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.
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.
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.
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.