TPG RE Finance Trust, Inc. (NYSE:TRTX) Stock Holdings Increased by Barclays PLC

Barclays PLC boosted its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 97.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 341,721 shares of the company's stock after purchasing an additional 169,003 shares during the period. Barclays PLC owned about 0.42% of TPG RE Finance Trust worth $2,905,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP acquired a new position in shares of TPG RE Finance Trust in the fourth quarter worth $5,983,000. Van ECK Associates Corp purchased a new stake in shares of TPG RE Finance Trust during the 4th quarter worth about $5,588,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of TPG RE Finance Trust by 90.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,019,924 shares of the company's stock valued at $8,669,000 after buying an additional 485,690 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of TPG RE Finance Trust in the 4th quarter valued at approximately $2,287,000. Finally, Renaissance Technologies LLC increased its holdings in 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. Hedge funds and other institutional investors own 57.12% of the company's stock.

Analyst Ratings Changes

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

TPG RE Finance Trust Stock Performance

NYSE:TRTX opened at $7.51 on Wednesday. The firm has a market capitalization of $604.01 million, a PE ratio of 10.02, a PEG ratio of 0.25 and a beta of 1.78. TPG RE Finance Trust, Inc. has a 1 year low of $6.47 and a 1 year 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's fifty day simple moving average is $7.90 and its 200 day simple moving average is $8.40.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.78%. TPG RE Finance Trust's dividend payout ratio (DPR) is presently 128.00%.

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.

Want to see what other hedge funds are holding TRTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.