Atlantic Trust Group LLC Acquires 6,554 Shares of TPG RE Finance Trust Inc (TRTX)

Atlantic Trust Group LLC raised its holdings in shares of TPG RE Finance Trust Inc (NYSE:TRTX) by 10.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,818 shares of the company’s stock after purchasing an additional 6,554 shares during the quarter. Atlantic Trust Group LLC owned 0.12% of TPG RE Finance Trust worth $1,369,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Swiss National Bank bought a new stake in TPG RE Finance Trust during the 4th quarter valued at $391,000. Wolverine Asset Management LLC increased its stake in TPG RE Finance Trust by 9.0% during the 4th quarter. Wolverine Asset Management LLC now owns 62,095 shares of the company’s stock valued at $1,182,000 after purchasing an additional 5,108 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in TPG RE Finance Trust by 18.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 47,300 shares of the company’s stock valued at $902,000 after purchasing an additional 7,372 shares in the last quarter. Zimmer Partners LP increased its stake in TPG RE Finance Trust by 1.3% during the 4th quarter. Zimmer Partners LP now owns 881,936 shares of the company’s stock valued at $16,801,000 after purchasing an additional 11,636 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in TPG RE Finance Trust by 337.2% during the 4th quarter. Wells Fargo & Company MN now owns 21,315 shares of the company’s stock valued at $406,000 after purchasing an additional 16,440 shares in the last quarter. Institutional investors and hedge funds own 40.54% of the company’s stock.

Several analysts have recently issued reports on the stock. Wells Fargo & Co assumed coverage on shares of TPG RE Finance Trust in a research note on Monday, April 16th. They issued an “outperform” rating and a $21.00 target price for the company. Zacks Investment Research lowered shares of TPG RE Finance Trust from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd. Raymond James assumed coverage on shares of TPG RE Finance Trust in a research note on Tuesday, March 27th. They issued an “outperform” rating and a $22.00 target price for the company. Finally, ValuEngine lowered shares of TPG RE Finance Trust from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. TPG RE Finance Trust has a consensus rating of “Buy” and an average price target of $21.38.

TPG RE Finance Trust opened at $20.35 on Friday, according to MarketBeat. TPG RE Finance Trust Inc has a 1 year low of $18.22 and a 1 year high of $21.05. The company has a debt-to-equity ratio of 1.99, a current ratio of 14.77 and a quick ratio of 14.77. The firm has a market capitalization of $1.19 billion and a PE ratio of 11.70.

TPG RE Finance Trust (NYSE:TRTX) last posted its earnings results on Monday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01). TPG RE Finance Trust had a return on equity of 8.34% and a net margin of 45.22%. The firm had revenue of $33.40 million during the quarter, compared to the consensus estimate of $33.54 million. During the same quarter in the previous year, the company earned $0.48 EPS. The business’s revenue was up 10.8% compared to the same quarter last year. analysts forecast that TPG RE Finance Trust Inc will post 1.78 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 25th. Investors of record on Monday, June 25th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, June 22nd. This represents a $1.72 annualized dividend and a yield of 8.45%. This is a positive change from TPG RE Finance Trust’s previous quarterly dividend of $0.42. TPG RE Finance Trust’s dividend payout ratio is presently 98.85%.

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; and subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments secured by properties primarily in the office, mixed use, multifamily, industrial, retail, and hospitality real estate sectors.

Institutional Ownership by Quarter for TPG RE Finance Trust (NYSE:TRTX)

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