TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Acquired by FJ Capital Management LLC

FJ Capital Management LLC increased its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 295.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 173,812 shares of the company's stock after acquiring an additional 129,902 shares during the quarter. FJ Capital Management LLC owned approximately 0.21% of TPG RE Finance Trust worth $1,477,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. New Age Alpha Advisors LLC purchased a new stake in TPG RE Finance Trust in the 4th quarter worth about $43,000. KLP Kapitalforvaltning AS bought a new position in TPG RE Finance Trust in the 4th quarter worth approximately $75,000. Virtu Financial LLC bought a new position in shares of TPG RE Finance Trust during the 4th quarter worth about $85,000. Stratos Wealth Partners LTD. increased its holdings in 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 during the period. Finally, Wealthfront Advisers LLC bought a new stake in TPG RE Finance Trust during the 4th quarter worth approximately $134,000. 57.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on TRTX shares. 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 report on Thursday, May 1st. Wells Fargo & Company reduced their price target on shares of 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.

TPG RE Finance Trust Stock Performance

NYSE:TRTX traded down $0.14 during mid-day trading on Wednesday, hitting $7.85. 301,030 shares of the company traded hands, compared to its average volume of 643,626. The firm has a market cap of $626.88 million, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 0.25 and a beta of 1.63. The company has a quick ratio of 152.83, a current ratio of 156.81 and a debt-to-equity ratio of 2.14. The stock's fifty day moving average price is $7.74 and its 200-day moving average price is $8.34. TPG RE Finance Trust, Inc. has a one year low of $6.47 and a one year high of $9.66.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last issued its earnings results 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). TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. The firm had revenue of $34.74 million during the quarter, compared to analysts' expectations of $27.98 million. Research analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.23%. The ex-dividend date was Friday, March 28th. TPG RE Finance Trust's dividend payout ratio (DPR) is 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.