TPG RE Finance Trust (NYSE:TRTX) Sees Large Volume Increase – Here’s Why

TPG RE Finance Trust, Inc. (NYSE:TRTX) shares saw strong trading volume on Monday . 1,916,062 shares were traded during trading, an increase of 211% from the previous session’s volume of 615,617 shares.The stock last traded at $9.02 and had previously closed at $8.88.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JMP Securities upped their target price on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. upgraded TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $9.00 to $9.50 in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.08.

TPG RE Finance Trust Stock Performance

The stock’s 50-day moving average price is $8.64 and its 200-day moving average price is $8.68. The company has a current ratio of 152.83, a quick ratio of 152.83 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $744.54 million, a P/E ratio of 13.43, a P/E/G ratio of 0.25 and a beta of 2.18.

TPG RE Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, September 27th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.96 dividend on an annualized basis and a yield of 10.43%. TPG RE Finance Trust’s dividend payout ratio is currently 139.13%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its holdings in shares of TPG RE Finance Trust by 112.5% in the 3rd quarter. Franklin Resources Inc. now owns 156,444 shares of the company’s stock worth $1,308,000 after acquiring an additional 82,817 shares during the period. Barclays PLC grew its position in TPG RE Finance Trust by 385.9% in the 3rd quarter. Barclays PLC now owns 172,718 shares of the company’s stock worth $1,472,000 after purchasing an additional 137,171 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in shares of TPG RE Finance Trust in the third quarter valued at approximately $58,000. Geode Capital Management LLC raised its holdings in shares of TPG RE Finance Trust by 6.5% during the third quarter. Geode Capital Management LLC now owns 1,456,883 shares of the company’s stock valued at $12,430,000 after buying an additional 88,592 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its position in shares of TPG RE Finance Trust by 215.0% during the third quarter. Y Intercept Hong Kong Ltd now owns 139,711 shares of the company’s stock worth $1,192,000 after buying an additional 95,354 shares during the period. Institutional investors and hedge funds own 57.12% of the company’s stock.

About TPG RE Finance Trust

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.