Caxton Associates LP Purchases New Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Caxton Associates LP purchased a new stake 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 SEC. The fund purchased 70,187 shares of the company's stock, valued at approximately $597,000. Caxton Associates LP owned about 0.09% of TPG RE Finance Trust as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in TPG RE Finance Trust by 385.9% in the 3rd quarter. Barclays PLC now owns 172,718 shares of the company's stock worth $1,472,000 after acquiring an additional 137,171 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of TPG RE Finance Trust in the fourth quarter valued at approximately $1,526,000. Teacher Retirement System of Texas increased its holdings in TPG RE Finance Trust by 41.7% during the 4th quarter. Teacher Retirement System of Texas now owns 293,525 shares of the company's stock worth $2,495,000 after purchasing an additional 86,337 shares during the period. Franklin Resources Inc. boosted its position in shares of TPG RE Finance Trust by 112.5% during the 3rd quarter. Franklin Resources Inc. now owns 156,444 shares of the company's stock worth $1,308,000 after acquiring an additional 82,817 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new stake in shares of TPG RE Finance Trust in the 4th quarter valued at about $5,588,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

TPG RE Finance Trust Price Performance

TRTX traded up $0.07 on Friday, reaching $7.67. The company had a trading volume of 576,837 shares, compared to its average volume of 643,718. TPG RE Finance Trust, Inc. has a one year low of $6.47 and a one year high of $9.66. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $612.50 million, a P/E ratio of 10.23, a PEG ratio of 0.25 and a beta of 1.63. The company has a fifty day moving average of $7.77 and a 200-day moving average of $8.35.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.18). TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. The business had revenue of $34.74 million for the quarter, compared to analyst estimates of $27.98 million. As a group, equities research analysts anticipate that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 28th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 12.52%. The ex-dividend date of this dividend was Friday, March 28th. TPG RE Finance Trust's dividend payout ratio (DPR) is 137.14%.

Wall Street Analysts Forecast Growth

TRTX has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Wells Fargo & Company reduced their price target on TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating for the company in a report on Thursday, May 1st.

TPG RE Finance Trust Company Profile

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.