Jump Financial LLC Cuts Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Jump Financial LLC trimmed its holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 63.8% in the 4th quarter, according to its most recent filing 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Barclays PLC boosted its stake in TPG RE Finance Trust by 97.8% in the 4th quarter. Barclays PLC now owns 341,721 shares of the company's stock worth $2,905,000 after purchasing an additional 169,003 shares during the period. Sterling Capital Management LLC boosted its stake in TPG RE Finance Trust by 22,298.5% in the 4th quarter. Sterling Capital Management LLC now owns 45,021 shares of the company's stock worth $383,000 after purchasing an additional 44,820 shares during the period. Raymond James Financial Inc. bought a new position in TPG RE Finance Trust in the 4th quarter worth approximately $548,000. Renaissance Technologies LLC boosted its stake in TPG RE Finance Trust by 58.8% in the 4th quarter. Renaissance Technologies LLC now owns 570,699 shares of the company's stock worth $4,851,000 after purchasing an additional 211,205 shares during the period. Finally, Legal & General Group Plc boosted its stake in TPG RE Finance Trust by 7.2% in the 4th quarter. Legal & General Group Plc now owns 57,095 shares of the company's stock worth $485,000 after purchasing an additional 3,812 shares during the period. 57.12% of the stock is currently owned by institutional investors.

TPG RE Finance Trust Trading Down 1.0 %

TRTX traded down $0.08 during trading on Thursday, reaching $7.57. The company had a trading volume of 680,224 shares, compared to its average volume of 648,316. The stock has a market cap of $608.11 million, a P/E ratio of 10.09, a PEG ratio of 0.25 and a beta of 1.78. The business has a 50 day simple moving average of $7.89 and a 200-day simple moving average of $8.40. TPG RE Finance Trust, Inc. has a 52 week low of $6.47 and a 52 week high of $9.66. 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 (NYSE:TRTX - Get Free Report) last issued its quarterly 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). TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. The company had revenue of $34.74 million during the quarter, compared to the consensus estimate of $27.98 million. On average, equities analysts anticipate that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 28th were paid a $0.24 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a yield of 12.69%. TPG RE Finance Trust's payout ratio is 128.00%.

Analysts Set New Price Targets

A number of research firms have recently commented on TRTX. Wells Fargo & Company lowered their target price on TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating for the company in a research report on Thursday. JPMorgan Chase & Co. increased their target price on TPG RE Finance Trust from $7.00 to $8.00 and gave the company 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.