Sterling Capital Management LLC Purchases 44,820 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Sterling Capital Management LLC increased its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 22,298.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,021 shares of the company's stock after purchasing an additional 44,820 shares during the quarter. Sterling Capital Management LLC owned approximately 0.06% of TPG RE Finance Trust worth $383,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRTX. Wellington Management Group LLP bought a new stake in TPG RE Finance Trust in the fourth quarter worth approximately $5,983,000. Van ECK Associates Corp bought a new stake in TPG RE Finance Trust in the fourth quarter worth $5,588,000. Arrowstreet Capital Limited Partnership increased its position in 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 worth $8,669,000 after buying an additional 485,690 shares during the last quarter. Wolverine Asset Management LLC bought a new position in TPG RE Finance Trust during the fourth quarter valued at about $2,287,000. Finally, Renaissance Technologies LLC lifted its position in shares of TPG RE Finance Trust by 58.8% in the fourth quarter. Renaissance Technologies LLC now owns 570,699 shares of the company's stock worth $4,851,000 after buying an additional 211,205 shares during the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.

TPG RE Finance Trust Stock Performance

Shares of TPG RE Finance Trust stock traded down $0.04 during trading on Friday, reaching $7.24. The company's stock had a trading volume of 259,676 shares, compared to its average volume of 715,360. TPG RE Finance Trust, Inc. has a one year low of $6.47 and a one year high of $9.66. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81. The firm has a market cap of $581.59 million, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 0.25 and a beta of 1.78. The business's fifty day moving average price is $7.97 and its 200-day moving average price is $8.42.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 EPS for the quarter, missing the consensus estimate 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 business had revenue of $34.74 million during the quarter, compared to the consensus estimate of $27.98 million. As a group, equities research analysts predict that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 13.27%. The ex-dividend date is Friday, March 28th. TPG RE Finance Trust's payout ratio is currently 128.00%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their price objective on TPG RE Finance Trust from $8.50 to $7.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th.

About TPG RE Finance Trust

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.