Group Holdings (Sbs) Advis Tpg Buys 91,411 Shares of TPG RE Finance Trust Inc (NYSE:TRTX) Stock

TPG RE Finance Trust Inc (NYSE:TRTX) major shareholder Group Holdings (Sbs) Advis Tpg purchased 91,411 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were bought at an average cost of $8.99 per share, for a total transaction of $821,784.89. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Group Holdings (Sbs) Advis Tpg also recently made the following trade(s):

  • On Tuesday, September 8th, Group Holdings (Sbs) Advis Tpg purchased 91,411 shares of TPG RE Finance Trust stock. The shares were bought at an average cost of $8.96 per share, for a total transaction of $819,042.56.

TPG RE Finance Trust stock traded down $0.04 during midday trading on Thursday, reaching $8.90. The company had a trading volume of 453,743 shares, compared to its average volume of 1,248,635. The company has a debt-to-equity ratio of 2.89, a current ratio of 241.68 and a quick ratio of 241.68. The firm’s fifty day simple moving average is $8.78 and its 200-day simple moving average is $8.89. TPG RE Finance Trust Inc has a 12-month low of $2.45 and a 12-month high of $21.30. The company has a market capitalization of $678.53 million, a P/E ratio of -5.39 and a beta of 1.85.

TPG RE Finance Trust (NYSE:TRTX) last released its earnings results on Wednesday, July 29th. The company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.30. The business had revenue of $44.31 million for the quarter, compared to analyst estimates of $35.58 million. TPG RE Finance Trust had a negative net margin of 38.46% and a negative return on equity of 4.43%. On average, analysts expect that TPG RE Finance Trust Inc will post -1.32 EPS for the current fiscal year.

TRTX has been the topic of several analyst reports. ValuEngine downgraded TPG RE Finance Trust from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 3rd. Zacks Investment Research cut TPG RE Finance Trust from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Citigroup raised their target price on TPG RE Finance Trust from $6.00 to $7.50 and gave the company a “neutral” rating in a research report on Monday, July 20th. Raymond James restated a “buy” rating on shares of TPG RE Finance Trust in a research report on Thursday, August 6th. Finally, Wells Fargo & Company dropped their target price on TPG RE Finance Trust from $22.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $11.50.

Several hedge funds have recently added to or reduced their stakes in the company. TPG Group Holdings SBS Advisors Inc. raised its position in shares of TPG RE Finance Trust by 1.8% during the 1st quarter. TPG Group Holdings SBS Advisors Inc. now owns 6,621,485 shares of the company’s stock valued at $36,352,000 after buying an additional 116,318 shares during the period. Vanguard Group Inc. raised its position in shares of TPG RE Finance Trust by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 5,385,415 shares of the company’s stock valued at $46,314,000 after buying an additional 227,400 shares during the period. BlackRock Inc. raised its position in shares of TPG RE Finance Trust by 2.3% during the 1st quarter. BlackRock Inc. now owns 4,924,720 shares of the company’s stock valued at $27,036,000 after buying an additional 112,128 shares during the period. Prudential Financial Inc. raised its position in shares of TPG RE Finance Trust by 721.5% during the 2nd quarter. Prudential Financial Inc. now owns 2,007,791 shares of the company’s stock valued at $17,267,000 after buying an additional 1,763,376 shares during the period. Finally, State Street Corp raised its position in shares of TPG RE Finance Trust by 21.2% during the 1st quarter. State Street Corp now owns 1,501,852 shares of the company’s stock valued at $8,245,000 after buying an additional 262,240 shares during the period. 58.72% of the stock is currently owned by hedge funds and other 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 North America. It invests in commercial mortgage loans; and subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments secured by properties primarily in the office, mixed use, multifamily, industrial, retail, and hospitality real estate sectors.

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