Growing Through Challenges? – TPG RE Finance Trust Inc. (NYSE: TRTX)

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BlackRock Fund Advisors recently announced the acquisition of new stake in TPG RE Finance Trust Inc. (NYSE:TRTX). The institutional investor has increased its shareholding in the Real Estate company by 1.38% to 4.49 million shares with purchase of 61013.0 shares. This fresh investment now brings its stake to 5.86% valued currently at $38.62 million. In addition, Renaissance Technologies LLC raised its holdings by 0.5 million to 1.57 million shares. And SSgA Funds Management, Inc. has lifted its position by 21.16% or 0.26 million shares – to 1.5 million shares.

With over 0.83 million TPG RE Finance Trust Inc. (TRTX) shares trading Wednesday and a closing price of $8.31 on the day, the dollar volume was approximately $6.92 million. The shares have shown a positive weekly performance of 7.09% and its price on 07/15/20 gained nearly 8.34%. Currently, there are 76.47M common shares owned by the public and among those 59.82M shares have been available to trade.

Incidentally, analysts’ outlook for the TPG RE Finance Trust Inc. stock is 2.30 for the next 12 months.

Insiders at the company have transacted a total of 37 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 32 of these insider trades were purchases, accounting for 1,387,875 shares. Insider sales of the common stock occurred on 5 occasions, with total insider shares sold totaling 862,440 shares.

The top 3 mutual fund holders in TPG RE Finance Trust Inc. are Caisse de Dépôt & Placement du Qu, Vanguard Small Cap Index Fund, and Vanguard Total Stock Market Index. Caisse de Dépôt & Placement du Qu owns 7.24 million shares of the company’s stock, all valued at over $62.23 million. The company sold 329.0 shares recently to bring their total holdings to about 9.44% of the shares outstanding. Vanguard Small Cap Index Fund sold 33824.0 shares to see its total holdings shrink to 1.54 million shares valued at over $13.2 million and representing 2.00% of the shares outstanding. Vanguard Total Stock Market Index now owns shares totaling to 1.78% of the shares outstanding.

Shares of TPG RE Finance Trust Inc. (NYSE: TRTX) opened at $7.88, up $0.21 from a prior closing price of $7.67. However, the script later closed the day at $8.31, up 8.34%. The company’s stock has a 5-day price change of 7.09% and 30.66% over the past three months. TRTX shares are trading -59.00% year to date (YTD), with the 12-month market performance down to -57.90% lower. It has a 12-month low price of $2.45 and touched a high of $21.30 over the same period. Currently, 0.83 million shares have been traded, compared to an average intraday trading volume of 1.54 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.04%, 4.38%, and -43.20% respectively.

Institutional ownership of TPG RE Finance Trust Inc. (NYSE: TRTX) shares accounts for 88.00% of the company’s 76.47M shares outstanding. Mutual fund holders own 36.46%, while other institutional holders and individual stakeholders account for 44.51% and 26.74% respectively.

It has a market capitalization of $607.29M. The earnings-per-share (ttm) stands at -$1.73. The company has a debt-to-equity ratio at 3.68. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.31% over the week and 6.20% over the month.

Analysts forecast that TPG RE Finance Trust Inc. (TRTX) will achieve an EPS of $0.31 for the current quarter, $0.28 for the next quarter and $1.05 for 2021. The lowest estimate earnings-per-share for the quarter is $0.23 while analysts give the company a high EPS estimate of $0.52. Comparatively, EPS for the current quarter was $0.43 a year ago. Earnings per share for the fiscal year are expected to increase by 1.80%, and 190.50% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate TPG RE Finance Trust Inc. (TRTX) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 2 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the TRTX, a number of firms have released research notes about the stock. Compass Point stated their Buy rating for the stock in a research note on December 02, 2019, with the firm’s price target at.

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