TPG RE Finance Trust (NYSE:TRTX) Shares Down 4.9%

TPG RE Finance Trust, Inc. (NYSE:TRTX)’s share price fell 4.9% during trading on Wednesday . The company traded as low as $8.29 and last traded at $8.43. 24,475 shares traded hands during trading, a decline of 96% from the average session volume of 609,200 shares. The stock had previously closed at $8.86.

Wall Street Analyst Weigh In

TRTX has been the subject of a number of analyst reports. BTIG Research reissued a “buy” rating and issued a $11.00 price target on shares of TPG RE Finance Trust in a report on Friday, July 19th. JPMorgan Chase & Co. boosted their price target on TPG RE Finance Trust from $7.00 to $7.50 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Raymond James downgraded TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 price target for the company. in a report on Friday, April 12th. Finally, Wells Fargo & Company boosted their price target on TPG RE Finance Trust from $7.00 to $9.00 and gave the company an “overweight” rating in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $8.58.

TPG RE Finance Trust Stock Down 1.4 %

The firm has a 50 day moving average price of $8.72 and a 200-day moving average price of $7.75. The company has a current ratio of 138.05, a quick ratio of 138.05 and a debt-to-equity ratio of 2.25. The firm has a market cap of $701.30 million, a PE ratio of -5.57 and a beta of 2.19.

TPG RE Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, June 27th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 10.98%. The ex-dividend date of this dividend was Thursday, June 27th. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently -61.15%.

Insider Transactions at TPG RE Finance Trust

In other TPG RE Finance Trust news, major shareholder Starwood Capital Group Global sold 9,352,941 shares of TPG RE Finance Trust stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $8.84, for a total transaction of $82,679,998.44. Following the transaction, the insider now owns 2,647,059 shares of the company’s stock, valued at $23,400,001.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. TFO Wealth Partners LLC boosted its stake in shares of TPG RE Finance Trust by 35,280.0% in the fourth quarter. TFO Wealth Partners LLC now owns 7,076 shares of the company’s stock valued at $46,000 after buying an additional 7,056 shares in the last quarter. Bailard Inc. purchased a new stake in TPG RE Finance Trust during the second quarter worth $102,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in TPG RE Finance Trust by 51.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,186 shares of the company’s stock worth $99,000 after purchasing an additional 5,128 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in TPG RE Finance Trust by 1,094.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,657 shares of the company’s stock worth $102,000 after purchasing an additional 14,346 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in TPG RE Finance Trust during the first quarter worth $184,000. Institutional investors and hedge funds own 57.12% of the company’s stock.

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 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.