Barclays PLC Increases Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Barclays PLC lifted its holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 97.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 341,721 shares of the company's stock after buying an additional 169,003 shares during the quarter. Barclays PLC owned approximately 0.42% of TPG RE Finance Trust worth $2,905,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TRTX. Wellington Management Group LLP bought a new stake in shares of TPG RE Finance Trust during the fourth quarter valued at approximately $5,983,000. Van ECK Associates Corp bought a new stake in TPG RE Finance Trust during the 4th quarter valued at $5,588,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of TPG RE Finance Trust by 90.9% in the 4th 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 period. Wolverine Asset Management LLC purchased a new stake in shares of TPG RE Finance Trust in the 4th quarter worth $2,287,000. Finally, Renaissance Technologies LLC grew its position in shares of TPG RE Finance Trust by 58.8% during the 4th 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 in the last quarter. 57.12% of the stock is owned by institutional investors.

TPG RE Finance Trust Stock Down 0.1 %

Shares of TRTX stock traded down $0.01 during mid-day trading on Monday, hitting $7.64. 49,994 shares of the stock traded hands, compared to its average volume of 642,253. TPG RE Finance Trust, Inc. has a 52-week low of $6.47 and a 52-week high of $9.66. The stock has a market cap of $610.11 million, a P/E ratio of 10.18, a P/E/G ratio of 0.25 and a beta of 1.63. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. The stock's fifty day moving average is $7.86 and its two-hundred day moving average is $8.38.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.08 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 firm had revenue of $34.74 million for the quarter, compared to analysts' expectations of $27.98 million. Equities analysts predict that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current year.

TPG RE Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders 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 dividend yield of 12.57%. TPG RE Finance Trust's payout ratio is 137.14%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TRTX. 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 research note on Thursday. Wells Fargo & Company dropped their price objective 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.

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.