TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its position in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 58.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 570,699 shares of the company's stock after purchasing an additional 211,205 shares during the quarter. Renaissance Technologies LLC owned about 0.71% of TPG RE Finance Trust worth $4,851,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRTX. Stratos Wealth Partners LTD. grew its holdings in TPG RE Finance Trust by 20.4% in the fourth 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 during the period. Cerity Partners LLC lifted its position 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 valued at $611,000 after buying an additional 2,837 shares in the last quarter. Legal & General Group Plc grew its stake in TPG RE Finance Trust by 7.2% during the fourth quarter. Legal & General Group Plc now owns 57,095 shares of the company's stock worth $485,000 after buying an additional 3,812 shares during the period. Bank of New York Mellon Corp lifted its holdings 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 valued at $1,542,000 after acquiring an additional 4,468 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in TPG RE Finance Trust by 19.3% in the fourth 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 during the period. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their target price on 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 Stock Down 0.9 %

TRTX stock traded down $0.07 during mid-day trading on Friday, hitting $7.21. 502,169 shares of the company were exchanged, compared to its average volume of 640,470. The company has a market capitalization of $579.17 million, a PE ratio of 9.59, a price-to-earnings-growth ratio of 0.25 and a beta of 1.78. The firm has a fifty day simple moving average of $7.97 and a 200 day simple moving average of $8.42. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14. TPG RE Finance Trust, Inc. has a twelve month low of $6.47 and a twelve month high of $9.66.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last posted 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 firm had revenue of $34.74 million for the quarter, compared to analyst estimates 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, 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors 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 annualized dividend and a yield of 13.32%. TPG RE Finance Trust's dividend payout ratio (DPR) 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.