Graham Capital Management L.P. Increases Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Graham Capital Management L.P. increased its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 124.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,586 shares of the company’s stock after buying an additional 46,937 shares during the period. Graham Capital Management L.P. owned about 0.10% of TPG RE Finance Trust worth $719,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. grew its stake in TPG RE Finance Trust by 112.5% in the third quarter. Franklin Resources Inc. now owns 156,444 shares of the company’s stock valued at $1,308,000 after purchasing an additional 82,817 shares during the last quarter. SG Americas Securities LLC grew its stake in TPG RE Finance Trust by 19.3% in the fourth quarter. SG Americas Securities LLC now owns 30,596 shares of the company’s stock valued at $260,000 after purchasing an additional 4,944 shares during the last quarter. Golden State Equity Partners grew its stake in TPG RE Finance Trust by 375.7% in the fourth quarter. Golden State Equity Partners now owns 105,045 shares of the company’s stock valued at $893,000 after purchasing an additional 82,964 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in TPG RE Finance Trust by 20.4% in the fourth 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 last quarter. Finally, Van ECK Associates Corp purchased a new position in TPG RE Finance Trust in the fourth quarter valued at about $5,588,000. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Price Performance

Shares of NYSE TRTX opened at $7.82 on Thursday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81. The company has a market cap of $624.48 million, a PE ratio of 10.43, a P/E/G ratio of 0.25 and a beta of 1.63. The business has a 50-day simple moving average of $7.73 and a two-hundred day simple moving average of $8.34. TPG RE Finance Trust, Inc. has a fifty-two week low of $6.47 and a fifty-two week 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 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $34.74 million during the quarter, compared to analyst estimates of $27.98 million. As a group, equities 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 announced a quarterly dividend, which was paid on Friday, April 25th. Investors 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 12.28%. The ex-dividend date of this dividend was Friday, March 28th. TPG RE Finance Trust’s dividend payout ratio (DPR) is 137.14%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted their target price on TPG RE Finance Trust from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Wells Fargo & Company lowered their price target on TPG RE Finance Trust from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, May 1st.

TPG RE Finance Trust 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.