Graham Capital Management L.P. raised its position in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 124.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 84,586 shares of the company's stock after purchasing an additional 46,937 shares during the period. Graham Capital Management L.P. owned about 0.10% of TPG RE Finance Trust worth $719,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in TRTX. New Age Alpha Advisors LLC purchased a new stake in TPG RE Finance Trust in the 4th quarter valued at approximately $43,000. KLP Kapitalforvaltning AS acquired a new stake in shares of TPG RE Finance Trust during the fourth quarter valued at $75,000. Virtu Financial LLC purchased a new stake in TPG RE Finance Trust during the 4th quarter worth about $85,000. Stratos Wealth Partners LTD. raised its stake in TPG RE Finance Trust by 20.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company's stock valued at $131,000 after purchasing an additional 2,623 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in TPG RE Finance Trust in the 4th quarter valued at about $134,000. Hedge funds and other institutional investors own 57.12% of the company's stock.
TPG RE Finance Trust Trading Down 0.1%
TRTX traded down $0.01 during midday trading on Tuesday, hitting $7.90. The company's stock had a trading volume of 74,611 shares, compared to its average volume of 691,683. TPG RE Finance Trust, Inc. has a 52-week low of $6.47 and a 52-week high of $9.66. The firm has a 50-day moving average price of $7.70 and a two-hundred day moving average price of $8.32. 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 firm has a market cap of $630.47 million, a P/E ratio of 10.53, a PEG ratio of 0.25 and a beta of 1.63.
TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last released 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 during 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, 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 business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 12.16%. TPG RE Finance Trust's dividend payout ratio is presently 137.14%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. Wells Fargo & Company lowered their price target on shares of 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. JPMorgan Chase & Co. lifted their target price on shares of TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st.
Read Our Latest Research Report on TPG RE Finance Trust
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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