Hsbc Holdings PLC Has $470,000 Stock Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Hsbc Holdings PLC grew its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 24.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,120 shares of the company’s stock after acquiring an additional 10,964 shares during the quarter. Hsbc Holdings PLC owned 0.07% of TPG RE Finance Trust worth $470,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its holdings in TPG RE Finance Trust by 385.9% during the third quarter. Barclays PLC now owns 172,718 shares of the company’s stock worth $1,472,000 after purchasing an additional 137,171 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of TPG RE Finance Trust during the 4th quarter worth about $1,526,000. Teacher Retirement System of Texas grew its holdings in shares of TPG RE Finance Trust by 41.7% in the 4th quarter. Teacher Retirement System of Texas now owns 293,525 shares of the company’s stock valued at $2,495,000 after acquiring an additional 86,337 shares in the last quarter. Franklin Resources Inc. increased its position in shares of TPG RE Finance Trust by 112.5% in the third quarter. Franklin Resources Inc. now owns 156,444 shares of the company’s stock valued at $1,308,000 after acquiring an additional 82,817 shares during the last quarter. Finally, Van ECK Associates Corp acquired a new stake in shares of TPG RE Finance Trust in the fourth quarter valued at about $5,588,000. 57.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on TPG RE Finance Trust from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Wells Fargo & Company lowered their target price on shares of TPG RE Finance Trust from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st.

TPG RE Finance Trust Price Performance

NYSE:TRTX opened at $7.53 on Thursday. TPG RE Finance Trust, Inc. has a 12-month low of $6.47 and a 12-month high of $9.66. The firm has a market capitalization of $601.08 million, a price-to-earnings ratio of 10.04, a P/E/G ratio of 0.25 and a beta of 1.63. The stock’s 50 day moving average price is $7.80 and its two-hundred day moving average price is $8.36. The company has a quick ratio of 152.83, a current ratio of 156.81 and a debt-to-equity ratio of 2.14.

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

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.75%. The ex-dividend date of this dividend was Friday, March 28th. TPG RE Finance Trust’s dividend payout ratio is presently 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.