Sterling Capital Management LLC Raises Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Sterling Capital Management LLC boosted its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 22,298.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,021 shares of the company’s stock after buying an additional 44,820 shares during the quarter. Sterling Capital Management LLC owned 0.06% of TPG RE Finance Trust worth $383,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Jane Street Group LLC lifted its holdings in shares of TPG RE Finance Trust by 29.2% in the 3rd quarter. Jane Street Group LLC now owns 176,298 shares of the company’s stock valued at $1,504,000 after buying an additional 39,834 shares during the period. Barclays PLC raised its position in TPG RE Finance Trust by 385.9% during the third quarter. Barclays PLC now owns 172,718 shares of the company’s stock valued at $1,472,000 after acquiring an additional 137,171 shares in the last quarter. Geode Capital Management LLC lifted its holdings in TPG RE Finance Trust by 6.5% in the third quarter. Geode Capital Management LLC now owns 1,456,883 shares of the company’s stock valued at $12,430,000 after acquiring an additional 88,592 shares during the period. McIlrath & Eck LLC purchased a new stake in TPG RE Finance Trust in the 3rd quarter worth approximately $58,000. Finally, Franklin Resources Inc. grew its stake in shares of TPG RE Finance Trust by 112.5% during the 3rd quarter. Franklin Resources Inc. now owns 156,444 shares of the company’s stock worth $1,308,000 after purchasing an additional 82,817 shares during the period. 57.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

TPG RE Finance Trust Stock Performance

Shares of TRTX stock opened at $7.16 on Friday. The company has a market capitalization of $575.24 million, a P/E ratio of 9.54, a P/E/G ratio of 0.25 and a beta of 1.78. TPG RE Finance Trust, Inc. has a 12-month low of $6.47 and a 12-month high of $9.66. The business’s 50 day moving average is $8.08 and its two-hundred day moving average is $8.45. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). The company had revenue of $34.74 million during the quarter, compared to analyst estimates of $27.98 million. TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. Analysts expect that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 13.42%. TPG RE Finance Trust’s dividend payout ratio is currently 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.