TPG RE Finance Trust, Inc. $TRTX Shares Acquired by UBS Group AG

UBS Group AG lifted its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 34.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 451,997 shares of the company’s stock after acquiring an additional 115,787 shares during the quarter. UBS Group AG owned about 0.58% of TPG RE Finance Trust worth $3,892,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in shares of TPG RE Finance Trust by 86.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock valued at $50,000 after acquiring an additional 3,013 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of TPG RE Finance Trust by 2,454.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock valued at $51,000 after acquiring an additional 5,718 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of TPG RE Finance Trust by 249.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock valued at $53,000 after acquiring an additional 4,865 shares in the last quarter. Strs Ohio acquired a new position in shares of TPG RE Finance Trust during the 1st quarter valued at $87,000. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of TPG RE Finance Trust by 395.6% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 14,383 shares of the company’s stock valued at $111,000 after acquiring an additional 11,481 shares in the last quarter. Institutional investors and hedge funds own 57.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TRTX. JPMorgan Chase & Co. reduced their target price on shares of TPG RE Finance Trust from $10.50 to $9.50 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Zacks Research upgraded shares of TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Citigroup upgraded shares of TPG RE Finance Trust from a “market perform” rating to an “outperform” rating in a report on Thursday, March 12th. Citizens Jmp upgraded shares of TPG RE Finance Trust from a “market perform” rating to an “outperform” rating and set a $10.00 price objective on the stock in a report on Thursday, March 12th. Finally, Weiss Ratings lowered shares of TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $9.83.

TPG RE Finance Trust Stock Performance

Shares of TPG RE Finance Trust stock opened at $8.30 on Friday. The firm has a market cap of $641.29 million, a PE ratio of 13.17, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44. The firm’s 50-day simple moving average is $8.15 and its 200-day simple moving average is $8.63. The company has a debt-to-equity ratio of 3.11, a quick ratio of 201.40 and a current ratio of 201.40. TPG RE Finance Trust, Inc. has a 1 year low of $7.46 and a 1 year high of $9.85.

TPG RE Finance Trust (NYSE:TRTX) last issued its earnings results on Tuesday, April 28th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $37.31 million for the quarter, compared to analyst estimates of $37.15 million. TPG RE Finance Trust had a net margin of 19.38% and a return on equity of 6.91%. Equities analysts forecast that TPG RE Finance Trust, Inc. will post 0.94 earnings per share for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, March 27th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date was Friday, March 27th. TPG RE Finance Trust’s dividend payout ratio is 152.38%.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.