TPG RE Finance Trust (NYSE:TRTX) Stock: Insider Michael Gillmore Buys 2,000 Shares

TPG RE Finance Trust, Inc. (NYSE:TRTX) Director Michael Gillmore acquired 2,000 shares of the firm’s stock in a transaction dated Friday, October 30th. The stock was bought at an average price of $6.43 per share, for a total transaction of $12,860.00. Following the acquisition, the director owned 2,500 shares of the company’s stock, valued at approximately $16,075. This trade represents a 400.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

TPG RE Finance Trust Trading Up 6.5%

Shares of TRTX stock opened at $7.25 on Thursday. The business has a 50-day moving average of $6.73 and a 200 day moving average of $7.97. The company has a debt-to-equity ratio of 4.05, a current ratio of 246.28 and a quick ratio of 246.28. TPG RE Finance Trust, Inc. has a 1-year low of $5.60 and a 1-year high of $9.35. The stock has a market capitalization of $550.15 million, a PE ratio of 18.60, a P/E/G ratio of 1.55 and a beta of 1.48.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings results 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). The firm had revenue of $35.92 million for the quarter, compared to analysts’ expectations of $37.10 million. TPG RE Finance Trust had a net margin of 13.13% and a return on equity of 5.21%. As a group, sell-side analysts anticipate that TPG RE Finance Trust, Inc. will post 0.88 earnings per share for the current year.

TPG RE Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, September 28th were issued a $0.24 dividend. The ex-dividend date was Monday, September 28th. This represents a $0.96 annualized dividend and a yield of 13.2%. TPG RE Finance Trust’s dividend payout ratio (DPR) is 246.15%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. UBS Group lowered TPG RE Finance Trust to a “neutral” rating in a research note on Thursday, September 17th. Wall Street Zen raised shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. Weiss Ratings lowered shares of TPG RE Finance Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 30th. JPMorgan Chase & Co. raised their target price on TPG RE Finance Trust from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Thursday, September 17th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.33.

Hedge Funds Weigh In On TPG RE Finance Trust

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new stake in shares of TPG RE Finance Trust in the second quarter worth approximately $1,768,000. Bank of America Corp DE bought a new position in shares of TPG RE Finance Trust during the 2nd quarter valued at $2,265,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of TPG RE Finance Trust by 60.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 929,566 shares of the company’s stock worth $7,260,000 after buying an additional 350,020 shares during the last quarter. Almitas Capital LLC bought a new position in TPG RE Finance Trust in the second quarter valued at about $3,036,000. Finally, BlackRock Inc. bought a new position in shares of TPG RE Finance Trust in the 2nd quarter worth approximately $54,386,000. Institutional investors own 57.12% of the company’s stock.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc is a commercial real estate finance company that operates as a real estate investment trust (REIT). The company originates, acquires and manages commercial mortgage loans secured primarily by properties in the United States.

Its portfolio is focused on transitional senior loans, which finance commercial properties undergoing lease-up, renovation, redevelopment or repositioning. These loans are generally secured by institutional-quality real estate across property types such as multifamily, office, hotel, industrial and retail.

TPG RE Finance Trust was formed in 2014 and completed its initial public offering in 2017.