Jump Financial LLC Sells 38,615 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Jump Financial LLC reduced its stake in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 63.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,953 shares of the company's stock after selling 38,615 shares during the quarter. Jump Financial LLC's holdings in TPG RE Finance Trust were worth $187,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new position in shares of TPG RE Finance Trust during the fourth quarter valued at about $43,000. McIlrath & Eck LLC purchased a new stake in TPG RE Finance Trust during the third quarter valued at about $58,000. KLP Kapitalforvaltning AS bought a new position in TPG RE Finance Trust in the 4th quarter worth approximately $75,000. Virtu Financial LLC bought a new position in shares of TPG RE Finance Trust in the fourth quarter worth $85,000. Finally, Stratos Wealth Partners LTD. increased its position in shares of TPG RE Finance Trust by 20.4% during the fourth 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 during the period. Institutional investors and hedge funds own 57.12% of the company's stock.

TPG RE Finance Trust Trading Up 1.5 %

Shares of TPG RE Finance Trust stock traded up $0.11 during midday trading on Friday, reaching $7.66. 458,897 shares of the company's stock traded hands, compared to its average volume of 644,583. The company has a market cap of $615.75 million, a PE ratio of 10.21, a price-to-earnings-growth ratio of 0.25 and a beta of 1.78. The stock has a 50 day moving average of $7.86 and a 200-day moving average of $8.39. TPG RE Finance Trust, Inc. has a 12 month low of $6.47 and a 12 month high of $9.66. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $34.74 million for the quarter, compared to the consensus estimate of $27.98 million. As a group, equities analysts expect 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 declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, March 28th were given 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 12.53%. TPG RE Finance Trust's dividend payout ratio is presently 128.00%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company lowered their price objective 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. 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 report on Thursday.

TPG RE Finance Trust Company 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.