In Friday’s Wall Street session, TPG RE Finance Trust Inc (NYSE:TRTX) shares traded at $8.68, up 0.93% from the previous session.
TRTX stock price is now 0.78% away from the 50-day moving average and 0.58% away from the 200-day moving average. The market capitalization of the company currently stands at $702.47M.
With the price target enhanced from $9 to $9.50, JP Morgan Upgraded its rating from Neutral to Overweight for TPG RE Finance Trust Inc (NYSE: TRTX)., while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, STARWOOD CAPITAL GROUP GLOBAL, 10% Owner sold 9,352,941 shares of the company’s stock on May 08 ’24. The stock was sold for $82,679,998 at an average price of $8.84. Upon completion of the transaction, the 10% Owner now directly owns 2,647,059 shares in the company, valued at $22.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 08 ’24, 10% Owner PE Holder, L.L.C. sold 9,352,941 shares of the business’s stock. A total of $82,679,998 was realized by selling the stock at an average price of $8.84. This leaves the insider owning 2,647,059 shares of the company worth $22.98 million. A total of 18.38% of the company’s stock is owned by insiders.
During the past 12 months, TPG RE Finance Trust Inc has had a low of $5.16 and a high of $9.61. The fifty day moving average price for TRTX is $8.6128 and a two-hundred day moving average price translates $8.6597 for the stock.
The latest earnings results from TPG RE Finance Trust Inc (NYSE: TRTX) was released for 2024-09-30. The net profit margin was 15.12% and return on equity was 6.01% for TRTX. The company reported revenue of $40.15 million for the quarter, compared to $27.02 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 48.6 percent.
