Voya Investment Management LLC Has $547,000 Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Voya Investment Management LLC boosted its holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,401 shares of the company’s stock after acquiring an additional 2,417 shares during the period. Voya Investment Management LLC’s holdings in TPG RE Finance Trust were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new position in shares of TPG RE Finance Trust in the fourth quarter valued at $43,000. KLP Kapitalforvaltning AS acquired a new position in TPG RE Finance Trust in the 4th quarter valued at about $75,000. Virtu Financial LLC acquired a new stake in TPG RE Finance Trust during the fourth quarter worth approximately $85,000. Stratos Wealth Partners LTD. boosted 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 acquiring an additional 2,623 shares during the period. Finally, Wealthfront Advisers LLC acquired a new position in shares of TPG RE Finance Trust in the fourth quarter valued at approximately $134,000. Institutional investors and hedge funds own 57.12% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TRTX. Wells Fargo & Company reduced their price target on TPG RE Finance Trust from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. boosted their target price on shares of TPG RE Finance Trust from $7.00 to $8.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st.

TPG RE Finance Trust Trading Up 0.9 %

Shares of NYSE:TRTX opened at $7.67 on Friday. The company has a market capitalization of $612.50 million, a P/E ratio of 10.23, a P/E/G ratio of 0.25 and a beta of 1.63. 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 business’s 50 day simple moving average is $7.77 and its 200 day simple moving average is $8.35. TPG RE Finance Trust, Inc. has a 1 year low of $6.47 and a 1 year high of $9.66.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $34.74 million during 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 EPS for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.52%. The ex-dividend date of this dividend was Friday, March 28th. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 137.14%.

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.