Y Intercept Hong Kong Ltd Cuts Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Y Intercept Hong Kong Ltd decreased its stake in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 63.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,641 shares of the company's stock after selling 89,070 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.06% of TPG RE Finance Trust worth $430,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Wolverine Asset Management LLC bought a new position in TPG RE Finance Trust during the fourth quarter valued at $2,287,000. Van ECK Associates Corp bought a new position in TPG RE Finance Trust during the 4th quarter valued at about $5,588,000. Stratos Wealth Partners LTD. raised its position 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 worth $131,000 after purchasing an additional 2,623 shares during the period. Golden State Equity Partners lifted its stake in TPG RE Finance Trust by 375.7% in the fourth quarter. Golden State Equity Partners now owns 105,045 shares of the company's stock worth $893,000 after purchasing an additional 82,964 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake 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 worth $260,000 after purchasing an additional 4,944 shares during the last quarter. Institutional investors own 57.12% of the company's stock.

Analyst Ratings Changes

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

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TPG RE Finance Trust Stock Down 0.9 %

Shares of NYSE:TRTX traded down $0.08 during trading hours on Thursday, hitting $8.41. The company's stock had a trading volume of 174,176 shares, compared to its average volume of 575,911. The firm's fifty day moving average price is $8.49 and its 200 day moving average price is $8.66. TPG RE Finance Trust, Inc. has a 52 week low of $6.99 and a 52 week high of $9.66. The company has a market capitalization of $680.84 million, a price-to-earnings ratio of 11.20, a P/E/G ratio of 0.25 and a beta of 2.23. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last announced 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 company had revenue of $34.74 million for the quarter, compared to the consensus estimate 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, research analysts expect that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current year.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, December 27th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.96 annualized dividend and a yield of 11.42%. TPG RE Finance Trust's dividend payout ratio (DPR) is presently 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.