Northern Trust Corp Has $5.35 Million Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Northern Trust Corp raised its position in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 629,451 shares of the company's stock after acquiring an additional 84,652 shares during the quarter. Northern Trust Corp owned approximately 0.78% of TPG RE Finance Trust worth $5,350,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new stake in TPG RE Finance Trust in the fourth quarter valued at $43,000. KLP Kapitalforvaltning AS acquired a new stake in TPG RE Finance Trust in the fourth quarter valued at $75,000. Virtu Financial LLC acquired a new stake in TPG RE Finance Trust in the fourth quarter valued at $85,000. Stratos Wealth Partners LTD. lifted its stake in TPG RE Finance Trust by 20.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company's stock valued at $131,000 after acquiring an additional 2,623 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in TPG RE Finance Trust in the fourth quarter valued at $134,000. Institutional investors and hedge funds own 57.12% of the company's stock.

TPG RE Finance Trust Stock Performance

Shares of NYSE TRTX traded up $0.05 during mid-day trading on Friday, reaching $7.62. 436,505 shares of the company were exchanged, compared to its average volume of 648,547. The company's 50-day simple moving average is $7.65 and its 200-day simple moving average is $8.31. The company has a quick ratio of 152.83, a current ratio of 156.81 and a debt-to-equity ratio of 2.14. The stock has a market capitalization of $608.11 million, a P/E ratio of 10.15, a P/E/G ratio of 0.25 and a beta of 1.63. TPG RE Finance Trust, Inc. has a twelve month low of $6.47 and a twelve 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 analysts' consensus estimates of $0.26 by ($0.18). The company had revenue of $34.74 million for the quarter, compared to analyst estimates of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. As a group, research 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 28th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 12.61%. The ex-dividend date of this dividend was Friday, March 28th. TPG RE Finance Trust's dividend payout ratio (DPR) is 137.14%.

Analysts Set New Price Targets

A number of analysts have commented on TRTX shares. JPMorgan Chase & Co. increased their price target on shares of 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. Wall Street Zen upgraded shares of TPG RE Finance Trust from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, 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 for the company in a research note on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, TPG RE Finance Trust currently has a consensus rating of "Moderate Buy" and a consensus target price 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.