TPG RE Finance Trust (NYSE:TRTX) Sees Large Volume Increase – Here’s What Happened

TPG RE Finance Trust, Inc. (NYSE:TRTX) saw strong trading volume on Monday . 1,916,062 shares traded hands during mid-day trading, an increase of 211% from the previous session’s volume of 615,617 shares.The stock last traded at $9.02 and had previously closed at $8.88.

Analysts Set New Price Targets

Several research firms have weighed in on TRTX. JPMorgan Chase & Co. upgraded shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $9.00 to $9.50 in a research report on Thursday, October 17th. JMP Securities lifted their target price on TPG RE Finance Trust from $9.50 to $10.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.08.

TPG RE Finance Trust Trading Up 1.7 %

The stock has a market capitalization of $730.80 million, a P/E ratio of 13.09, a P/E/G ratio of 0.25 and a beta of 2.18. 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 stock’s 50 day moving average price is $8.64 and its 200-day moving average price is $8.68.

TPG RE Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, September 27th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, September 27th. This represents a $0.96 annualized dividend and a dividend yield of 10.63%. TPG RE Finance Trust’s payout ratio is currently 139.13%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TRTX. Quadrature Capital Ltd purchased a new position in TPG RE Finance Trust during the first quarter worth approximately $184,000. Price T Rowe Associates Inc. MD increased its stake in shares of TPG RE Finance Trust by 4.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 75,376 shares of the company’s stock worth $582,000 after purchasing an additional 3,217 shares in the last quarter. TCW Group Inc. lifted its stake in TPG RE Finance Trust by 4.8% in the 2nd quarter. TCW Group Inc. now owns 103,274 shares of the company’s stock valued at $892,000 after buying an additional 4,770 shares in the last quarter. Bailard Inc. acquired a new stake in TPG RE Finance Trust in the 2nd quarter worth about $102,000. Finally, Los Angeles Capital Management LLC increased its stake in TPG RE Finance Trust by 14.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 141,674 shares of the company’s stock worth $1,224,000 after buying an additional 18,337 shares in the last quarter. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

About TPG RE Finance Trust

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.