2 weeks Ago By Defense World Staff
Cerity Partners LLC grew its stake in TPG RE Finance Trust, Inc. ( NYSE:TRTX – Free Report ) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The institutional investor owned 71,828 shares of the company’s stock after buying an additional 2,837 shares during the period. Cerity Partners LLC owned 0.09% of TPG RE Finance Trust worth $611,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. New Age Alpha Advisors LLC acquired a new stake in shares of TPG RE Finance Trust during the fourth quarter worth $43,000. McIlrath & Eck LLC purchased a new position in TPG RE Finance Trust during the 3rd quarter worth $58,000.
KLP Kapitalforvaltning AS acquired a new stake in shares of TPG RE Finance Trust in the 4th quarter worth $75,000. Virtu Financial LLC acquired a new position in shares of TPG RE Finance Trust during the fourth quarter worth about $85,000. Finally, Stratos Wealth Partners LTD.
raised its holdings in TPG RE Finance Trust by 20.4% during the fourth 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 in the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In Separately, JPMorgan Chase & Co. dropped their target price on TPG RE Finance Trust from $8.50 to $7.
00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. TPG RE Finance Trust Price Performance Shares of NYSE TRTX opened at $7.16 on Monday.
The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.
81. TPG RE Finance Trust, Inc. has a one year low of $6.
47 and a one year high of $9.66. The firm has a market capitalization of $575.
24 million, a P/E ratio of 9.54, a PEG ratio of 0.25 and a beta of 1.
78. The company’s fifty day moving average is $8.08 and its two-hundred day moving average is $8.
45. TPG RE Finance Trust ( NYSE:TRTX – Get Free Report ) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.
08 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18).
TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%.
The company had revenue of $34.74 million for the quarter, compared to analysts’ expectations of $27.98 million.
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 company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be issued a $0.24 dividend.
This represents a $0.96 dividend on an annualized basis and a dividend yield of 13.42%.
The ex-dividend date of this dividend is Friday, March 28th. TPG RE Finance Trust’s dividend payout ratio is currently 128.00%.
About TPG RE Finance Trust ( Free Report ) 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. Recommended Stories Five stocks we like better than TPG RE Finance Trust Diversification Can Smooth Returns And Mitigate Portfolio Risk With a 60%+ Upside, There’s Plenty to Love About Lovesac The Role Economic Reports Play in a Successful Investment Strategy J.
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