Solel Partners LP Invests $5.10 Million in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Solel Partners LP bought a new position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 599,666 shares of the company's stock, valued at approximately $5,097,000. TPG RE Finance Trust accounts for approximately 1.0% of Solel Partners LP's holdings, making the stock its 19th biggest position. Solel Partners LP owned approximately 0.74% of TPG RE Finance Trust as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of TPG RE Finance Trust by 385.9% during the 3rd quarter. Barclays PLC now owns 172,718 shares of the company's stock valued at $1,472,000 after acquiring an additional 137,171 shares during the last quarter. Prudential Financial Inc. purchased a new position in TPG RE Finance Trust in the fourth quarter worth approximately $1,526,000. Teacher Retirement System of Texas raised its holdings in shares of TPG RE Finance Trust by 41.7% in the 4th quarter. Teacher Retirement System of Texas now owns 293,525 shares of the company's stock valued at $2,495,000 after purchasing an additional 86,337 shares in the last quarter. Franklin Resources Inc. lifted its holdings in TPG RE Finance Trust by 112.5% during the 3rd quarter. Franklin Resources Inc. now owns 156,444 shares of the company's stock worth $1,308,000 after buying an additional 82,817 shares during the last quarter. Finally, Van ECK Associates Corp purchased a new position in TPG RE Finance Trust in the fourth quarter valued at approximately $5,588,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TRTX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped 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. Wells Fargo & Company dropped their price objective on TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating on the stock in a report on Thursday.

TPG RE Finance Trust Stock Performance

Shares of NYSE TRTX traded down $0.04 during mid-day trading on Monday, hitting $7.62. The company had a trading volume of 571,262 shares, compared to its average volume of 644,290. The stock has a market cap of $608.11 million, a price-to-earnings ratio of 10.15, a PEG ratio of 0.25 and a beta of 1.63. The firm's 50 day simple moving average is $7.86 and its two-hundred day simple moving average is $8.38. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. TPG RE Finance Trust, Inc. has a 12 month low of $6.47 and a 12 month high of $9.66.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last posted its 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). The firm had revenue of $34.74 million for 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%. As a group, equities research analysts forecast that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 28th were given 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 12.61%. TPG RE Finance Trust's dividend payout ratio (DPR) 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.