ExodusPoint Capital Management LP Has $1.08 Million Stock Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

ExodusPoint Capital Management LP boosted its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 77.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 127,418 shares of the company's stock after buying an additional 55,666 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.16% of TPG RE Finance Trust worth $1,083,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TRTX. FMR LLC grew its position in shares of TPG RE Finance Trust by 28.8% during the 3rd quarter. FMR LLC now owns 259,209 shares of the company's stock worth $2,211,000 after buying an additional 57,960 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of TPG RE Finance Trust by 94.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,932 shares of the company's stock worth $1,330,000 after purchasing an additional 75,671 shares during the last quarter. Quadrature Capital Ltd grew its stake in shares of TPG RE Finance Trust by 71.8% during the third 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 period. Jane Street Group LLC increased its holdings in TPG RE Finance Trust by 29.2% in the third quarter. Jane Street Group LLC now owns 176,298 shares of the company's stock valued at $1,504,000 after purchasing an additional 39,834 shares during the last quarter. Finally, Zacks Investment Management bought a new stake in TPG RE Finance Trust in the third quarter valued at about $94,000. Institutional investors and hedge funds own 57.12% of the company's stock.

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TPG RE Finance Trust Trading Up 0.5 %

Shares of TRTX traded up $0.04 during trading hours on Wednesday, reaching $7.10. The stock had a trading volume of 101,628 shares, compared to its average volume of 719,122. The company has a market cap of $574.72 million, a P/E ratio of 9.46, a P/E/G ratio of 0.25 and a beta of 1.78. TPG RE Finance Trust, Inc. has a 52 week low of $6.47 and a 52 week high of $9.66. 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 50-day moving average of $8.16 and a 200 day moving average of $8.48.

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 the consensus estimate of $0.26 by ($0.18). The business 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, sell-side analysts expect 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 disclosed 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 dividend on an annualized basis and a dividend yield of 13.53%. TPG RE Finance Trust's payout ratio is presently 128.00%.

Analyst Upgrades and Downgrades

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

About TPG RE Finance Trust

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.