Y Intercept Hong Kong Ltd Increases Stock Position in TPG RE Finance Trust, Inc. $TRTX

Y Intercept Hong Kong Ltd grew its stake in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 318.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 136,659 shares of the company’s stock after acquiring an additional 103,986 shares during the period. Y Intercept Hong Kong Ltd owned about 0.18% of TPG RE Finance Trust worth $1,067,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp raised its position in TPG RE Finance Trust by 0.5% in the third quarter. Van ECK Associates Corp now owns 530,776 shares of the company’s stock valued at $4,543,000 after purchasing an additional 2,379 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of TPG RE Finance Trust by 14.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,164 shares of the company’s stock valued at $187,000 after buying an additional 2,985 shares during the period. BNP Paribas Financial Markets lifted its stake in 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 worth $50,000 after acquiring an additional 3,013 shares in the last quarter. Royal Bank of Canada boosted its holdings in TPG RE Finance Trust by 3.8% during the 4th quarter. Royal Bank of Canada now owns 90,818 shares of the company’s stock valued at $781,000 after acquiring an additional 3,311 shares during the period. Finally, Kemnay Advisory Services Inc. purchased a new position in TPG RE Finance Trust during the 4th quarter valued at about $30,000. 57.12% of the stock is currently owned by institutional investors and hedge funds.

TPG RE Finance Trust Stock Up 1.4%

Shares of TRTX stock traded up $0.12 during trading hours on Friday, reaching $8.53. 798,803 shares of the stock were exchanged, compared to its average volume of 693,142. The business’s fifty day moving average is $8.43 and its two-hundred day moving average is $8.50. The firm has a market capitalization of $659.07 million, a P/E ratio of 13.53, a P/E/G ratio of 1.74 and a beta of 1.40. TPG RE Finance Trust, Inc. has a 12-month low of $7.57 and a 12-month high of $9.85. The company has a debt-to-equity ratio of 3.11, a current ratio of 201.40 and a quick ratio of 201.40.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. TPG RE Finance Trust had a net margin of 19.38% and a return on equity of 6.91%. The company had revenue of $37.31 million during the quarter, compared to the consensus estimate of $37.15 million. As a group, research analysts expect that TPG RE Finance Trust, Inc. will post 0.93 EPS for the current fiscal year.

TPG RE Finance Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, June 26th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, June 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.3%. TPG RE Finance Trust’s payout ratio is presently 152.38%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TRTX. JPMorgan Chase & Co. reduced their price target on shares of TPG RE Finance Trust from $10.50 to $9.50 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Zacks Research raised shares of TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of TPG RE Finance Trust in a report on Friday, May 22nd. Finally, Citigroup reissued a “market outperform” rating on shares of TPG RE Finance Trust in a research report on Tuesday, June 9th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TPG RE Finance Trust currently has an average rating of “Moderate Buy” and a consensus price target of $9.83.

TPG RE Finance Trust Company Profile

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.