Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. TPG RE Finance Trust Inc. shares valued at $70,534 were purchased by Foley Robert on Nov 21. At $7.05 per share, Foley Robert acquired 10,000 shares. The insider’s holdings grew to 153,158 shares worth approximately $1.1 million following the completion of this transaction.
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Also, Ginsberg Deborah J. purchased 13,800 shares, netting a total of over 99,223 in proceeds. Following the buying of shares at $7.19 each, the insider now holds 91,616 shares.
Before that, CHINA INVESTMENT CORP had sold 1,000,000 shares from its account. In a trade valued at $12,340,000, the 10% Owner traded TPG RE Finance Trust Inc. shares for $12.34 each. Upon closing the transaction, the insider’s holdings decreased to 1,000,000 shares, worth approximately $53.12 million.
Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of February 03, 2021, BTIG Research has initiated its “Buy” rating for TRTX. Earlier on November 20, 2020, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for TRTX stock which previously was a “an Outperform”.
Analyzing TRTX Stock Performance
On Wednesday, TPG RE Finance Trust Inc. [NYSE: TRTX] rose 0.98% to $7.19. The stock’s lowest price that day was $7.05, but it reached a high of $7.20 in the same session. During the last five days, there has been a surge of approximately 1.13%. Over the course of the year, TPG RE Finance Trust Inc. shares have dropped approximately -41.64%. Shares of the company reached a 52-week high of $13.38 on 01/18/22 and a 52-week low of $6.31 on 11/03/22. A 50-day SMA is recorded $7.60, while a 200-day SMA reached $9.83. Nevertheless, trading volume fell to 0.19 million shares from 0.34 million shares the previous day.
Support And Resistance Levels for TPG RE Finance Trust Inc. (TRTX)
According to the 24-hour chart, there is a support level at 7.09, which, if violated, would cause prices to drop to 7.00. In the upper region, resistance lies at 7.24. The next price resistance is at 7.30. RSI (Relative Strength Index) is 46.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.07, which suggests the price will decrease in the coming days. Percent R is at 32.41%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is TPG RE Finance Trust Inc. subject to short interest?
Stocks of TPG RE Finance Trust Inc. saw a sharp rise in short interest on Oct 13, 2022 jumping by 0.37 million shares to 1.26 million. Data from Yahoo Finance shows that the short interest on Sep 14, 2022 was 0.89 million shares. A jump of 28.98% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.2 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.2.
Which companies own the most shares of TPG RE Finance Trust Inc. (TRTX)?
According to China Investment Corp. filings, the company currently owns 7,387,866 shares, which is about 9.55% of the total TRTX shares outstanding. The investor’s shares have plunged by -1,000,000 from its previous 13-F filing of 8387866.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $48,691,311. BlackRock Fund Advisors acquire a 1.75% interest valued at $41.33 million while Nan Shan Life Insurance Co., Ltd. 0 stake. In its current portfolio, SSgA Funds Management, Inc. holds 1,444,043 shares valued at $12.23 million.
In terms of TPG RE Finance Trust Inc. share price expectations, FactSet research, analysts set an average price target of $9.00 in the next 12 months, up nearly 19.38% from the previous closing price of $7.12. Analysts anticipate TPG RE Finance Trust Inc. stock to reach $11.00 by 2022, with the lowest price target being $8.00. In spite of this, 7 analysts ranked TPG RE Finance Trust Inc. stock as an Overweight at the end of 2022.