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

TPG RE Finance Trust, Inc. (NYSE:TRTX) was the recipient of unusually large options trading on Thursday. Stock investors acquired 86,406 call options on the company. This represents an increase of 56,746% compared to the typical volume of 152 call options.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upgraded TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $9.00 to $9.50 in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $9.08.

TPG RE Finance Trust Stock Down 0.6 %

Shares of TRTX opened at $8.72 on Friday. The firm has a market cap of $705.69 million, a P/E ratio of 12.64, a PEG ratio of 0.25 and a beta of 2.17. TPG RE Finance Trust has a 12 month low of $5.12 and a 12 month high of $9.66. The stock’s 50 day moving average is $8.83 and its two-hundred day moving average is $8.73. The company has a current ratio of 152.83, a quick ratio of 152.83 and a debt-to-equity ratio of 2.03.

TPG RE Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, December 27th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 11.01%. The ex-dividend date of this dividend is Friday, December 27th. TPG RE Finance Trust’s dividend payout ratio is presently 139.13%.

Hedge Funds Weigh In On TPG RE Finance Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of TPG RE Finance Trust by 94.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,932 shares of the company’s stock worth $1,330,000 after purchasing an additional 75,671 shares during the last quarter. Summit Global Investments acquired a new position in shares of TPG RE Finance Trust during the third quarter valued at approximately $585,000. Kovitz Investment Group Partners LLC purchased a new position in shares of TPG RE Finance Trust in the third quarter valued at approximately $2,328,000. GSA Capital Partners LLP boosted its stake in shares of TPG RE Finance Trust by 882.6% in the third quarter. GSA Capital Partners LLP now owns 206,078 shares of the company’s stock worth $1,758,000 after acquiring an additional 185,105 shares during the last quarter. Finally, FMR LLC increased its position in shares of TPG RE Finance Trust by 28.8% during the third quarter. FMR LLC now owns 259,209 shares of the company’s stock worth $2,211,000 after purchasing an additional 57,960 shares in the last quarter. 57.12% of the stock is 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 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.