Van ECK Associates Corp Acquires New Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Van ECK Associates Corp acquired a new stake in TPG RE Finance Trust, Inc. (NYSE:TRTX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 657,384 shares of the company’s stock, valued at approximately $5,588,000. Van ECK Associates Corp owned about 0.81% of TPG RE Finance Trust at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TRTX. Citigroup Inc. boosted its position in shares of TPG RE Finance Trust by 1.3% in the third quarter. Citigroup Inc. now owns 1,901,741 shares of the company’s stock worth $16,222,000 after acquiring an additional 25,115 shares during the last quarter. Geode Capital Management LLC raised 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 buying an additional 88,592 shares during the period. Two Sigma Advisers LP raised its holdings in TPG RE Finance Trust by 162.0% in the third quarter. Two Sigma Advisers LP now owns 1,282,500 shares of the company’s stock valued at $10,940,000 after buying an additional 793,000 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in TPG RE Finance Trust in the third quarter valued at approximately $2,328,000. Finally, Segall Bryant & Hamill LLC purchased a new position in TPG RE Finance Trust in the third quarter valued at approximately $2,318,000. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Price Performance

Shares of NYSE TRTX opened at $8.73 on Wednesday. The company has a quick ratio of 152.83, a current ratio of 152.83 and a debt-to-equity ratio of 2.03. The firm’s 50-day simple moving average is $8.57 and its 200 day simple moving average is $8.65. TPG RE Finance Trust, Inc. has a fifty-two week low of $5.40 and a fifty-two week high of $9.66. The stock has a market cap of $706.11 million, a P/E ratio of 12.65, a P/E/G ratio of 0.27 and a beta of 2.16.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.18). TPG RE Finance Trust had a negative return on equity of 7.50% and a net margin of 19.65%. Equities analysts expect that TPG RE Finance Trust, Inc. will post 1.08 EPS for the current year.

TPG RE Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, December 27th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.96 annualized dividend and a yield of 11.00%. TPG RE Finance Trust’s payout ratio is presently 139.13%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their price objective on shares of TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating for the company in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat, TPG RE Finance Trust has a consensus rating of “Moderate Buy” and an average target price of $8.92.

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.