TPG RE Finance Trust, Inc. $TRTX Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its stake in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 318.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,659 shares of the company’s stock after buying an additional 103,986 shares during the period. Y Intercept Hong Kong Ltd’s holdings in TPG RE Finance Trust were worth $1,067,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Kemnay Advisory Services Inc. purchased a new stake in shares of TPG RE Finance Trust in the 4th quarter valued at about $30,000. Kestra Advisory Services LLC purchased a new position in TPG RE Finance Trust during the 4th quarter worth approximately $30,000. Russell Investments Group Ltd. increased its position in TPG RE Finance Trust by 2,454.1% during the third quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock worth $51,000 after buying an additional 5,718 shares during the period. BNP Paribas Financial Markets increased its position in TPG RE Finance Trust by 86.6% during the second quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock worth $50,000 after buying an additional 3,013 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in TPG RE Finance Trust by 249.1% in the second quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock valued at $53,000 after buying an additional 4,865 shares during the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.

TPG RE Finance Trust Stock Performance

Shares of TRTX stock traded up $0.12 during midday trading on Friday, hitting $8.53. The company had a trading volume of 798,803 shares, compared to its average volume of 693,142. The company’s 50 day simple moving average is $8.43 and its 200 day simple moving average is $8.50. TPG RE Finance Trust, Inc. has a 52-week low of $7.57 and a 52-week high of $9.85. The stock has a market cap of $659.07 million, a price-to-earnings ratio of 13.53, a PEG ratio of 1.74 and a beta of 1.40. The company has a debt-to-equity ratio of 3.11, a current ratio of 201.40 and a quick ratio of 201.40.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. TPG RE Finance Trust had a return on equity of 6.91% and a net margin of 19.38%.The business had revenue of $37.31 million during the quarter, compared to analysts’ expectations of $37.15 million. Research analysts anticipate that TPG RE Finance Trust, Inc. will post 0.93 earnings per share for the current fiscal year.

TPG RE Finance Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, June 26th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 11.3%. The ex-dividend date is Friday, June 26th. TPG RE Finance Trust’s dividend payout ratio (DPR) is 152.38%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TRTX shares. Weiss Ratings reissued a “hold (c)” rating on shares of TPG RE Finance Trust in a report on Friday, May 22nd. JPMorgan Chase & Co. cut their target price on shares of TPG RE Finance Trust from $10.50 to $9.50 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Citigroup reiterated a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Tuesday, June 9th. Finally, Zacks Research raised shares of TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $9.83.

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.