State Street Corp Grows Position in TPG RE Finance Trust Inc (NYSE:TRTX)

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State Street Corp boosted its stake in shares of TPG RE Finance Trust Inc (NYSE:TRTX) by 21.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,501,852 shares of the company’s stock after purchasing an additional 262,240 shares during the period. State Street Corp’s holdings in TPG RE Finance Trust were worth $8,245,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. APG Asset Management N.V. purchased a new position in TPG RE Finance Trust during the first quarter valued at $1,147,000. Two Sigma Advisers LP lifted its position in TPG RE Finance Trust by 44.3% during the first quarter. Two Sigma Advisers LP now owns 515,000 shares of the company’s stock valued at $2,827,000 after purchasing an additional 158,000 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of TPG RE Finance Trust by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 704,485 shares of the company’s stock valued at $14,279,000 after acquiring an additional 25,469 shares in the last quarter. Caxton Associates LP purchased a new position in shares of TPG RE Finance Trust in the first quarter valued at about $235,000. Finally, BNP Paribas Arbitrage SA lifted its position in shares of TPG RE Finance Trust by 25.7% in the first quarter. BNP Paribas Arbitrage SA now owns 17,993 shares of the company’s stock valued at $99,000 after acquiring an additional 3,681 shares in the last quarter. Institutional investors own 59.37% of the company’s stock.

Shares of TRTX stock opened at $8.68 on Friday. TPG RE Finance Trust Inc has a 12-month low of $2.45 and a 12-month high of $21.30. The company has a current ratio of 241.68, a quick ratio of 225.54 and a debt-to-equity ratio of 2.89. The stock’s 50-day moving average price is $8.27 and its 200-day moving average price is $11.36. The stock has a market capitalization of $666.28 million, a price-to-earnings ratio of -5.26 and a beta of 1.96.

TPG RE Finance Trust (NYSE:TRTX) last issued its earnings results on Wednesday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.30. TPG RE Finance Trust had a negative return on equity of 4.43% and a negative net margin of 38.46%. The firm had revenue of $44.31 million for the quarter, compared to analysts’ expectations of $35.58 million. As a group, research analysts predict that TPG RE Finance Trust Inc will post -1.57 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, June 26th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.80 annualized dividend and a yield of 9.22%. TPG RE Finance Trust’s payout ratio is currently 45.45%.

Several equities analysts have recently commented on the company. Raymond James boosted their price objective on TPG RE Finance Trust from $10.00 to $13.00 and gave the company an “outperform” rating in a research report on Thursday, June 11th. Wells Fargo & Co lowered their price objective on TPG RE Finance Trust from $22.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Citigroup boosted their price objective on TPG RE Finance Trust from $6.00 to $7.50 and gave the company a “neutral” rating in a research report on Monday, July 20th. Zacks Investment Research downgraded TPG RE Finance Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 14th. Finally, JMP Securities lowered their price objective on TPG RE Finance Trust from $21.00 to $8.00 and set an “outperform” rating on the stock in a research report on Monday, April 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $13.67.

TPG RE Finance Trust 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 North America. It invests in commercial mortgage loans; and subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments secured by properties primarily in the office, mixed use, multifamily, industrial, retail, and hospitality real estate sectors.

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Institutional Ownership by Quarter for TPG RE Finance Trust (NYSE:TRTX)

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