Redhawk Wealth Advisors Inc. Acquires New Stake in TPG RE Finance Trust, Inc. $TRTX

Redhawk Wealth Advisors Inc. bought a new position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 99,355 shares of the company’s stock, valued at approximately $855,000. Redhawk Wealth Advisors Inc. owned approximately 0.13% of TPG RE Finance Trust at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TRTX. Vanguard Group Inc. increased its stake in TPG RE Finance Trust by 5.1% during the third quarter. Vanguard Group Inc. now owns 3,957,587 shares of the company’s stock worth $33,877,000 after purchasing an additional 190,505 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of TPG RE Finance Trust by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 3,930,865 shares of the company’s stock valued at $32,037,000 after purchasing an additional 192,126 shares during the period. State of New Jersey Common Pension Fund A acquired a new position in shares of TPG RE Finance Trust in the third quarter valued at approximately $26,957,000. Geode Capital Management LLC grew its holdings in shares of TPG RE Finance Trust by 7.6% in the second quarter. Geode Capital Management LLC now owns 1,639,667 shares of the company’s stock valued at $12,660,000 after purchasing an additional 115,707 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in TPG RE Finance Trust by 7.6% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,565,152 shares of the company’s stock worth $13,398,000 after buying an additional 111,144 shares during the period. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Price Performance

Shares of TRTX opened at $7.62 on Monday. TPG RE Finance Trust, Inc. has a twelve month low of $6.47 and a twelve month high of $9.85. The firm’s fifty day simple moving average is $8.58 and its 200-day simple moving average is $8.80. The firm has a market capitalization of $596.67 million, a price-to-earnings ratio of 13.60, a PEG ratio of 1.32 and a beta of 1.53. The company has a current ratio of 183.34, a quick ratio of 183.34 and a debt-to-equity ratio of 3.02.

TPG RE Finance Trust (NYSE:TRTX) last issued its earnings results on Tuesday, February 17th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). TPG RE Finance Trust had a return on equity of 6.84% and a net margin of 18.14%.The firm had revenue of $35.04 million for the quarter, compared to analyst estimates of $27.15 million. Equities analysts forecast that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, March 27th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 12.6%. The ex-dividend date of this dividend is Friday, March 27th. TPG RE Finance Trust’s dividend payout ratio (DPR) is 171.43%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TRTX shares. Wells Fargo & Company decreased their price target on shares of TPG RE Finance Trust from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Citizens Jmp upgraded TPG RE Finance Trust from a “market perform” rating to an “outperform” rating and set a $10.00 price objective on the stock in a research note on Thursday, March 12th. Citigroup upgraded TPG RE Finance Trust from a “market perform” rating to an “outperform” rating in a report on Thursday, March 12th. Weiss Ratings cut TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 9th. Finally, JPMorgan Chase & Co. cut their price target on TPG RE Finance Trust from $11.00 to $10.50 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.17.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.