Van ECK Associates Corp Grows Position in TPG RE Finance Trust, Inc. $TRTX

Van ECK Associates Corp boosted its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 9.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 816,098 shares of the company’s stock after purchasing an additional 69,463 shares during the period. Van ECK Associates Corp owned about 1.06% of TPG RE Finance Trust worth $6,831,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of TPG RE Finance Trust during the second quarter valued at approximately $54,386,000. Balyasny Asset Management L.P. raised its holdings in shares of TPG RE Finance Trust by 244.6% in the second quarter. Balyasny Asset Management L.P. now owns 980,198 shares of the company’s stock worth $7,567,000 after buying an additional 695,728 shares during the period. Focus Partners Wealth bought a new stake in shares of TPG RE Finance Trust during the 4th quarter worth approximately $3,964,000. Almitas Capital LLC bought a new stake in shares of TPG RE Finance Trust during the 2nd quarter worth approximately $3,036,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in TPG RE Finance Trust by 60.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 929,566 shares of the company’s stock valued at $7,260,000 after acquiring an additional 350,020 shares during the period. 57.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on TRTX shares. Weiss Ratings downgraded TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Wall Street Zen cut shares of TPG RE Finance Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Finally, Citigroup restated a “market outperform” rating on shares of TPG RE Finance Trust in a report on Tuesday, June 9th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

TPG RE Finance Trust Stock Up 1.5%

Shares of TRTX stock opened at $7.80 on Thursday. TPG RE Finance Trust, Inc. has a 1-year low of $7.57 and a 1-year high of $9.85. The stock’s fifty day moving average price is $8.20 and its 200 day moving average price is $8.27. The company has a debt-to-equity ratio of 3.30, a current ratio of 200.26 and a quick ratio of 200.26. The company has a market cap of $598.50 million, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 1.69 and a beta of 1.42.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03). The business had revenue of $34.01 million during the quarter, compared to analysts’ expectations of $37.30 million. TPG RE Finance Trust had a net margin of 17.03% and a return on equity of 6.85%. On average, research analysts expect that TPG RE Finance Trust, Inc. will post 0.92 earnings per share for the current fiscal year.

TPG RE Finance Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, June 26th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 12.3%. The ex-dividend date of this dividend was Friday, June 26th. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 177.78%.

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.