TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) saw some unusual options trading on Friday. Traders acquired 15,016 call options on the stock. This is an increase of approximately 892% compared to the average volume of 1,513 call options.
TPG RE Finance Trust Price Performance
TPG RE Finance Trust stock traded up $0.03 during midday trading on Tuesday, reaching $7.06. 607,958 shares of the company were exchanged, compared to its average volume of 637,276. The firm's 50-day simple moving average is $8.20 and its 200-day simple moving average is $8.49. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81. The company has a market capitalization of $571.48 million, a price-to-earnings ratio of 9.41, a P/E/G ratio of 0.25 and a beta of 1.78. TPG RE Finance Trust has a 1 year low of $6.47 and a 1 year high of $9.66.
TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.18). The business had revenue of $34.74 million during the quarter, compared to analyst estimates of $27.98 million. TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. On average, analysts anticipate that TPG RE Finance Trust will post 0.99 EPS for the current year.
TPG RE Finance Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 13.61%. TPG RE Finance Trust's dividend payout ratio is presently 128.00%.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. decreased their price objective on shares of TPG RE Finance Trust from $9.50 to $8.50 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st.
Read Our Latest Research Report on TPG RE Finance Trust
Institutional Investors Weigh In On TPG RE Finance Trust
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC increased its holdings in TPG RE Finance Trust by 28.8% during the 3rd quarter. FMR LLC now owns 259,209 shares of the company's stock worth $2,211,000 after purchasing an additional 57,960 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of TPG RE Finance Trust by 94.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,932 shares of the company's stock valued at $1,330,000 after acquiring an additional 75,671 shares during the period. Quadrature Capital Ltd raised its position in TPG RE Finance Trust by 71.8% in the third quarter. Quadrature Capital Ltd now owns 19,955 shares of the company's stock worth $170,000 after acquiring an additional 8,343 shares in the last quarter. Jane Street Group LLC boosted its holdings in TPG RE Finance Trust by 29.2% during the third quarter. Jane Street Group LLC now owns 176,298 shares of the company's stock worth $1,504,000 after buying an additional 39,834 shares in the last quarter. Finally, Zacks Investment Management purchased a new position in TPG RE Finance Trust in the 3rd quarter worth about $94,000. 57.12% of the stock is currently owned by institutional investors and hedge funds.
About TPG RE Finance Trust
(
Get Free Report)
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.
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