TPG RE Finance Trust Target of Unusually Large Options Trading (NYSE:TRTX)

TPG RE Finance Trust, Inc. (NYSE:TRTX) saw unusually large options trading activity on Friday. Stock investors bought 15,016 call options on the stock. This represents an increase of approximately 892% compared to the average daily volume of 1,513 call options.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut 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 report on Tuesday, January 21st. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $9.40.

TPG RE Finance Trust Stock Performance

Shares of TRTX stock opened at $6.82 on Friday. The stock has a 50-day moving average of $8.23 and a 200-day moving average of $8.50. TPG RE Finance Trust has a one year low of $6.47 and a one year high of $9.66. The stock has a market cap of $552.04 million, a PE ratio of 9.09, a price-to-earnings-growth ratio of 0.25 and a beta of 1.78. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83.

TPG RE Finance Trust (NYSE:TRTX) last posted its earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.18). The firm had revenue of $34.74 million during the quarter, compared to analyst estimates of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. As a group, sell-side analysts expect that TPG RE Finance Trust will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.96 annualized dividend and a yield of 14.09%. TPG RE Finance Trust’s dividend payout ratio is presently 128.00%.

Institutional Investors Weigh In On TPG RE Finance Trust

Several large investors have recently modified their holdings of the business. New Age Alpha Advisors LLC bought a new position in shares of TPG RE Finance Trust during the 4th quarter valued at about $43,000. McIlrath & Eck LLC bought a new position in TPG RE Finance Trust in the third quarter valued at approximately $58,000. KLP Kapitalforvaltning AS bought a new position in TPG RE Finance Trust in the fourth quarter valued at approximately $75,000. Virtu Financial LLC acquired a new position in shares of TPG RE Finance Trust in the fourth quarter valued at approximately $85,000. Finally, Zacks Investment Management bought a new stake in shares of TPG RE Finance Trust during the third quarter worth $94,000. 57.12% of the stock is currently owned by institutional investors.

TPG RE Finance Trust 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 multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.