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

Tudor Investment Corp ET AL lifted its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 30.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. New Age Alpha Advisors LLC purchased a new position in TPG RE Finance Trust during the 4th quarter worth $43,000. KLP Kapitalforvaltning AS acquired a new position in shares of TPG RE Finance Trust during the fourth quarter worth about $75,000. Virtu Financial LLC purchased a new position in TPG RE Finance Trust during the fourth quarter worth about $85,000. Stratos Wealth Partners LTD. lifted its position in TPG RE Finance Trust by 20.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company's stock valued at $131,000 after purchasing an additional 2,623 shares during the period. Finally, Wealthfront Advisers LLC purchased a new stake in TPG RE Finance Trust in the 4th quarter valued at approximately $134,000. 57.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on TRTX. JPMorgan Chase & Co. raised their price target 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 cut their price target on shares of TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating for the company in a report on Thursday, May 1st.

TPG RE Finance Trust Price Performance

TRTX traded up $0.05 during trading on Friday, reaching $7.65. 215,024 shares of the stock were exchanged, compared to its average volume of 641,195. 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 market capitalization of $610.91 million, a price-to-earnings ratio of 10.20, a P/E/G ratio of 0.25 and a beta of 1.63. The business's 50 day moving average price is $7.78 and its two-hundred day moving average price is $8.36. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 EPS 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 net margin of 21.79% and a return on equity of 7.57%. As a group, equities research analysts anticipate that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 12.55%. 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.