In yesterday’s Wall Street session, TPG RE Finance Trust Inc. (NYSE:TRTX) shares traded at $8.40, down -3.00% from the previous session.
7 analysts cover TPG RE Finance Trust Inc. (NYSE:TRTX), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $11.00 and a low of $8.50, we find $9.00. Given the previous closing price of $8.66, this indicates a potential upside of 3.93 percent. TRTX stock price is now 4.03% away from the 50-day moving average and -2.30% away from the 200-day moving average. The market capitalization of the company currently stands at $625.21M.
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The stock has received a hold rating from 4 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $9.58 as their price target over the next twelve months.
, while ‘Raymond James’ rates the stock as ‘Strong Buy’.
In other news, Foley Robert, Chief Financial Officer bought 10,000 shares of the company’s stock on Nov 21. The stock was bought for $70,534 at an average price of $7.05. Upon completion of the transaction, the Chief Financial Officer now directly owns 153,158 shares in the company, valued at $1.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 16, See Remarks (3) Ginsberg Deborah J. bought 13,800 shares of the business’s stock. A total of $99,223 was incurred on buying the stock at an average price of $7.19. This leaves the insider owning 91,616 shares of the company worth $0.77 million. Insiders disposed of 28,549 shares of company stock worth roughly $0.24 million over the past 1 year. A total of 0.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TRTX stock. A new stake in TPG RE Finance Trust Inc. shares was purchased by NOMURA HOLDINGS INC during the first quarter worth $550,000. SQUAREPOINT OPS LLC invested $388,000 in shares of TRTX during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in TPG RE Finance Trust Inc. valued at approximately $61,000. PARALLEL ADVISORS, LLC acquired a new stake in TRTX for approximately $44,000. CLEAR STREET MARKETS LLC purchased a new stake in TRTX valued at around $30,000 in the second quarter. In total, there are 192 active investors with 85.70% ownership of the company’s stock.
On Thursday morning TPG RE Finance Trust Inc. (NYSE: TRTX) stock kicked off with the opening price of $8.67. During the past 12 months, TPG RE Finance Trust Inc. has had a low of $6.31 and a high of $12.13. The fifty day moving average price for TRTX is $8.07 and a two-hundred day moving average price translates $8.60 for the stock.
The latest earnings results from TPG RE Finance Trust Inc. (NYSE: TRTX) was released for Sep, 2022. According to the REIT – Mortgage Company, earnings per share came in at $0.19, missing analysts’ expectations of $0.25 by -0.06. This compares to $0.52 EPS in the same period last year. The net profit margin was -24.10% and return on equity was -5.30% for TRTX. The company reported revenue of $35.99 million for the quarter, compared to $38.52 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.57 percent. For the current quarter, analysts expect TRTX to generate $34.68M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/25/2023. Investors who held shares on 12/29/2022 were paid a $0.24 dividend. On an annualized basis, this represents a $0.96 dividend and a 11.43% percent yield. There was an ex-dividend date of 12/28/2022 for this dividend.
TPG RE Finance Trust Inc.(TRTX) 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 office, multifamily, life science, mixed-use, hospitality, industrial, and retail real estate sectors. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. TPG RE Finance Trust, Inc. was incorporated in 2014 and is based in New York, New York.
