Prudential Financial Inc. Purchases Shares of 179,520 TPG RE Finance Trust, Inc. (NYSE:TRTX)

Prudential Financial Inc. bought a new position in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 179,520 shares of the company's stock, valued at approximately $1,526,000. Prudential Financial Inc. owned about 0.22% of TPG RE Finance Trust as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TRTX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in TPG RE Finance Trust by 94.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,932 shares of the company's stock valued at $1,330,000 after purchasing an additional 75,671 shares during the last quarter. Barclays PLC raised its holdings in TPG RE Finance Trust by 385.9% during the third quarter. Barclays PLC now owns 172,718 shares of the company's stock valued at $1,472,000 after buying an additional 137,171 shares in the last quarter. Geode Capital Management LLC raised its holdings in TPG RE Finance Trust by 6.5% during the third quarter. Geode Capital Management LLC now owns 1,456,883 shares of the company's stock valued at $12,430,000 after buying an additional 88,592 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of TPG RE Finance Trust in the third quarter worth about $2,328,000. Finally, Jane Street Group LLC increased its stake in shares of 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 worth $1,504,000 after purchasing an additional 39,834 shares during the period. 57.12% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their price target 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 investment analysts have rated the stock with a buy rating, According to MarketBeat.com, TPG RE Finance Trust currently has an average rating of "Buy" and a consensus target price of $9.40.

TPG RE Finance Trust Trading Down 4.5 %

NYSE:TRTX traded down $0.32 during trading hours on Thursday, hitting $6.86. 110,348 shares of the stock were exchanged, compared to its average volume of 627,877. The company's 50 day moving average is $8.29 and its two-hundred day moving average is $8.52. TPG RE Finance Trust, Inc. has a twelve month low of $5.31 and a twelve month 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 company has a market capitalization of $555.69 million, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 0.25 and a beta of 1.78.

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%. On average, sell-side analysts anticipate 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 13.99%. TPG RE Finance Trust's dividend payout ratio is 128.00%.

TPG RE Finance Trust 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.