Van ECK Associates Corp Takes $5.59 Million Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Van ECK Associates Corp purchased a new position in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 657,384 shares of the company's stock, valued at approximately $5,588,000. Van ECK Associates Corp owned approximately 0.81% of TPG RE Finance Trust at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Two Sigma Advisers LP raised its stake in TPG RE Finance Trust by 162.0% during the third quarter. Two Sigma Advisers LP now owns 1,282,500 shares of the company's stock valued at $10,940,000 after buying an additional 793,000 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of TPG RE Finance Trust during the third quarter valued at $2,328,000. Segall Bryant & Hamill LLC purchased a new position in shares of TPG RE Finance Trust in the 3rd quarter worth about $2,318,000. GSA Capital Partners LLP boosted its stake in TPG RE Finance Trust by 882.6% in the 3rd quarter. GSA Capital Partners LLP now owns 206,078 shares of the company's stock worth $1,758,000 after purchasing an additional 185,105 shares in the last quarter. Finally, Barclays PLC grew its position 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 purchasing an additional 137,171 shares during the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their target price on shares of 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. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.92.

TPG RE Finance Trust Stock Performance

NYSE TRTX traded down $0.07 during trading hours on Friday, hitting $8.31. The company's stock had a trading volume of 696,222 shares, compared to its average volume of 499,575. TPG RE Finance Trust, Inc. has a 12 month low of $6.47 and a 12 month high of $9.66. The company's 50 day simple moving average is $8.54 and its two-hundred day simple moving average is $8.65. The company has a market cap of $672.71 million, a P/E ratio of 11.07, a price-to-earnings-growth ratio of 0.25 and a beta of 2.16. 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 announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $27.98 million. As a group, sell-side analysts expect that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, December 27th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 11.56%. The ex-dividend date was Friday, December 27th. TPG RE Finance Trust's dividend payout ratio (DPR) is presently 128.00%.

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.