Caxton Associates LP bought a new position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 70,187 shares of the company's stock, valued at approximately $597,000. Caxton Associates LP owned approximately 0.09% of TPG RE Finance Trust as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Long Pond Capital LP raised its stake in TPG RE Finance Trust by 117.1% in the fourth quarter. Long Pond Capital LP now owns 7,303,626 shares of the company's stock valued at $62,081,000 after buying an additional 3,938,800 shares during the period. Wellington Management Group LLP bought a new stake in TPG RE Finance Trust in the fourth quarter valued at approximately $5,983,000. Van ECK Associates Corp bought a new stake in TPG RE Finance Trust in the fourth quarter valued at approximately $5,588,000. Solel Partners LP bought a new stake in TPG RE Finance Trust in the fourth quarter valued at approximately $5,097,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in TPG RE Finance Trust by 90.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,019,924 shares of the company's stock valued at $8,669,000 after buying an additional 485,690 shares during the period. Institutional investors own 57.12% of the company's stock.
Wall Street Analyst Weigh In
TRTX has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. JPMorgan Chase & Co. upped their price objective on TPG RE Finance Trust from $7.00 to $8.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st.
Get Our Latest Report on TPG RE Finance Trust
TPG RE Finance Trust Stock Performance
NYSE TRTX traded up $0.20 on Monday, reaching $7.87. The stock had a trading volume of 94,026 shares, compared to its average volume of 643,057. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. The company has a market cap of $628.08 million, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 0.25 and a beta of 1.63. The firm has a fifty day moving average of $7.77 and a two-hundred day moving average of $8.35. TPG RE Finance Trust, Inc. has a 1-year low of $6.47 and a 1-year high of $9.66.
TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.18). TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. The business had revenue of $34.74 million for the quarter, compared to the consensus estimate of $27.98 million. On average, equities research analysts anticipate that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current year.
TPG RE Finance Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, March 28th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 12.21%. TPG RE Finance Trust's dividend payout ratio is currently 137.14%.
TPG RE Finance Trust Company Profile
(
Free Report)
TPG RE Finance Trust, Inc, a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.
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