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 $23.19 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.
JP Morgan upgraded its TPG RE Finance Trust Inc [TRTX] rating to an Overweight from a a Neutral in a research note published on October 17, 2024; the price target was increased to $9.50 from $9. Raymond James also remained covering TRTX and has decreased its forecast on April 12, 2024 with a “an Outperform” recommendation from previously “Strong buy” rating. BofA Securities revised its rating on March 04, 2024. It rated TRTX as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of TRTX
On Friday, TPG RE Finance Trust Inc [NYSE:TRTX] saw its stock fall -0.57% to $8.76. Over the last five days, the stock has gained 4.66%. TPG RE Finance Trust Inc shares have risen nearly 34.77% since the year began. Nevertheless, the stocks have risen 66.22% 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 $8.64, while 200 days put it at $8.06.
Levels Of Support And Resistance For TRTX Stock
The 24-hour chart illustrates a support level at 8.66, which if violated will result in even more drops to 8.57. On the upside, there is a resistance level at 8.86. A further resistance level may holdings at 8.96. The Relative Strength Index (RSI) on the 14-day chart is 57.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.91%. Stochastics %K at 87.06% indicates the stock is a selling.
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 2024-10-15, growing by 0.2 million shares to a total of 1.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.42 million shares. There was a rise of 12.11%, which implies that there is a positive sentiment for the stock.
