Cubist Systematic Strategies LLC Has $2.26 Million Stock Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Cubist Systematic Strategies LLC lowered its stake in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 41.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 266,260 shares of the company’s stock after selling 190,413 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.33% of TPG RE Finance Trust worth $2,263,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Long Pond Capital LP increased its position in shares of TPG RE Finance Trust by 117.1% in the fourth quarter. Long Pond Capital LP now owns 7,303,626 shares of the company’s stock valued at $62,081,000 after acquiring an additional 3,938,800 shares during the last quarter. Vanguard Group Inc. raised its position in TPG RE Finance Trust by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 4,939,620 shares of the company’s stock worth $41,987,000 after acquiring an additional 63,529 shares in the last quarter. Geode Capital Management LLC raised its position in TPG RE Finance Trust by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,464,001 shares of the company’s stock worth $12,447,000 after acquiring an additional 7,118 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in TPG RE Finance Trust by 90.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,019,924 shares of the company’s stock worth $8,669,000 after acquiring an additional 485,690 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in TPG RE Finance Trust during the fourth quarter worth $5,983,000. Institutional investors and hedge funds own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Performance

Shares of TRTX stock opened at $7.67 on Monday. The company has a market capitalization of $612.50 million, a price-to-earnings ratio of 10.23, a PEG ratio of 0.25 and a beta of 1.63. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81. The company has a 50-day simple moving average of $7.77 and a 200 day simple moving average of $8.35. TPG RE Finance Trust, Inc. has a 52 week low of $6.47 and a 52 week high of $9.66.

TPG RE Finance Trust (NYSE:TRTX) last announced its 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 company had revenue of $34.74 million for the quarter, compared to the consensus estimate of $27.98 million. On average, sell-side analysts predict that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 28th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 12.52%. The ex-dividend date was Friday, March 28th. TPG RE Finance Trust’s dividend payout ratio is 137.14%.

Analyst Ratings Changes

Several research firms have issued reports on TRTX. JPMorgan Chase & Co. upped their price target on shares of TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. 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.

TPG RE Finance Trust 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; 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.