Renaissance Technologies LLC Raises Stock Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Renaissance Technologies LLC boosted its position in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 58.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 570,699 shares of the company's stock after purchasing an additional 211,205 shares during the period. Renaissance Technologies LLC owned about 0.71% of TPG RE Finance Trust worth $4,851,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TRTX. Vanguard Group Inc. raised its stake in shares of TPG RE Finance Trust by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 4,939,620 shares of the company's stock worth $41,987,000 after buying an additional 63,529 shares during the period. Geode Capital Management LLC increased its stake in TPG RE Finance Trust by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,464,001 shares of the company's stock worth $12,447,000 after buying an additional 7,118 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of TPG RE Finance Trust by 90.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,019,924 shares of the company's stock valued at $8,669,000 after acquiring an additional 485,690 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of TPG RE Finance Trust during the fourth quarter worth about $5,983,000. Finally, Van ECK Associates Corp purchased a new position in TPG RE Finance Trust in the 4th quarter worth approximately $5,588,000. Hedge funds and other institutional investors own 57.12% of the company's stock.

TPG RE Finance Trust Price Performance

Shares of NYSE:TRTX traded down $0.05 on Friday, reaching $7.22. The company's stock had a trading volume of 752,081 shares, compared to its average volume of 642,074. The company has a 50-day simple moving average of $7.94 and a 200 day simple moving average of $8.41. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81. The company has a market cap of $580.38 million, a P/E ratio of 9.63, a PEG 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.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last issued 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 company had revenue of $34.74 million for the quarter, compared to analysts' expectations of $27.98 million. TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. As a group, equities research analysts anticipate that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 28th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 13.30%. The ex-dividend date was Friday, March 28th. TPG RE Finance Trust's dividend payout ratio (DPR) is 128.00%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their price target 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.

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.