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

TPG RE Finance Trust, Inc. (NYSE:TRTX) was the target of unusually large options trading on Friday. Traders purchased 15,016 call options on the company. This represents an increase of 892% compared to the average daily volume of 1,513 call options.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. New Age Alpha Advisors LLC bought a new stake in shares of TPG RE Finance Trust in the 4th quarter valued at about $43,000. McIlrath & Eck LLC acquired a new position in TPG RE Finance Trust during the third quarter worth approximately $58,000. KLP Kapitalforvaltning AS acquired a new position in TPG RE Finance Trust during the fourth quarter worth approximately $75,000. Virtu Financial LLC bought a new stake in TPG RE Finance Trust in the fourth quarter valued at approximately $85,000. Finally, Zacks Investment Management acquired a new stake in shares of TPG RE Finance Trust in the third quarter valued at approximately $94,000. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Performance

TRTX opened at $6.82 on Friday. The business’s 50-day simple moving average is $8.23 and its 200 day simple moving average is $8.50. 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. The firm has a market capitalization of $552.04 million, a PE ratio of 9.09, a PEG ratio of 0.25 and a beta of 1.78.

TPG RE Finance Trust (NYSE:TRTX) last announced 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 return on equity of 7.57% and a net margin of 21.79%. The company had revenue of $34.74 million for the quarter, compared to the consensus estimate of $27.98 million. As a group, sell-side analysts expect that TPG RE Finance Trust will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Announces Dividend

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