TPG RE Finance Trust Inc (NYSE: TRTX) stock fell -1.72% on Monday to $5.73 against a previous-day closing price of $5.83. With 0.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.4 million shares. During the session, the REIT – Mortgage company that operates in wider Real Estate sector, reached to the highest price of $5.87 whereas the lowest price it dropped to was $5.73. The 52-week range on TRTX shows that it touched its highest point at $9.23 and its lowest point at $4.64 during that stretch. It currently has a 1-year price target of $6.40. With its current market cap of 445.39 million, TRTX has annualized dividend of $0.91 while the current yield stands at 15.92%. Beta for the stock currently stands at 1.98.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TRTX was up-trending over the past week, with a rise of 3.62%, but this was down by -3.05% over a month. Three-month performance dropped to -17.08% while six-month performance fell -2.05%. The stock lost -17.67% in the past year, while it has lost -15.61% so far this year. A look at the trailing 12-month EPS for TRTX yields -1.30 with Next year EPS estimates of 0.63. For the next quarter, that number is -0.01. This implies an EPS growth rate of -221.14% for this year and 140.64% for next year.
Float and Shares Shorts:
At present, 77.41 million TRTX shares are outstanding with a float of 61.73 million shares on hand for trading. On Oct 30, 2023, short shares totaled 1.01 million, which was 1.30% higher than short shares on Sep 28, 2023. In addition to Mr. Doug Bouquard as the firm’s CEO & Director, Mr. Matthew John Coleman Esq. serves as its President.
Institutional Ownership:
Through their ownership of 83.06% of TRTX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 45.46% of TRTX, in contrast to 36.72% held by mutual funds. Shares owned by individuals account for 22.71%. As the largest shareholder in TRTX with 9.12% of the stake, China Investment Corp. holds 7,087,208 shares worth 7,087,208. A second-largest stockholder of TRTX, The Vanguard Group, Inc., holds 5,892,044 shares, controlling over 7.58% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in TRTX, holding 4,899,589 shares or 6.30% stake. With a 9.31% stake in TRTX, the Caisse de dépôt et placement du Q is the largest stakeholder. A total of 7,239,043 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.34% of TRTX stock, is the second-largest Mutual Fund holder. It holds 1,817,114 shares valued at 10.01 million. Invesco KBW High Dividend Yield F holds 2.07% of the stake in TRTX, owning 1,611,138 shares worth 8.88 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TRTX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TRTX analysts setting a high price target of $9.00 and a low target of $5.00, the average target price over the next 12 months is $6.40. Based on these targets, TRTX could surge 57.07% to reach the target high and fall by -12.74% to reach the target low. Reaching the average price target will result in a growth of 11.69% from current levels.
Summary of Insider Activity:
Insiders traded TRTX stock several times over the past three months with 5 Buys and 0 Sells. In these transactions, 4,208 shares were bought while 0 shares were sold. The number of buy transactions has increased to 33 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 861,286 while 157,138 shares were sold.
