TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Sold by AlphaQuest LLC

AlphaQuest LLC reduced its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 84.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,410 shares of the company’s stock after selling 18,570 shares during the quarter. AlphaQuest LLC’s holdings in TPG RE Finance Trust were worth $29,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in TRTX. McIlrath & Eck LLC acquired a new position in shares of TPG RE Finance Trust during the 3rd quarter worth about $58,000. Zacks Investment Management acquired a new position in shares of TPG RE Finance Trust during the 3rd quarter worth about $94,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of TPG RE Finance Trust during the 3rd quarter worth about $99,000. Stratos Wealth Partners LTD. boosted its position in shares of 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 acquiring an additional 2,623 shares in the last quarter. Finally, Quarry LP boosted its position in shares of TPG RE Finance Trust by 139.1% during the 3rd quarter. Quarry LP now owns 17,602 shares of the company’s stock worth $150,000 after acquiring an additional 10,239 shares in the last quarter. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Stock Down 0.8 %

Shares of NYSE TRTX opened at $8.44 on Friday. The stock has a market cap of $683.27 million, a PE ratio of 11.25, a price-to-earnings-growth ratio of 0.25 and a beta of 2.23. The company has a quick ratio of 152.83, a current ratio of 156.81 and a debt-to-equity ratio of 2.14. TPG RE Finance Trust, Inc. has a 52-week low of $6.99 and a 52-week high of $9.66. The business has a 50-day moving average price of $8.49 and a 200 day moving average price of $8.63.

TPG RE Finance Trust (NYSE:TRTX) last announced its 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 firm 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%. Equities research analysts forecast that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be given 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 dividend yield of 11.38%. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 128.00%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their price objective on TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, TPG RE Finance Trust presently has an average rating of “Buy” and an average target price of $9.40.

TPG RE Finance Trust Company Profile

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.