TPG RE Finance Trust (NYSE:TRTX) Stock Price Breaks Below 50 Day Moving Average – Here’s What Happened

TPG RE Finance Trust, Inc. (NYSE:TRTX) shares crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $6.65 and traded as low as $6.54. TPG RE Finance Trust shares last traded at $6.5560, with a volume of 1,286,544 shares trading hands.

Analyst Upgrades and Downgrades

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

TPG RE Finance Trust Stock Down 3.2%

The company has a current ratio of 246.28, a quick ratio of 246.28 and a debt-to-equity ratio of 4.05. The business has a 50-day moving average price of $6.61 and a 200-day moving average price of $7.90. The firm has a market cap of $487.28 million, a P/E ratio of 16.48, a P/E/G ratio of 1.51 and a beta of 1.48.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings data 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). TPG RE Finance Trust had a net margin of 13.13% and a return on equity of 5.21%. The firm had revenue of $35.92 million during the quarter, compared to the consensus estimate of $37.10 million. On average, equities analysts forecast that TPG RE Finance Trust, Inc. will post 0.88 EPS for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Stockholders 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 dividend yield of 14.9%. TPG RE Finance Trust’s payout ratio is currently 246.15%.

Insider Buying and Selling at TPG RE Finance Trust

In other TPG RE Finance Trust news, Director Michael Bradley Smith acquired 5,000 shares of the company’s stock in a transaction dated Friday, October 30th. The shares were purchased at an average cost of $6.52 per share, for a total transaction of $32,600.00. Following the completion of the purchase, the director owned 105,223 shares in the company, valued at approximately $686,053.96. This trade represents a 4.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 3.00% of the company’s stock.

Institutional Trading of TPG RE Finance Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in TPG RE Finance Trust during the second quarter valued at about $54,386,000. Arrowstreet Capital Limited Partnership boosted its holdings 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 valued at $7,260,000 after buying an additional 350,020 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of TPG RE Finance Trust by 9.3% in the 2nd quarter. Van ECK Associates Corp now owns 816,098 shares of the company’s stock valued at $6,831,000 after buying an additional 69,463 shares in the last quarter. Almitas Capital LLC purchased a new position in shares of TPG RE Finance Trust in the 2nd quarter worth approximately $3,036,000. Finally, First Trust Advisors LP purchased a new position in shares of TPG RE Finance Trust in the 3rd quarter worth approximately $2,091,000. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc. is a commercial mortgage real estate investment trust that originates, acquires and manages commercial real estate debt investments. Its portfolio primarily consists of senior mortgage loans secured by commercial properties, along with other real estate-related debt instruments. The company focuses on institutional-quality properties in major U.S. markets, including select secondary markets. Its investments span property types such as office, multifamily, industrial, hotel and retail real estate.