Raymond James Financial Inc. bought a new stake in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 64,441 shares of the company's stock, valued at approximately $548,000. Raymond James Financial Inc. owned approximately 0.08% of TPG RE Finance Trust at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. boosted its holdings in shares of TPG RE Finance Trust by 20.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company's stock valued at $131,000 after buying an additional 2,623 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in TPG RE Finance Trust by 2.5% in the fourth quarter. Bank of New York Mellon Corp now owns 181,368 shares of the company's stock valued at $1,542,000 after acquiring an additional 4,468 shares during the last quarter. SG Americas Securities LLC lifted its stake in TPG RE Finance Trust by 19.3% in the fourth quarter. SG Americas Securities LLC now owns 30,596 shares of the company's stock valued at $260,000 after acquiring an additional 4,944 shares during the last quarter. McIlrath & Eck LLC bought a new position in shares of TPG RE Finance Trust in the 3rd quarter valued at about $58,000. Finally, Quadrature Capital Ltd increased its stake in shares of TPG RE Finance Trust by 71.8% during the 3rd quarter. Quadrature Capital Ltd now owns 19,955 shares of the company's stock worth $170,000 after purchasing an additional 8,343 shares during the last quarter. 57.12% of the stock is currently owned by institutional investors and hedge funds.
TPG RE Finance Trust Stock Performance
Shares of TRTX traded down $0.09 during trading hours on Friday, hitting $6.82. The company had a trading volume of 1,198,423 shares, compared to its average volume of 635,124. The business has a fifty day moving average of $8.23 and a 200-day moving average of $8.50. 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 firm has a market cap of $552.04 million, a price-to-earnings ratio of 9.09, a PEG ratio of 0.25 and a beta of 1.78. TPG RE Finance Trust, Inc. has a 12 month low of $6.47 and a 12 month high of $9.66.
TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last announced its quarterly 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). The company 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%. Equities analysts anticipate that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current fiscal year.
TPG RE Finance Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.96 annualized dividend and a yield of 14.09%. TPG RE Finance Trust's payout ratio is currently 128.00%.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. reduced their price target on TPG RE Finance Trust from $9.50 to $8.50 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, TPG RE Finance Trust has an average rating of "Buy" and an average target price of $9.40.
Check Out Our Latest Analysis on TRTX
TPG RE Finance Trust Company Profile
(
Free Report)
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.
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