Traders Purchase High Volume of TPG RE Finance Trust Call Options (NYSE:TRTX)

TPG RE Finance Trust, Inc. (NYSE:TRTX) was the recipient of some unusual options trading on Friday. Stock investors purchased 15,016 call options on the stock. This represents an increase of 892% compared to the typical daily volume of 1,513 call options.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut their price target on TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, TPG RE Finance Trust currently has a consensus rating of “Buy” and an average target price of $9.40.

Institutional Trading of TPG RE Finance Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of TRTX. Long Pond Capital LP boosted its holdings in TPG RE Finance Trust by 117.1% in the 4th quarter. Long Pond Capital LP now owns 7,303,626 shares of the company’s stock valued at $62,081,000 after purchasing an additional 3,938,800 shares during the period. Wellington Management Group LLP bought a new stake in TPG RE Finance Trust during the fourth quarter valued at $5,983,000. Van ECK Associates Corp purchased a new position in TPG RE Finance Trust during the fourth quarter worth about $5,588,000. Solel Partners LP bought a new position in TPG RE Finance Trust in the 4th quarter worth about $5,097,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in TPG RE Finance Trust by 90.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,019,924 shares of the company’s stock worth $8,669,000 after acquiring an additional 485,690 shares during the last quarter. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Performance

TRTX stock traded down $0.29 during midday trading on Friday, reaching $6.62. 329,109 shares of the company’s stock traded hands, compared to its average volume of 631,255. The firm has a market capitalization of $535.84 million, a PE ratio of 8.82, a price-to-earnings-growth ratio of 0.25 and a beta of 1.78. The company has a 50-day moving average price of $8.26 and a two-hundred day moving average price of $8.51. TPG RE Finance Trust has a 52 week low of $6.47 and a 52 week high of $9.66. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. The company had revenue of $34.74 million for the quarter, compared to the consensus estimate of $27.98 million. As a group, equities analysts anticipate that TPG RE Finance Trust will post 0.99 EPS for the current year.

TPG RE Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 14.51%. TPG RE Finance Trust’s dividend payout ratio (DPR) is currently 128.00%.

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.