TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Bought by Graham Capital Management L.P.

Graham Capital Management L.P. raised its stake in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 124.7% in the fourth quarter, HoldingsChannel reports. The fund owned 84,586 shares of the company’s stock after purchasing an additional 46,937 shares during the period. Graham Capital Management L.P.’s holdings in TPG RE Finance Trust were worth $719,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of TRTX. New Age Alpha Advisors LLC acquired a new position in TPG RE Finance Trust in the fourth quarter valued at approximately $43,000. KLP Kapitalforvaltning AS purchased a new stake in shares of TPG RE Finance Trust in the fourth quarter valued at approximately $75,000. Virtu Financial LLC purchased a new stake in shares of TPG RE Finance Trust in the fourth quarter valued at approximately $85,000. Stratos Wealth Partners LTD. increased its position in shares of TPG RE Finance Trust by 20.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company’s stock valued at $131,000 after buying an additional 2,623 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in shares of TPG RE Finance Trust in the fourth quarter valued at approximately $134,000. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Stock Down 2.1%

Shares of TRTX opened at $7.82 on Thursday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81. TPG RE Finance Trust, Inc. has a one year low of $6.47 and a one year high of $9.66. The stock has a market capitalization of $624.48 million, a price-to-earnings ratio of 10.43, a PEG ratio of 0.25 and a beta of 1.63. The stock has a 50 day moving average price of $7.73 and a 200 day moving average price of $8.34.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.18). TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. The firm had revenue of $34.74 million for the quarter, compared to analysts’ expectations of $27.98 million. Equities research analysts forecast that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, March 28th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 12.28%. The ex-dividend date was Friday, March 28th. TPG RE Finance Trust’s payout ratio is 137.14%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wells Fargo & Company cut their price objective on TPG RE Finance Trust from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. JPMorgan Chase & Co. boosted their price objective on TPG RE Finance Trust from $7.00 to $8.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st.

About TPG RE Finance Trust

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; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.