D. E. Shaw & Co. Inc. raised its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 48.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Franklin Resources Inc. lifted 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 valued at $1,308,000 after buying an additional 82,817 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of TPG RE Finance Trust by 19.3% during the 4th quarter. SG Americas Securities LLC now owns 30,596 shares of the company's stock valued at $260,000 after buying an additional 4,944 shares in the last quarter. Golden State Equity Partners lifted its position in shares of TPG RE Finance Trust by 375.7% during the 4th quarter. Golden State Equity Partners now owns 105,045 shares of the company's stock valued at $893,000 after buying an additional 82,964 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of TPG RE Finance Trust by 20.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company's stock valued at $131,000 after buying an additional 2,623 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new position in shares of TPG RE Finance Trust during the 4th quarter valued at about $5,588,000. 57.12% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target 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 lowered their price target on 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 raised TPG RE Finance Trust from a "sell" rating to a "hold" rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, TPG RE Finance Trust presently has a consensus rating of "Moderate Buy" and an average target price of $9.50.
Get Our Latest Analysis on TPG RE Finance Trust
TPG RE Finance Trust Price Performance
NYSE TRTX traded up $0.05 during trading hours on Friday, reaching $7.62. The company's stock had a trading volume of 436,505 shares, compared to its average volume of 646,910. The firm's 50-day moving average price is $7.63 and its 200-day moving average price is $8.29. The company has a quick ratio of 152.83, a current ratio of 156.81 and a debt-to-equity ratio of 2.14. TPG RE Finance Trust, Inc. has a 1 year low of $6.47 and a 1 year high of $9.66. The company has a market capitalization of $608.11 million, a price-to-earnings ratio of 10.15, a PEG ratio of 0.25 and a beta of 1.63.
TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $34.74 million for the quarter, compared to analysts' expectations of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. On average, equities research analysts predict that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current fiscal year.
TPG RE Finance Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 12.61%. TPG RE Finance Trust's dividend payout ratio (DPR) is 137.14%.
About TPG RE Finance Trust
(
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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