Stock Traders Buy High Volume of Call Options on TPG RE Finance Trust (NYSE:TRTX)

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) was the recipient of some unusual options trading activity on Thursday. Stock traders acquired 86,406 call options on the stock. This represents an increase of approximately 56,746% compared to the typical volume of 152 call options.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upgraded TPG RE Finance Trust from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $9.00 to $9.50 in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $9.08.

Institutional Investors Weigh In On TPG RE Finance Trust

A number of large investors have recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in TPG RE Finance Trust in the second quarter valued at about $27,000. McIlrath & Eck LLC bought a new stake in shares of TPG RE Finance Trust during the 3rd quarter worth $58,000. Quarry LP grew its stake in TPG RE Finance Trust by 1,731.6% in the 2nd quarter. Quarry LP now owns 7,363 shares of the company's stock valued at $64,000 after buying an additional 6,961 shares during the last quarter. Zacks Investment Management bought a new stake in TPG RE Finance Trust during the third quarter valued at about $94,000. Finally, Mackenzie Financial Corp bought a new stake in TPG RE Finance Trust during the 2nd quarter valued at approximately $95,000. Institutional investors and hedge funds own 57.12% of the company's stock.

TPG RE Finance Trust Price Performance

TRTX traded down $0.05 during trading on Thursday, reaching $8.72. The stock had a trading volume of 603,058 shares, compared to its average volume of 618,656. The company has a quick ratio of 152.83, a current ratio of 152.83 and a debt-to-equity ratio of 2.03. The firm has a market capitalization of $705.69 million, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 0.25 and a beta of 2.17. TPG RE Finance Trust has a 1-year low of $5.12 and a 1-year high of $9.66. The stock has a 50 day moving average of $8.83 and a two-hundred day moving average of $8.73.

TPG RE Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, December 27th will be paid a $0.24 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.96 dividend on an annualized basis and a yield of 11.01%. TPG RE Finance Trust's dividend payout ratio is currently 139.13%.

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.