Marshall Wace LLP Increases Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Marshall Wace LLP grew its position in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 41.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 251,525 shares of the company's stock after acquiring an additional 73,809 shares during the period. Marshall Wace LLP owned about 0.31% of TPG RE Finance Trust worth $2,138,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stratos Wealth Partners LTD. boosted its holdings in TPG RE Finance Trust by 20.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company's stock valued at $131,000 after purchasing an additional 2,623 shares in the last quarter. Cerity Partners LLC grew its holdings in TPG RE Finance Trust by 4.1% during the fourth quarter. Cerity Partners LLC now owns 71,828 shares of the company's stock worth $611,000 after acquiring an additional 2,837 shares during the period. Legal & General Group Plc boosted its position in shares of TPG RE Finance Trust by 7.2% during the 4th quarter. Legal & General Group Plc now owns 57,095 shares of the company's stock worth $485,000 after purchasing an additional 3,812 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of TPG RE Finance Trust by 2.5% during the 4th quarter. Bank of New York Mellon Corp now owns 181,368 shares of the company's stock worth $1,542,000 after purchasing an additional 4,468 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of TPG RE Finance Trust by 19.3% in the 4th quarter. SG Americas Securities LLC now owns 30,596 shares of the company's stock valued at $260,000 after purchasing an additional 4,944 shares in the last quarter. 57.12% of the stock is currently owned by institutional investors and hedge funds.

TPG RE Finance Trust Trading Down 0.7 %

NYSE:TRTX opened at $7.22 on Monday. The company has a market capitalization of $580.38 million, a PE ratio of 9.63, a price-to-earnings-growth 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 stock has a fifty day simple moving average of $7.94 and a 200-day simple moving average of $8.41. The company has a quick ratio of 152.83, a current ratio of 156.81 and a debt-to-equity ratio of 2.14.

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). TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. The business had revenue of $34.74 million during the quarter, compared to analysts' expectations of $27.98 million. On average, equities research analysts expect 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 declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 13.30%. TPG RE Finance Trust's dividend payout ratio (DPR) is 128.00%.

Wall Street Analyst Weigh In

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

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.

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