TPG RE Finance Trust, Inc. (NYSE:TRTX) Stake Increased by Nokomis Capital L.L.C.

Nokomis Capital L.L.C. raised its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 17.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 204,673 shares of the company’s stock after acquiring an additional 30,000 shares during the quarter. Nokomis Capital L.L.C.’s holdings in TPG RE Finance Trust were worth $1,740,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Millennium Management LLC raised its stake in shares of TPG RE Finance Trust by 6.9% in the 4th quarter. Millennium Management LLC now owns 1,053,474 shares of the company’s stock valued at $8,955,000 after purchasing an additional 68,116 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in TPG RE Finance Trust by 7.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,101 shares of the company’s stock valued at $290,000 after buying an additional 2,478 shares during the last quarter. Graham Capital Management L.P. increased its holdings in TPG RE Finance Trust by 124.7% in the fourth quarter. Graham Capital Management L.P. now owns 84,586 shares of the company’s stock valued at $719,000 after buying an additional 46,937 shares during the last quarter. FJ Capital Management LLC raised its stake in TPG RE Finance Trust by 295.8% during the fourth quarter. FJ Capital Management LLC now owns 173,812 shares of the company’s stock valued at $1,477,000 after buying an additional 129,902 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in TPG RE Finance Trust by 114.6% during the 4th quarter. Deutsche Bank AG now owns 130,903 shares of the company’s stock worth $1,113,000 after buying an additional 69,895 shares during the last quarter. 57.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price target 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. Wells Fargo & Company reduced their price target on shares of TPG RE Finance Trust from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, May 1st.

TPG RE Finance Trust Price Performance

Shares of TRTX opened at $7.99 on Wednesday. TPG RE Finance Trust, Inc. has a 12 month low of $6.47 and a 12 month high of $9.66. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. The stock has a fifty day moving average price of $7.74 and a 200 day moving average price of $8.34. The company has a market cap of $638.06 million, a P/E ratio of 10.65, a PEG ratio of 0.25 and a beta of 1.63.

TPG RE Finance Trust (NYSE:TRTX) last released 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). The firm had revenue of $34.74 million for the quarter, compared to the consensus estimate of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. On average, research analysts forecast 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 declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 28th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 12.02%. TPG RE Finance Trust’s payout ratio is currently 137.14%.

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.