TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Acquired by Long Pond Capital LP

Long Pond Capital LP increased its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 117.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,303,626 shares of the company’s stock after purchasing an additional 3,938,800 shares during the period. TPG RE Finance Trust accounts for 3.1% of Long Pond Capital LP’s investment portfolio, making the stock its 14th largest holding. Long Pond Capital LP owned 0.09% of TPG RE Finance Trust worth $62,081,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TRTX. New Age Alpha Advisors LLC acquired a new position in shares of TPG RE Finance Trust in the fourth quarter valued at approximately $43,000. McIlrath & Eck LLC purchased a new position in TPG RE Finance Trust in the 3rd quarter valued at $58,000. KLP Kapitalforvaltning AS acquired a new position in TPG RE Finance Trust in the 4th quarter valued at $75,000. Virtu Financial LLC purchased a new position in TPG RE Finance Trust during the 4th quarter worth $85,000. Finally, Stratos Wealth Partners LTD. raised its position in TPG RE Finance Trust by 20.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company’s stock worth $131,000 after buying an additional 2,623 shares during the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their target price on shares of TPG RE Finance Trust from $8.50 to $7.00 and set an “overweight” rating on the stock in a report on Wednesday.

TPG RE Finance Trust Trading Up 0.1 %

Shares of TRTX stock opened at $7.07 on Thursday. The business’s fifty day moving average price is $8.13 and its 200 day moving average price is $8.47. The firm has a market capitalization of $572.70 million, a PE ratio of 9.43, 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. TPG RE Finance Trust, Inc. has a 1-year low of $6.47 and a 1-year high of $9.66.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). The company had revenue of $34.74 million for the quarter, compared to analyst estimates 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, sell-side analysts forecast 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. Shareholders of record on Friday, March 28th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a yield of 13.58%. 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.