TPG RE Finance Trust Inc’s Market Journey: Closing Strong at 8.97, Up 1.24

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The closing price of TPG RE Finance Trust Inc (NYSE: TRTX) was $8.97 for the day, up 1.24% from the previous closing price of $8.86. In other words, the price has increased by $1.24 from its previous closing price. On the day, 0.73 million shares were traded. TRTX stock price reached its highest trading level at $9.045 during the session, while it also had its lowest trading level at $8.84.

Ratios:

Our analysis of TRTX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.79 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.98. In the meantime, Its Debt-to-Equity ratio is 2.24 whereas as Long-Term Debt/Eq ratio is at 1.81.

On April 12, 2024, Raymond James Downgraded its rating to Outperform which previously was Strong Buy but kept the price unchanged to $8.50.

BofA Securities Downgraded its Neutral to Underperform on March 04, 2024, while the target price for the stock was maintained at $6.50.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 08 ’24 when STARWOOD CAPITAL GROUP GLOBAL sold 9,352,941 shares for $8.84 per share. The transaction valued at 82,679,998 led to the insider holds 2,647,059 shares of the business.

PE Holder, L.L.C. sold 9,352,941 shares of TRTX for $82,679,998 on May 08 ’24. The 10% Owner now owns 2,647,059 shares after completing the transaction at $8.84 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TRTX now has a Market Capitalization of 725928640 and an Enterprise Value of 2990227968. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.93 while its Price-to-Book (P/B) ratio in mrq is 0.65. Its current Enterprise Value per Revenue stands at 68.186.

Stock Price History:

Over the past 52 weeks, TRTX has reached a high of $9.66, while it has fallen to a 52-week low of $4.64. The 50-Day Moving Average of the stock is 1.76%, while the 200-Day Moving Average is calculated to be 16.12%.

Shares Statistics:

TRTX traded an average of 609.20K shares per day over the past three months and 606790 shares per day over the past ten days. A total of 77.87M shares are outstanding, with a floating share count of 61.72M. Insiders hold about 23.73% of the company’s shares, while institutions hold 55.87% stake in the company. Shares short for TRTX as of 1724976000 were 1604529 with a Short Ratio of 2.63, compared to 1722384000 on 1441387. Therefore, it implies a Short% of Shares Outstanding of 1604529 and a Short% of Float of 2.39.

Dividends & Splits

With its trailing 12-month dividend rate of 0.96, TRTX has a forward annual dividend rate of 0.96. Against a Trailing Annual Dividend Yield of 0.10835215The stock’s 5-year Average Dividend Yield is 11.62.

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