Arrowstreet Capital Limited Partnership Purchases 485,690 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Arrowstreet Capital Limited Partnership raised its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 90.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,019,924 shares of the company's stock after purchasing an additional 485,690 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.26% of TPG RE Finance Trust worth $8,669,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRTX. New Age Alpha Advisors LLC purchased a new stake in shares of TPG RE Finance Trust in the fourth quarter valued at about $43,000. McIlrath & Eck LLC bought a new stake in TPG RE Finance Trust in the 3rd quarter worth about $58,000. KLP Kapitalforvaltning AS purchased a new stake in TPG RE Finance Trust in the 4th quarter valued at about $75,000. Virtu Financial LLC bought a new position in shares of TPG RE Finance Trust during the 4th quarter worth approximately $85,000. Finally, Zacks Investment Management purchased a new position in shares of TPG RE Finance Trust in the 3rd quarter worth approximately $94,000. 57.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their price target on TPG RE Finance Trust from $9.50 to $8.50 and set an "overweight" rating for the company in a research 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 presently has a consensus rating of "Buy" and a consensus price target of $9.40.

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TPG RE Finance Trust Stock Performance

TRTX stock traded down $0.09 during mid-day trading on Friday, hitting $6.82. The company had a trading volume of 1,198,423 shares, compared to its average volume of 635,120. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81. The firm has a market cap of $552.04 million, a PE ratio of 9.09, a price-to-earnings-growth 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. The stock's fifty day moving average price is $8.23 and its two-hundred day moving average price is $8.50.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last posted 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 the consensus estimate of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. On average, 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 business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 14.09%. TPG RE Finance Trust's dividend payout ratio is currently 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.