Long Pond Capital LP Boosts Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Long Pond Capital LP raised its holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 117.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,303,626 shares of the company's stock after purchasing an additional 3,938,800 shares during the quarter. TPG RE Finance Trust accounts for approximately 3.1% of Long Pond Capital LP's investment portfolio, making the stock its 14th biggest position. Long Pond Capital LP owned about 9.02% of TPG RE Finance Trust worth $62,081,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Marshall Wace LLP lifted its holdings in TPG RE Finance Trust by 41.5% during the fourth quarter. Marshall Wace LLP now owns 251,525 shares of the company's stock worth $2,138,000 after acquiring an additional 73,809 shares during the period. Barclays PLC increased its holdings in TPG RE Finance Trust by 97.8% during the fourth quarter. Barclays PLC now owns 341,721 shares of the company's stock worth $2,905,000 after buying an additional 169,003 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of TPG RE Finance Trust by 22,298.5% during the 4th quarter. Sterling Capital Management LLC now owns 45,021 shares of the company's stock valued at $383,000 after buying an additional 44,820 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in TPG RE Finance Trust in the 4th quarter worth about $548,000. Finally, Renaissance Technologies LLC lifted its holdings in TPG RE Finance Trust by 58.8% during the fourth quarter. Renaissance Technologies LLC now owns 570,699 shares of the company's stock valued at $4,851,000 after purchasing an additional 211,205 shares during the last quarter. Institutional investors own 57.12% of the company's stock.

TPG RE Finance Trust Trading Up 2.5 %

Shares of TRTX traded up $0.18 during trading hours on Tuesday, reaching $7.27. 190,654 shares of the company traded hands, compared to its average volume of 714,137. The company's fifty day moving average price is $8.05 and its two-hundred day moving average price is $8.44. 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 capitalization of $584.00 million, a price-to-earnings ratio of 9.69, 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.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last posted its quarterly earnings data 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). 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 return on equity of 7.57% and a net margin of 21.79%. Equities research analysts predict 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. Stockholders of record on Friday, March 28th will be issued 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 13.21%. TPG RE Finance Trust's dividend payout ratio (DPR) is 128.00%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their price objective on TPG RE Finance Trust from $8.50 to $7.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th.

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.