First Trust Advisors LP acquired a new stake in TPG RE Finance Trust Inc (NYSE:TRTX) in the third quarter, HoldingsChannel reports. The institutional investor acquired 63,192 shares of the company’s stock, valued at approximately $1,265,000.

Several other hedge funds have also made changes to their positions in TRTX. KAMES CAPITAL plc acquired a new position in shares of TPG RE Finance Trust in the 3rd quarter valued at $7,660,000. BlackRock Inc. raised its stake in shares of TPG RE Finance Trust by 6.2% in the 2nd quarter. BlackRock Inc. now owns 5,704,439 shares of the company’s stock valued at $115,915,000 after buying an additional 334,011 shares in the last quarter. LDR Capital Management LLC acquired a new position in shares of TPG RE Finance Trust in the 3rd quarter valued at $5,079,000. Resource America Inc. raised its stake in shares of TPG RE Finance Trust by 571.1% in the 2nd quarter. Resource America Inc. now owns 167,663 shares of the company’s stock valued at $3,407,000 after buying an additional 142,678 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of TPG RE Finance Trust by 284.3% in the 2nd quarter. Bank of America Corp DE now owns 146,237 shares of the company’s stock valued at $2,972,000 after buying an additional 108,182 shares in the last quarter. Institutional investors own 45.79% of the company’s stock.

A number of brokerages have recently issued reports on TRTX. Zacks Investment Research upgraded shares of TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 17th. BTIG Research began coverage on shares of TPG RE Finance Trust in a research note on Tuesday, October 9th. They issued a “buy” rating and a $21.50 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $21.88.

Shares of TRTX stock opened at $19.50 on Friday. TPG RE Finance Trust Inc has a 52-week low of $18.22 and a 52-week high of $21.05. The firm has a market capitalization of $1.29 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 2.27 and a beta of -0.15. The company has a quick ratio of 36.68, a current ratio of 36.68 and a debt-to-equity ratio of 2.12.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings data on Monday, November 5th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). TPG RE Finance Trust had a net margin of 41.60% and a return on equity of 8.41%. The business had revenue of $36.60 million during the quarter, compared to analyst estimates of $35.90 million. During the same quarter in the prior year, the company posted $0.35 EPS. The company’s quarterly revenue was up 32.6% compared to the same quarter last year. As a group, equities research analysts forecast that TPG RE Finance Trust Inc will post 1.72 earnings per share for the current year.

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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.

Further Reading: Quiet Period

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

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