Marshall Wace LLP Raises Stock Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Marshall Wace LLP grew its holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 41.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 251,525 shares of the company's stock after acquiring an additional 73,809 shares during the quarter. Marshall Wace LLP owned 0.31% of TPG RE Finance Trust worth $2,138,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. New Age Alpha Advisors LLC acquired a new stake in shares of TPG RE Finance Trust during the 4th quarter worth $43,000. McIlrath & Eck LLC bought a new stake in TPG RE Finance Trust during the third quarter worth about $58,000. KLP Kapitalforvaltning AS acquired a new stake in TPG RE Finance Trust during the fourth quarter worth about $75,000. Virtu Financial LLC bought a new position in TPG RE Finance Trust in the 4th quarter valued at about $85,000. Finally, Stratos Wealth Partners LTD. raised its position in shares of 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 buying an additional 2,623 shares in the last quarter. 57.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their target price on TPG RE Finance Trust from $7.00 to $8.00 and gave the company an "overweight" rating in a report on Thursday. Wells Fargo & Company decreased their target price 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.

TPG RE Finance Trust Stock Down 1.0 %

NYSE:TRTX traded down $0.08 during trading hours on Thursday, reaching $7.57. The company had a trading volume of 400,070 shares, compared to its average volume of 647,453. The business's 50-day simple moving average is $7.89 and its two-hundred day simple moving average is $8.40. TPG RE Finance Trust, Inc. has a twelve month low of $6.47 and a twelve month high of $9.66. The firm has a market cap of $608.11 million, a price-to-earnings ratio of 10.09, a P/E/G ratio of 0.25 and a beta of 1.78. 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 released its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.18). The business 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%. On average, equities analysts expect that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Dividend Announcement

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. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is presently 128.00%.

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.