Thrivent Financial for Lutherans Purchases New Shares in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Thrivent Financial for Lutherans acquired a new position in TPG RE Finance Trust, Inc. (NYSE:TRTX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 78,961 shares of the company’s stock, valued at approximately $672,000. Thrivent Financial for Lutherans owned approximately 0.10% of TPG RE Finance Trust as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. increased its holdings in shares of 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 during the period. Cerity Partners LLC increased its stake in TPG RE Finance Trust by 6.4% during the 3rd quarter. Cerity Partners LLC now owns 68,991 shares of the company’s stock worth $588,000 after acquiring an additional 4,158 shares during the period. Bank of New York Mellon Corp raised its holdings in TPG RE Finance Trust by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 181,368 shares of the company’s stock valued at $1,542,000 after acquiring an additional 4,468 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of TPG RE Finance Trust by 19.3% during the 4th quarter. SG Americas Securities LLC now owns 30,596 shares of the company’s stock valued at $260,000 after acquiring an additional 4,944 shares during the period. Finally, McIlrath & Eck LLC acquired a new stake in shares of TPG RE Finance Trust during the 3rd quarter worth $58,000. Institutional investors own 57.12% of the company’s stock.

Wall Street Analysts Forecast Growth

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

TPG RE Finance Trust Stock Down 0.1 %

NYSE TRTX opened at $8.14 on Thursday. The business has a fifty day moving average price of $8.46 and a two-hundred day moving average price of $8.60. The stock has a market capitalization of $659.37 million, a PE ratio of 10.85, a PEG ratio of 0.25 and a beta of 2.23. TPG RE Finance Trust, Inc. has a fifty-two week low of $6.99 and a fifty-two week high of $9.66. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $34.74 million for the quarter, compared to the consensus estimate of $27.98 million. Equities analysts expect that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be paid a $0.24 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.79%. TPG RE Finance Trust’s 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.