Infrastructure Capital Advisors LLC Acquires 5,728 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Infrastructure Capital Advisors LLC boosted its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 16.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 40,706 shares of the company’s stock after purchasing an additional 5,728 shares during the period. Infrastructure Capital Advisors LLC’s holdings in TPG RE Finance Trust were worth $547,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Spring Creek Capital LLC bought a new position in TPG RE Finance Trust during the second quarter valued at approximately $4,995,000. Geode Capital Management LLC raised its position in TPG RE Finance Trust by 7.3% during the second quarter. Geode Capital Management LLC now owns 1,037,169 shares of the company’s stock valued at $13,949,000 after acquiring an additional 70,214 shares in the last quarter. SG Americas Securities LLC raised its position in TPG RE Finance Trust by 132.3% during the second quarter. SG Americas Securities LLC now owns 68,865 shares of the company’s stock valued at $926,000 after acquiring an additional 39,222 shares in the last quarter. JPMorgan Chase & Co. raised its position in TPG RE Finance Trust by 6.5% during the second quarter. JPMorgan Chase & Co. now owns 1,022,704 shares of the company’s stock valued at $13,755,000 after acquiring an additional 62,470 shares in the last quarter. Finally, Relative Value Partners Group LLC raised its position in TPG RE Finance Trust by 6.2% during the second quarter. Relative Value Partners Group LLC now owns 395,924 shares of the company’s stock valued at $5,404,000 after acquiring an additional 23,133 shares in the last quarter. 52.56% of the stock is currently owned by hedge funds and other institutional investors.

In other TPG RE Finance Trust news, major shareholder China Investment Corp sold 1,000,000 shares of TPG RE Finance Trust stock in a transaction on Tuesday, August 17th. The shares were sold at an average price of $12.33, for a total transaction of $12,330,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.80% of the stock is owned by insiders.

TRTX stock traded up $0.13 on Thursday, reaching $12.94. 2,421 shares of the company were exchanged, compared to its average volume of 285,210. TPG RE Finance Trust, Inc. has a 12 month low of $7.57 and a 12 month high of $14.55. The stock’s fifty day moving average price is $12.60 and its 200 day moving average price is $12.76. The firm has a market capitalization of $996.98 million, a PE ratio of 25.12 and a beta of 1.96. The company has a debt-to-equity ratio of 2.59, a current ratio of 362.16 and a quick ratio of 362.16.

TPG RE Finance Trust (NYSE:TRTX) last announced its earnings results on Tuesday, August 3rd. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. TPG RE Finance Trust had a net margin of 44.06% and a return on equity of 11.90%. As a group, research analysts expect that TPG RE Finance Trust, Inc. will post 1.1 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 22nd. Investors of record on Wednesday, September 29th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, September 28th. This represents a $0.96 dividend on an annualized basis and a yield of 7.42%. This is a positive change from TPG RE Finance Trust’s previous quarterly dividend of $0.20. TPG RE Finance Trust’s payout ratio is -69.06%.

TRTX has been the topic of a number of recent analyst reports. BTIG Research reissued a “buy” rating and issued a $15.00 price target on shares of TPG RE Finance Trust in a research report on Sunday, September 19th. Zacks Investment Research lowered shares of TPG RE Finance Trust from a “hold” rating to a “sell” rating in a research report on Thursday, October 7th. Finally, JMP Securities lifted their price target on shares of TPG RE Finance Trust from $13.50 to $14.50 and gave the company a “market outperform” rating in a research report on Friday, July 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $13.90.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc is a holding company, which engages in the provision of commercial real estate finance services. It originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in North America. The company was founded on October 24, 2014 and is headquartered in New York, NY.

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

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