NWQ Investment Management Company LLC boosted its position in TPG RE Finance Trust Inc (NYSE:TRTX) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 670,410 shares of the company’s stock after buying an additional 16,878 shares during the period. NWQ Investment Management Company LLC owned approximately 1.12% of TPG RE Finance Trust worth $12,771,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new stake in shares of TPG RE Finance Trust during the 3rd quarter worth $652,000. HGI Capital Management LLC purchased a new stake in shares of TPG RE Finance Trust during the 3rd quarter worth $459,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of TPG RE Finance Trust during the 3rd quarter worth $790,000. California State Teachers Retirement System purchased a new stake in shares of TPG RE Finance Trust during the 3rd quarter worth $356,000. Finally, Magnetar Financial LLC purchased a new stake in shares of TPG RE Finance Trust during the 3rd quarter worth $3,954,000. Hedge funds and other institutional investors own 32.45% of the company’s stock.
Separately, ValuEngine lowered shares of TPG RE Finance Trust from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $21.33.
TPG RE Finance Trust (NYSE:TRTX) last issued its earnings results on Monday, February 26th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $31.47 million for the quarter, compared to analysts’ expectations of $31.58 million. equities analysts expect that TPG RE Finance Trust Inc will post 1.91 earnings per share for the current year.
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TPG RE Finance Trust Company Profile
TPG RE Finance Trust, Inc is a commercial real estate finance company. The Company is engaged in originating, acquiring and managing commercial mortgage loans and other commercial real estate-related debt instruments. It focuses primarily on directly originating and selectively acquiring floating rate first mortgage loans that are secured by high quality commercial real estate properties undergoing some form of transition and value creation, such as re-tenanting, refurbishment or other form of repositioning.
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