TPG RE Finance Trust Inc (NYSE:TRTX) saw some unusual options trading activity on Thursday. Stock investors purchased 2,638 call options on the stock. This is an increase of approximately 1,591% compared to the typical volume of 156 call options.
TPG RE Finance Trust stock opened at $5.75 on Friday. The company has a market cap of $328.58 million, a PE ratio of 3.32 and a beta of 0.41. The company has a fifty day moving average price of $16.54 and a two-hundred day moving average price of $19.28. The company has a debt-to-equity ratio of 2.83, a current ratio of 343.93 and a quick ratio of 343.93. TPG RE Finance Trust has a 12 month low of $3.25 and a 12 month high of $21.30.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Monday, June 15th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 29.91%. The ex-dividend date of this dividend is Friday, June 12th. TPG RE Finance Trust’s dividend payout ratio is presently 97.73%.
In related news, VP Peter A. Smith purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was acquired at an average price of $5.63 per share, with a total value of $28,150.00. Following the completion of the transaction, the vice president now owns 120,207 shares of the company’s stock, valued at $676,765.41. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Peter A. Smith purchased 10,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were bought at an average cost of $11.51 per share, with a total value of $115,100.00. Following the transaction, the vice president now directly owns 115,207 shares of the company’s stock, valued at approximately $1,326,032.57. The disclosure for this purchase can be found here. Insiders acquired 15,500 shares of company stock valued at $145,755 in the last ninety days. 0.78% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in TRTX. Ieq Capital LLC acquired a new position in TPG RE Finance Trust in the fourth quarter worth $4,616,000. Evoke Wealth LLC bought a new stake in TPG RE Finance Trust in the third quarter valued at $39,791,000. UBS Group AG lifted its stake in TPG RE Finance Trust by 53.7% in the fourth quarter. UBS Group AG now owns 1,110,634 shares of the company’s stock valued at $22,513,000 after buying an additional 388,234 shares during the last quarter. Colony Capital Inc. bought a new stake in TPG RE Finance Trust in the fourth quarter valued at $3,953,000. Finally, Orinda Asset Management LLC bought a new stake in TPG RE Finance Trust in the fourth quarter valued at $3,345,000. 59.34% of the stock is owned by hedge funds and other institutional investors.
TRTX has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, January 31st. Citigroup decreased their price objective on shares of TPG RE Finance Trust from $21.00 to $4.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Compass Point assumed coverage on shares of TPG RE Finance Trust in a report on Monday, December 2nd. They issued a “buy” rating and a $21.50 price objective for the company.
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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