D. E. Shaw & Co. Inc. Increases Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

D. E. Shaw & Co. Inc. lifted its position in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 48.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 389,905 shares of the company's stock after purchasing an additional 126,482 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.48% of TPG RE Finance Trust worth $3,314,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Prudential Financial Inc. purchased a new position in TPG RE Finance Trust in the 4th quarter worth $1,526,000. Teacher Retirement System of Texas grew its stake in shares of TPG RE Finance Trust by 41.7% during the fourth quarter. Teacher Retirement System of Texas now owns 293,525 shares of the company's stock valued at $2,495,000 after buying an additional 86,337 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of TPG RE Finance Trust in the fourth quarter worth about $548,000. Franklin Resources Inc. increased its holdings in shares of TPG RE Finance Trust by 112.5% in the third quarter. Franklin Resources Inc. now owns 156,444 shares of the company's stock worth $1,308,000 after buying an additional 82,817 shares during the period. Finally, Van ECK Associates Corp bought 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 currently owned by institutional investors.

TPG RE Finance Trust Trading Up 0.3%

NYSE:TRTX traded up $0.02 during mid-day trading on Thursday, reaching $7.57. 616,468 shares of the company's stock traded hands, compared to its average volume of 647,978. The company has a 50 day moving average price of $7.67 and a 200-day moving average price of $8.31. The firm has a market capitalization of $604.84 million, a price-to-earnings ratio of 10.10, a PEG ratio of 0.25 and a beta of 1.63. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. TPG RE Finance Trust, Inc. has a 12-month low of $6.47 and a 12-month high of $9.66.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last posted its 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). The business had revenue of $34.74 million for the quarter, compared to analysts' expectations of $27.98 million. TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. On average, sell-side analysts predict that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, March 28th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 12.67%. The ex-dividend date of this dividend was Friday, March 28th. TPG RE Finance Trust's dividend payout ratio (DPR) is currently 137.14%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TRTX shares. JPMorgan Chase & Co. raised their price target 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 cut their target price on shares of TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Finally, Wall Street Zen upgraded shares of TPG RE Finance Trust from a "sell" rating to a "hold" rating in a report on Thursday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $9.50.

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.