1 week Ago By Defense World Staff
Arrowstreet Capital Limited Partnership grew its holdings in shares of TPG RE Finance Trust, Inc. ( NYSE:TRTX – Free Report ) by 90.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC.
The fund owned 1,019,924 shares of the company’s stock after buying an additional 485,690 shares during the quarter. Arrowstreet Capital Limited Partnership owned 1.26% of TPG RE Finance Trust worth $8,669,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of TRTX. Two Sigma Advisers LP grew its stake in TPG RE Finance Trust by 162.0% in the 3rd quarter.
Two Sigma Advisers LP now owns 1,282,500 shares of the company’s stock worth $10,940,000 after acquiring an additional 793,000 shares in the last quarter. Van ECK Associates Corp bought a new position in TPG RE Finance Trust in the fourth quarter worth approximately $5,588,000. Kovitz Investment Group Partners LLC purchased a new position in TPG RE Finance Trust during the 3rd quarter worth $2,328,000.
Wolverine Asset Management LLC bought a new stake in TPG RE Finance Trust during the 4th quarter valued at $2,287,000. Finally, Prudential Financial Inc. purchased a new stake in shares of TPG RE Finance Trust in the 4th quarter worth $1,526,000.
57.12% of the stock is currently owned by hedge funds and other institutional investors. Analysts Set New Price Targets Separately, JPMorgan Chase & Co.
cut 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 note on Tuesday, January 21st.
Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $9.40.
TPG RE Finance Trust Stock Down 4.4 % Shares of NYSE TRTX opened at $7.52 on Monday.
TPG RE Finance Trust, Inc. has a 12-month low of $6.99 and a 12-month high of $9.
66. The stock’s fifty day simple moving average is $8.43 and its two-hundred day simple moving average is $8.
58. The stock has a market capitalization of $609.39 million, a PE ratio of 10.
03, a price-to-earnings-growth ratio of 0.25 and a beta of 1.78.
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 – Get Free Report ) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.
08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18).
The company had revenue of $34.74 million for the quarter, compared to the consensus estimate of $27.98 million.
TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%.
As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be paid a dividend of $0.24 per share.
The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 12.
76%. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 128.00%.
TPG RE Finance Trust Profile ( Free Report ) 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. Read More Five stocks we like better than TPG RE Finance Trust 5 discounted opportunities for dividend growth investors Newsmax’s IPO Whiplash: Meme Stock Hype or Growth Potential? Energy and Oil Stocks Explained Disney 2025 Shareholders: Major Updates for Investors How to Know Which Cryptocurrency to Buy: A Guide for Investors Advance Auto Parts Stock: A Classic Rebound Play in the Making Receive News & Ratings for TPG RE Finance Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPG RE Finance Trust and related companies with MarketBeat.
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