Tudor Investment Corp ET AL Raises Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Tudor Investment Corp ET AL lifted its position in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 30.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 283,014 shares of the company's stock after acquiring an additional 66,667 shares during the period. Tudor Investment Corp ET AL owned 0.35% of TPG RE Finance Trust worth $2,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Long Pond Capital LP lifted its stake in shares of TPG RE Finance Trust by 117.1% during the 4th quarter. Long Pond Capital LP now owns 7,303,626 shares of the company's stock worth $62,081,000 after purchasing an additional 3,938,800 shares during the period. Vanguard Group Inc. lifted its stake in TPG RE Finance Trust by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 4,939,620 shares of the company's stock valued at $41,987,000 after buying an additional 63,529 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of TPG RE Finance Trust by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,464,001 shares of the company's stock worth $12,447,000 after purchasing an additional 7,118 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in 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. Finally, Wellington Management Group LLP acquired a new stake in TPG RE Finance Trust during the fourth quarter valued at approximately $5,983,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on TRTX. JPMorgan Chase & Co. lifted their price objective on TPG RE Finance Trust from $7.00 to $8.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Wells Fargo & Company reduced 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, May 1st.

TPG RE Finance Trust Trading Down 2.0 %

NYSE TRTX traded down $0.16 during trading hours on Tuesday, hitting $7.49. 495,219 shares of the company were exchanged, compared to its average volume of 644,097. TPG RE Finance Trust, Inc. has a 52 week low of $6.47 and a 52 week high of $9.66. 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 has a market cap of $597.73 million, a PE ratio of 9.98, a price-to-earnings-growth ratio of 0.25 and a beta of 1.63. The stock has a 50-day moving average price of $7.82 and a 200 day moving average price of $8.37.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.18). The business had revenue of $34.74 million during the quarter, compared to analyst estimates of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. Analysts forecast 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 paid a dividend of $0.24 per share. The ex-dividend date was Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 12.83%. 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.