Condor Capital Management Buys 163,934 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Condor Capital Management boosted its holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 59.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 438,548 shares of the company's stock after purchasing an additional 163,934 shares during the period. Condor Capital Management owned about 0.54% of TPG RE Finance Trust worth $3,728,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. increased its stake in shares of TPG RE Finance Trust by 88.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 5,847 shares of the company's stock worth $50,000 after purchasing an additional 2,742 shares during the last quarter. McIlrath & Eck LLC purchased a new stake in TPG RE Finance Trust in the third quarter worth $58,000. Zacks Investment Management bought a new stake in shares of TPG RE Finance Trust in the third quarter valued at $94,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of TPG RE Finance Trust during the 3rd quarter valued at $99,000. Finally, Stratos Wealth Partners LTD. grew its stake in shares of TPG RE Finance Trust by 20.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company's stock worth $131,000 after acquiring an additional 2,623 shares during the period. Institutional investors own 57.12% of the company's stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their price objective on TPG RE Finance Trust from $9.50 to $8.50 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, TPG RE Finance Trust currently has a consensus rating of "Buy" and a consensus price target of $9.40.

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TPG RE Finance Trust Price Performance

TRTX traded up $0.08 during trading on Monday, reaching $8.53. 458,537 shares of the company were exchanged, compared to its average volume of 580,985. 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 company has a market cap of $690.56 million, a price-to-earnings ratio of 11.37, a P/E/G ratio of 0.25 and a beta of 2.23. TPG RE Finance Trust, Inc. has a 12-month low of $6.99 and a 12-month high of $9.66. The company's 50-day moving average is $8.49 and its two-hundred day moving average is $8.63.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last released 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 firm had revenue of $34.74 million during the quarter, compared to the consensus estimate of $27.98 million. TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. Research analysts forecast that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.26%. TPG RE Finance Trust's dividend payout ratio (DPR) 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.