Thrivent Financial for Lutherans Invests $672,000 in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Thrivent Financial for Lutherans bought a new stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 78,961 shares of the company's stock, valued at approximately $672,000. Thrivent Financial for Lutherans owned about 0.10% of TPG RE Finance Trust at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. McIlrath & Eck LLC acquired a new stake in shares of TPG RE Finance Trust during the 3rd quarter worth approximately $58,000. Zacks Investment Management acquired a new stake in TPG RE Finance Trust during the third quarter worth $94,000. Dynamic Technology Lab Private Ltd acquired a new stake in TPG RE Finance Trust during the third quarter worth $99,000. Stratos Wealth Partners LTD. increased 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 buying an additional 2,623 shares during the period. Finally, Wealthfront Advisers LLC acquired a new position in shares of TPG RE Finance Trust in the 4th quarter valued at $134,000. 57.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their target price on shares of TPG RE Finance Trust from $9.50 to $8.50 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $9.40.

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TPG RE Finance Trust Price Performance

NYSE:TRTX traded down $0.52 during trading hours on Monday, reaching $7.01. The company had a trading volume of 2,206,720 shares, compared to its average volume of 616,897. 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 stock has a 50-day moving average of $8.40 and a two-hundred day moving average of $8.57. TPG RE Finance Trust, Inc. has a one year low of $6.97 and a one year high of $9.66. The firm has a market capitalization of $567.43 million, a PE ratio of 9.34, a PEG ratio of 0.25 and a beta of 1.78.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.18). TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. The firm had revenue of $34.74 million during the quarter, compared to the consensus estimate of $27.98 million. Analysts forecast that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 13.70%. The ex-dividend date of this dividend is Friday, March 28th. TPG RE Finance Trust's payout ratio is 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.