 6th. Finally, Citigroup raised their price objective on TPG RE Finance Trust from $6.00 to $7.50 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $11.50.

TPG RE Finance Trust Company Profile

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 North America. It invests in commercial mortgage loans; and subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments secured by properties primarily in the office, mixed use, multifamily, industrial, retail, and hospitality real estate sectors.

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Insider Buying and Selling by Quarter for TPG RE Finance Trust (NYSE:TRTX)

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