Vanguard Group Inc. Increases Stock Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Vanguard Group Inc. boosted its position in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,939,620 shares of the company's stock after purchasing an additional 63,529 shares during the period. Vanguard Group Inc. owned about 6.10% of TPG RE Finance Trust worth $41,987,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. McIlrath & Eck LLC purchased a new position in shares of TPG RE Finance Trust during the 3rd quarter valued at $58,000. KLP Kapitalforvaltning AS purchased a new position in shares of TPG RE Finance Trust in the fourth quarter worth about $75,000. Virtu Financial LLC purchased a new position in shares of TPG RE Finance Trust in the fourth quarter worth about $85,000. Stratos Wealth Partners LTD. raised its position in shares of 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. Finally, Wealthfront Advisers LLC purchased a new stake in shares of TPG RE Finance Trust during the 4th quarter valued at approximately $134,000. 57.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price objective on shares of TPG RE Finance Trust from $9.50 to $8.50 and set an "overweight" rating for the company in a research note on Tuesday, January 21st.

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TPG RE Finance Trust Price Performance

TRTX stock traded up $0.03 during mid-day trading on Tuesday, reaching $7.06. 607,958 shares of the company traded hands, compared to its average volume of 637,276. TPG RE Finance Trust, Inc. has a 52-week low of $6.47 and a 52-week high of $9.66. The company has a market capitalization of $571.48 million, a P/E ratio of 9.41, a P/E/G ratio of 0.25 and a beta of 1.78. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. The company has a fifty day moving average price of $8.20 and a 200-day moving average price of $8.49.

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 (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.18). The firm had revenue of $34.74 million during the quarter, compared to analysts' expectations of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. As a group, analysts anticipate that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Announces Dividend

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. This represents a $0.96 annualized dividend and a yield of 13.61%. The ex-dividend date is Friday, March 28th. TPG RE Finance Trust's dividend payout ratio is 128.00%.

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.