Summit Securities Group LLC Takes $961,000 Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Summit Securities Group LLC bought a new stake in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 113,100 shares of the company's stock, valued at approximately $961,000. Summit Securities Group LLC owned 0.14% of TPG RE Finance Trust at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Intech Investment Management LLC bought a new stake in TPG RE Finance Trust in the third quarter worth approximately $159,000. Cerity Partners LLC boosted its holdings in TPG RE Finance Trust by 6.4% in the third quarter. Cerity Partners LLC now owns 68,991 shares of the company's stock worth $588,000 after purchasing an additional 4,158 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in TPG RE Finance Trust during the third quarter worth $99,000. FMR LLC raised its holdings in TPG RE Finance Trust by 28.8% during the third quarter. FMR LLC now owns 259,209 shares of the company's stock valued at $2,211,000 after buying an additional 57,960 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of TPG RE Finance Trust in the third quarter worth about $184,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their price objective 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 data from MarketBeat, TPG RE Finance Trust currently has an average rating of "Buy" and an average target price of $9.40.

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TPG RE Finance Trust Stock Performance

TRTX stock traded down $0.11 during mid-day trading on Thursday, reaching $8.02. 275,200 shares of the stock traded hands, compared to its average volume of 608,309. 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 business has a 50-day moving average of $8.46 and a two-hundred day moving average of $8.60. The firm has a market capitalization of $649.65 million, a PE ratio of 10.69, a P/E/G ratio of 0.25 and a beta of 2.23. TPG RE Finance Trust, Inc. has a 52 week low of $6.99 and a 52 week high of $9.66.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last released its earnings results 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 business had revenue of $34.74 million during 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%. As a group, equities analysts predict that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 11.97%. The ex-dividend date of this dividend is Friday, March 28th. TPG RE Finance Trust's payout ratio is presently 128.00%.

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.