657,384 Shares in TPG RE Finance Trust, Inc. (NYSE:TRTX) Acquired by Van ECK Associates Corp

Van ECK Associates Corp bought a new position in TPG RE Finance Trust, Inc. (NYSE:TRTX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 657,384 shares of the company’s stock, valued at approximately $5,588,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in TPG RE Finance Trust by 94.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,932 shares of the company’s stock worth $1,330,000 after purchasing an additional 75,671 shares during the last quarter. Barclays PLC lifted its holdings in shares of TPG RE Finance Trust by 385.9% during the third quarter. Barclays PLC now owns 172,718 shares of the company’s stock worth $1,472,000 after buying an additional 137,171 shares during the last quarter. Summit Global Investments bought a new stake in TPG RE Finance Trust in the third quarter valued at $585,000. Geode Capital Management LLC grew its position 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. Finally, Kovitz Investment Group Partners LLC bought a new stake in TPG RE Finance Trust in the third quarter valued at $2,328,000. 57.12% of the stock is currently owned by institutional investors and hedge funds.

TPG RE Finance Trust Price Performance

TPG RE Finance Trust stock opened at $8.73 on Wednesday. The firm has a market capitalization of $706.11 million, a P/E ratio of 12.65, a PEG ratio of 0.27 and a beta of 2.16. TPG RE Finance Trust, Inc. has a 1 year low of $5.40 and a 1 year high of $9.66. The business has a 50-day moving average of $8.57 and a 200-day moving average of $8.65. The company has a current ratio of 152.83, a quick ratio of 152.83 and a debt-to-equity ratio of 2.03.

TPG RE Finance Trust (NYSE:TRTX) last posted its earnings results 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%. On average, equities analysts anticipate that TPG RE Finance Trust, Inc. will post 1.08 EPS for the current year.

TPG RE Finance Trust Dividend Announcement

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

Analysts Set New Price Targets

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