TPG RE Finance Trust Inc (NYSE: TRTX) is 41.54% higher on its value in year-to-date trading and has touched a low of $5.12 and a high of $9.66 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TRTX stock was last observed hovering at around $9.18 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $9.20, the stock is 3.45% and 6.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.3 million and changing 0.22% at the moment leaves the stock 10.54% off its SMA200. TRTX registered 66.37% gain for a year compared to 6-month loss of 7.73%. The firm has a 50-day simple moving average (SMA 50) of $8.642 and a 200-day simple moving average (SMA200) of $8.3029.
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The stock witnessed a 10.58% gain in the last 1 month and extending the period to 3 months gives it a 1.10%, and is 5.26% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.20% over the week and 2.55% over the month.
Current P/E ratio is 13.32 and Fwd P/E is 8.47. Profit margin for the company is 15.12%. Distance from 52-week low is 79.69% and -4.76% from its 52-week high. The company has generated returns on investments over the last 12 months (1.84%).
The EPS is expected to grow by 132.65% this year
216.0 institutions hold shares in TPG RE Finance Trust Inc (TRTX), with institutional investors hold 98.18% of the company’s shares. The shares outstanding are 77.87M, and float is at 66.35M with Short Float at 2.89%. Institutions hold 86.71% of the Float.
The top institutional shareholder in the company is TPG GP A, LLC with over 7.09 million shares valued at $61.23 million. The investor’s holdings represent 9.1009 of the TRTX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.26 million shares valued at $45.48 million to account for 6.7597 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 4.67 million shares representing 5.9968 and valued at over $40.35 million, while NAN SHAN LIFE INSURANCE CO., LTD. holds 3.6645 of the shares totaling 2.85 million with a market value of $24.65 million.
TPG RE Finance Trust Inc (TRTX) Insider Activity
The most recent transaction is an insider sale by STARWOOD CAPITAL GROUP GLOBAL, the company’s 10% Owner. SEC filings show that STARWOOD CAPITAL GROUP GLOBAL sold 9,352,941 shares of the company’s common stock on May 08 ’24 at a price of $8.84 per share for a total of $82.68 million. Following the sale, the insider now owns 2.65 million shares.
TPG RE Finance Trust Inc disclosed in a document filed with the SEC on May 08 ’24 that PE Holder, L.L.C. (10% Owner) sold a total of 9,352,941 shares of the company’s common stock. The trade occurred on May 08 ’24 and was made at $8.84 per share for $82.68 million. Following the transaction, the insider now directly holds 2.65 million shares of the TRTX stock.