64,441 Shares in TPG RE Finance Trust, Inc. (NYSE:TRTX) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 64,441 shares of the company's stock, valued at approximately $548,000. Raymond James Financial Inc. owned approximately 0.08% of TPG RE Finance Trust as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP bought a new stake in shares of TPG RE Finance Trust in the 4th quarter worth approximately $5,983,000. Van ECK Associates Corp bought a new stake in TPG RE Finance Trust in the fourth quarter valued at $5,588,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of TPG RE Finance Trust by 90.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,019,924 shares of the company's stock valued at $8,669,000 after acquiring an additional 485,690 shares during the period. Wolverine Asset Management LLC bought a new position in shares of TPG RE Finance Trust during the fourth quarter worth about $2,287,000. Finally, Renaissance Technologies LLC increased its holdings in shares of 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 acquiring an additional 211,205 shares during the period. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on TRTX shares. Wells Fargo & Company cut 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 note on Thursday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st.

TPG RE Finance Trust Stock Down 1.8%

Shares of TPG RE Finance Trust stock traded down $0.15 during midday trading on Wednesday, reaching $7.84. 142,728 shares of the company's stock traded hands, compared to its average volume of 700,432. 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, Inc. has a 52 week low of $6.47 and a 52 week high of $9.66. The company's 50 day simple moving average is $7.74 and its 200 day simple moving average is $8.34. The company has a market cap of $626.40 million, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 0.25 and a beta of 1.63.

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 the consensus estimate of $0.26 by ($0.18). The business had revenue of $34.74 million during the quarter, compared to analyst estimates of $27.98 million. TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. Equities analysts expect that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, March 28th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 12.24%. The ex-dividend date of this dividend was Friday, March 28th. TPG RE Finance Trust's dividend payout ratio (DPR) is presently 137.14%.

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.