TPG RE Finance Trust, Inc. $TRTX Shares Acquired by UBS Group AG

UBS Group AG grew its stake in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 34.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 451,997 shares of the company’s stock after purchasing an additional 115,787 shares during the quarter. UBS Group AG’s holdings in TPG RE Finance Trust were worth $3,892,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of New Jersey Common Pension Fund A acquired a new stake in TPG RE Finance Trust during the third quarter worth about $26,957,000. Redhawk Wealth Advisors Inc. acquired a new stake in TPG RE Finance Trust during the fourth quarter worth about $855,000. Centiva Capital LP raised its stake in TPG RE Finance Trust by 13.4% during the third quarter. Centiva Capital LP now owns 31,432 shares of the company’s stock worth $269,000 after acquiring an additional 3,714 shares during the period. Condor Capital Management raised its stake in TPG RE Finance Trust by 6.6% during the third quarter. Condor Capital Management now owns 661,623 shares of the company’s stock worth $5,663,000 after acquiring an additional 41,084 shares during the period. Finally, AlphaQuest LLC raised its stake in TPG RE Finance Trust by 5,600,000.0% during the third quarter. AlphaQuest LLC now owns 56,001 shares of the company’s stock worth $479,000 after acquiring an additional 56,000 shares during the period. Institutional investors and hedge funds own 57.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TRTX shares. Weiss Ratings lowered shares of TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 9th. Wells Fargo & Company dropped their price objective on shares of TPG RE Finance Trust from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. JPMorgan Chase & Co. dropped their price objective on shares of TPG RE Finance Trust from $10.50 to $9.50 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Citigroup upgraded shares of TPG RE Finance Trust from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 12th. Finally, Citizens Jmp upgraded shares of TPG RE Finance Trust from a “market perform” rating to an “outperform” rating and set a $10.00 price objective on the stock in a research note on Thursday, March 12th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.83.

TPG RE Finance Trust Price Performance

Shares of NYSE:TRTX opened at $8.30 on Friday. The firm’s 50 day moving average is $8.15 and its two-hundred day moving average is $8.63. TPG RE Finance Trust, Inc. has a 52 week low of $7.46 and a 52 week high of $9.85. The firm has a market capitalization of $641.29 million, a P/E ratio of 13.17, a PEG ratio of 1.42 and a beta of 1.44. The company has a current ratio of 201.40, a quick ratio of 201.40 and a debt-to-equity ratio of 3.11.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. TPG RE Finance Trust had a net margin of 19.38% and a return on equity of 6.91%. The company had revenue of $37.31 million for the quarter, compared to analyst estimates of $37.15 million. Analysts anticipate that TPG RE Finance Trust, Inc. will post 0.94 earnings per share for the current year.

TPG RE Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, March 27th were paid a $0.24 dividend. The ex-dividend date was Friday, March 27th. This represents a $0.96 annualized dividend and a dividend yield of 11.6%. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 152.38%.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.