First Trust Advisors LP acquired a new stake in shares of TPG RE Finance Trust Inc (NYSE:TRTX) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 63,192 shares of the company’s stock, valued at approximately $1,265,000. First Trust Advisors LP owned approximately 0.10% of TPG RE Finance Trust as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of TPG RE Finance Trust during the 2nd quarter worth $125,000. Strs Ohio boosted its holdings in shares of TPG RE Finance Trust by 55.9% during the 2nd quarter. Strs Ohio now owns 9,200 shares of the company’s stock worth $186,000 after buying an additional 3,300 shares during the period. Dean Capital Investments Management LLC bought a new stake in shares of TPG RE Finance Trust during the 2nd quarter worth $539,000. Rhumbline Advisers boosted its holdings in shares of TPG RE Finance Trust by 67.4% during the 2nd quarter. Rhumbline Advisers now owns 31,563 shares of the company’s stock worth $641,000 after buying an additional 12,712 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of TPG RE Finance Trust during the 2nd quarter worth $928,000. 45.79% of the stock is currently owned by hedge funds and other institutional investors.
NYSE TRTX opened at $19.50 on Friday. The company has a quick ratio of 36.68, a current ratio of 36.68 and a debt-to-equity ratio of 2.12. The firm has a market cap of $1.29 billion, a P/E ratio of 11.21, a PEG ratio of 2.27 and a beta of -0.15. TPG RE Finance Trust Inc has a 1 year low of $18.22 and a 1 year high of $21.05.
TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings data on Monday, November 5th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.02). The firm had revenue of $36.60 million for the quarter, compared to the consensus estimate of $35.90 million. TPG RE Finance Trust had a return on equity of 8.41% and a net margin of 41.60%. TPG RE Finance Trust’s quarterly revenue was up 32.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 earnings per share. On average, equities research analysts expect that TPG RE Finance Trust Inc will post 1.72 earnings per share for the current year.
TRTX has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of TPG RE Finance Trust from a “hold” rating to a “strong sell” rating in a report on Friday, October 26th. BTIG Research initiated coverage on shares of TPG RE Finance Trust in a report on Tuesday, October 9th. They set a “buy” rating and a $21.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $21.88.
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About TPG RE Finance Trust
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; and subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments secured by properties primarily in the office, mixed use, multifamily, industrial, retail, and hospitality real estate sectors.
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