Cubist Systematic Strategies LLC Has $2.26 Million Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Cubist Systematic Strategies LLC reduced its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 41.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 266,260 shares of the company's stock after selling 190,413 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.33% of TPG RE Finance Trust worth $2,263,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TRTX. Caxton Associates LP bought a new position in shares of TPG RE Finance Trust in the fourth quarter valued at $597,000. Bank of America Corp DE grew its stake in shares of TPG RE Finance Trust by 49.2% in the fourth quarter. Bank of America Corp DE now owns 426,174 shares of the company's stock valued at $3,622,000 after buying an additional 140,507 shares in the last quarter. Solel Partners LP bought a new position in shares of TPG RE Finance Trust in the fourth quarter valued at $5,097,000. Northern Trust Corp grew its stake in shares of TPG RE Finance Trust by 15.5% in the fourth quarter. Northern Trust Corp now owns 629,451 shares of the company's stock valued at $5,350,000 after buying an additional 84,652 shares in the last quarter. Finally, Tudor Investment Corp ET AL grew its stake in shares of TPG RE Finance Trust by 30.8% in the fourth quarter. Tudor Investment Corp ET AL now owns 283,014 shares of the company's stock valued at $2,406,000 after buying an additional 66,667 shares in the last quarter. 57.12% of the stock is owned by institutional investors.

TPG RE Finance Trust Trading Up 0.1%

TRTX stock traded up $0.01 during trading on Friday, hitting $7.98. The company had a trading volume of 457,416 shares, compared to its average volume of 647,372. The business has a 50-day moving average of $7.71 and a 200-day moving average of $8.33. TPG RE Finance Trust, Inc. has a one year low of $6.47 and a one year high of $9.66. The stock has a market cap of $636.86 million, a PE ratio of 10.63, a PEG ratio of 0.25 and a beta of 1.63. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $27.98 million. Research analysts predict that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.04%. The ex-dividend date of this dividend was Friday, March 28th. TPG RE Finance Trust's payout ratio is 137.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TRTX shares. JPMorgan Chase & Co. boosted their price objective on TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Wells Fargo & Company decreased their target price on TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st.

TPG RE Finance Trust 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.