Renaissance Technologies LLC Grows Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Renaissance Technologies LLC grew its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 58.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 570,699 shares of the company’s stock after buying an additional 211,205 shares during the period. Renaissance Technologies LLC’s holdings in TPG RE Finance Trust were worth $4,851,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. New Age Alpha Advisors LLC purchased a new position in TPG RE Finance Trust during the fourth quarter valued at $43,000. McIlrath & Eck LLC bought a new position in shares of TPG RE Finance Trust in the third quarter worth approximately $58,000. KLP Kapitalforvaltning AS purchased a new position in TPG RE Finance Trust in the 4th quarter worth approximately $75,000. Virtu Financial LLC purchased a new stake in TPG RE Finance Trust during the 4th quarter valued at $85,000. Finally, Stratos Wealth Partners LTD. raised its stake 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 worth $131,000 after purchasing an additional 2,623 shares during the last quarter. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Trading Down 1.3 %

Shares of NYSE:TRTX opened at $7.08 on Tuesday. The stock’s 50-day simple moving average is $8.05 and its two-hundred day simple moving average is $8.44. The stock has a market capitalization of $569.13 million, a price-to-earnings ratio of 9.44, a PEG ratio of 0.25 and a beta of 1.78. TPG RE Finance Trust, Inc. has a 52-week low of $6.47 and a 52-week high of $9.66. 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 (NYSE:TRTX) last announced its earnings results on Tuesday, February 18th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). The business had revenue of $34.74 million for the quarter, compared to analysts’ expectations of $27.98 million. TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. Analysts expect that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current year.

TPG RE Finance Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 13.56%. The ex-dividend date is Friday, March 28th. TPG RE Finance Trust’s dividend payout ratio is presently 128.00%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their target price on TPG RE Finance Trust from $8.50 to $7.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th.

TPG RE Finance Trust Company 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.