2 weeks Ago By Defense World Staff
Prudential Financial Inc. purchased a new position in shares of TPG RE Finance Trust, Inc. ( NYSE:TRTX – Free Report ) in the 4th quarter, according to the company in its most recent 13F filing with the SEC.
The firm purchased 179,520 shares of the company’s stock, valued at approximately $1,526,000. Prudential Financial Inc. owned about 0.
22% of TPG RE Finance Trust as of its most recent filing with the SEC. A number of other hedge funds and other institutional investors have also recently modified their holdings of TRTX. McIlrath & Eck LLC bought a new position in TPG RE Finance Trust during the third quarter worth $58,000.
KLP Kapitalforvaltning AS acquired a new stake in TPG RE Finance Trust during the 4th quarter worth about $75,000. Virtu Financial LLC bought a new position in shares of TPG RE Finance Trust in the 4th quarter worth about $85,000. Zacks Investment Management bought a new position in shares of TPG RE Finance Trust in the 3rd quarter worth about $94,000.
Finally, Stratos Wealth Partners LTD. lifted its stake in shares of TPG RE Finance Trust by 20.4% in the 4th quarter.
Stratos Wealth Partners LTD. now owns 15,456 shares of the company’s stock valued at $131,000 after purchasing an additional 2,623 shares during the period. Institutional investors and hedge funds own 57.
12% of the company’s stock. Analysts Set New Price Targets Separately, JPMorgan Chase & Co. lowered their target price on 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. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $9.
40. TPG RE Finance Trust Stock Performance Shares of TPG RE Finance Trust stock opened at $7.52 on Friday.
The business has a 50-day simple moving average of $8.43 and a 200 day simple moving average of $8.58.
TPG RE Finance Trust, Inc. has a one year low of $6.99 and a one year 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. The firm has a market capitalization of $609.
39 million, a price-to-earnings ratio of 10.03, a PEG ratio of 0.25 and a beta of 1.
78. TPG RE Finance Trust ( NYSE:TRTX – Get Free Report ) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.
08 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.18).
TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%.
The firm had revenue of $34.74 million for the quarter, compared to the consensus estimate of $27.98 million.
On average, research analysts anticipate that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current fiscal year.
TPG RE Finance Trust Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be paid a $0.24 dividend.
This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.76%.
The ex-dividend date of this dividend is Friday, March 28th. TPG RE Finance Trust’s dividend payout ratio (DPR) is 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. Recommended Stories Five stocks we like better than TPG RE Finance Trust Buy P&G Now, Before It Sets A New All-Time High Conagra Stock Could Thrive as Tariffs Hit Other Sectors Stock Ratings and Recommendations: Understanding Analyst Ratings Grocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey Finds How to Buy Gold Stock and Invest in Gold Spotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy? 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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