Vanguard Group Inc. Grows Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Vanguard Group Inc. lifted its position in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,939,620 shares of the company's stock after acquiring an additional 63,529 shares during the period. Vanguard Group Inc. owned 6.10% of TPG RE Finance Trust worth $41,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp purchased a new position in TPG RE Finance Trust in the 4th quarter valued at $5,588,000. Wolverine Asset Management LLC purchased a new position in shares of TPG RE Finance Trust in the fourth quarter worth about $2,287,000. Condor Capital Management boosted its position in TPG RE Finance Trust by 59.7% during the fourth quarter. Condor Capital Management now owns 438,548 shares of the company's stock worth $3,728,000 after acquiring an additional 163,934 shares during the last quarter. Barclays PLC grew its stake in TPG RE Finance Trust by 385.9% during the 3rd quarter. Barclays PLC now owns 172,718 shares of the company's stock valued at $1,472,000 after acquiring an additional 137,171 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in TPG RE Finance Trust by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,456,883 shares of the company's stock valued at $12,430,000 after acquiring an additional 88,592 shares during the last quarter. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

TPG RE Finance Trust Trading Up 0.8 %

TPG RE Finance Trust stock traded up $0.06 during midday trading on Thursday, hitting $7.11. 93,930 shares of the stock were exchanged, compared to its average volume of 717,816. 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 stock has a market capitalization of $575.53 million, a price-to-earnings ratio of 9.47, a PEG ratio of 0.25 and a beta of 1.78. The stock's 50-day simple moving average is $8.13 and its 200 day simple moving average is $8.47. TPG RE Finance Trust, Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $9.66.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last posted 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 net margin of 21.79% and a return on equity of 7.57%. The company had revenue of $34.74 million during the quarter, compared to analyst estimates of $27.98 million. On average, equities 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 announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 13.51%. The ex-dividend date is Friday, March 28th. TPG RE Finance Trust's payout ratio is 128.00%.

Wall Street Analyst Weigh In

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

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.