TPG RE Finance Trust Inc’s recent filing unveils that its 10% Owner STARWOOD CAPITAL GROUP GLOBAL unloaded Company’s shares for reported $82.68 million on May 08 ’24. In the deal valued at $8.84 per share,9,352,941 shares were sold. As a result of this transaction, STARWOOD CAPITAL GROUP GLOBAL now holds 2,647,059 shares worth roughly $22.21 million.
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Then, PE Holder, L.L.C. sold 9,352,941 shares, generating $82,679,998 in total proceeds. Upon selling the shares at $8.84, the 10% Owner now owns 2,647,059 shares.
A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in mid April from “a Strong buy” to “an Outperform”. BofA Securities also remained covering TRTX and has decreased its forecast on March 04, 2024 with a “an Underperform” recommendation from previously “Neutral” rating.
Price Performance Review of TRTX
On Tuesday, TPG RE Finance Trust Inc [NYSE:TRTX] saw its stock jump 0.36% to $8.39. Over the last five days, the stock has gained 1.57%. TPG RE Finance Trust Inc shares have risen nearly 29.08% since the year began. Nevertheless, the stocks have risen 35.32% over the past one year. While a 52-week high of $9.66 was reached on 07/23/24, a 52-week low of $4.64 was recorded on 02/13/24. SMA at 50 days reached $8.60, while 200 days put it at $7.92.
Levels Of Support And Resistance For TRTX Stock
The 24-hour chart illustrates a support level at 8.32, which if violated will result in even more drops to 8.24. On the upside, there is a resistance level at 8.48. A further resistance level may holdings at 8.57. The Relative Strength Index (RSI) on the 14-day chart is 45.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.64%. Stochastics %K at 26.45% indicates the stock is a holding.
How much short interest is there in TPG RE Finance Trust Inc?
A steep rise in short interest was recorded in TPG RE Finance Trust Inc stocks on 2024-09-30, dropping by 41530.0 shares to a total of 1.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.6 million shares. There was a decline of -2.66%, which implies that there is a negative sentiment for the stock.
