StockNews.AI
TRTX
StockNews.AI
20 hrs

TPG RE Finance Trust, Inc. Announces Share Repurchase Program

1. TRTX announces a new $25 million share repurchase program to boost shareholder value.

Shares Buyback
+1.95%Current Return
VS
-0.37%S&P 500
$9.5109/04 04:31 PM EDTEvent Start
$9.69509/05 11:41 AM EDTLatest Updated
2m saved
Insight
Article

FAQ

Why Bullish?

Share repurchase programs typically signal strong financial health and confidence. Previous announcements of similar nature in other companies have positively influenced stock prices.

How important is it?

The announcement is significant for TRTX, suggesting management's confidence in stock value and future prospects.

Why Short Term?

The immediate impact of such repurchase announcements tends to manifest in the short-term via psychological and market reactions.

Related Companies

BXMTKREFSTWD
NEW YORK--(BUSINESS WIRE)--TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) today announced that the Company's board of directors has approved a new share repurchase program (the “Program”) pursuant to which the Company is authorized to repurchase up to $25.0 million of the Company's common stock. The Program authorizes the repurchase of common stock from time to time on the open market or in privately negotiated transactions, including under 10b5-1 plans. The Program succeeds.

Related News