Solel Partners LP Takes Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Solel Partners LP acquired a new stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 599,666 shares of the company's stock, valued at approximately $5,097,000. TPG RE Finance Trust comprises about 1.0% of Solel Partners LP's portfolio, making the stock its 19th largest position. Solel Partners LP owned 0.74% of TPG RE Finance Trust as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. New Age Alpha Advisors LLC acquired a new position in TPG RE Finance Trust during the fourth quarter valued at approximately $43,000. McIlrath & Eck LLC acquired a new position in TPG RE Finance Trust in the 3rd quarter valued at $58,000. KLP Kapitalforvaltning AS bought a new position in TPG RE Finance Trust in the 4th quarter worth $75,000. Virtu Financial LLC acquired a new position in TPG RE Finance Trust during the 4th quarter worth $85,000. Finally, Stratos Wealth Partners LTD. boosted its holdings in 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 acquiring an additional 2,623 shares during the period. 57.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wells Fargo & Company cut their price objective 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, May 1st. JPMorgan Chase & Co. lifted their target price on TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st.

TPG RE Finance Trust Trading Up 1.1 %

Shares of NYSE:TRTX traded up $0.09 during mid-day trading on Wednesday, reaching $7.56. The stock had a trading volume of 109,980 shares, compared to its average volume of 642,000. The firm has a market cap of $603.32 million, a PE ratio of 10.07, a price-to-earnings-growth ratio of 0.25 and a beta of 1.63. TPG RE Finance Trust, Inc. has a twelve month low of $6.47 and a twelve month high of $9.66. 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 50 day simple moving average of $7.82 and a two-hundred day simple moving average of $8.37.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last posted its quarterly earnings data 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 net margin of 21.79% and a return on equity of 7.57%. The business had revenue of $34.74 million during the quarter, compared to analyst estimates of $27.98 million. On average, research analysts predict 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 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 was Friday, March 28th. This represents a $0.96 annualized dividend and a yield of 12.71%. TPG RE Finance Trust's dividend payout ratio is 137.14%.

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.