Fox Run Management L.L.C. Boosts Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Fox Run Management L.L.C. raised its position in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 29.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 41,543 shares of the company’s stock after buying an additional 9,424 shares during the quarter. Fox Run Management L.L.C.’s holdings in TPG RE Finance Trust were worth $353,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TRTX. KLP Kapitalforvaltning AS acquired a new stake in TPG RE Finance Trust during the 4th quarter worth approximately $75,000. Virtu Financial LLC acquired a new stake in shares of TPG RE Finance Trust in the fourth quarter worth $85,000. Condor Capital Management raised its stake in shares of TPG RE Finance Trust by 59.7% in the 4th quarter. Condor Capital Management now owns 438,548 shares of the company’s stock valued at $3,728,000 after acquiring an additional 163,934 shares during the period. Magnetar Financial LLC lifted its holdings in shares of TPG RE Finance Trust by 33.2% during the 4th quarter. Magnetar Financial LLC now owns 95,054 shares of the company’s stock valued at $808,000 after acquiring an additional 23,711 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in TPG RE Finance Trust by 41.7% during the 4th quarter. Teacher Retirement System of Texas now owns 293,525 shares of the company’s stock worth $2,495,000 after purchasing an additional 86,337 shares during the period. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Price Performance

TRTX opened at $8.39 on Thursday. TPG RE Finance Trust, Inc. has a twelve month low of $6.99 and a twelve month high of $9.66. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14. The firm has a market cap of $679.22 million, a price-to-earnings ratio of 11.18, a PEG ratio of 0.25 and a beta of 2.23. The company has a fifty day simple moving average of $8.49 and a 200 day simple moving average of $8.62.

TPG RE Finance Trust (NYSE:TRTX) last announced its earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. The business had revenue of $34.74 million for the quarter, compared to analysts’ expectations of $27.98 million. Equities research analysts expect 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 25th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 11.45%. The ex-dividend date of this dividend is Friday, March 28th. TPG RE Finance Trust’s dividend payout ratio (DPR) is currently 128.00%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price objective on TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, TPG RE Finance Trust has a consensus rating of “Buy” and a consensus price target of $9.40.

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; 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.