Rhumbline Advisers grew its position in TPG RE Finance Trust Inc (NYSE:TRTX) by 67.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,563 shares of the company’s stock after purchasing an additional 12,712 shares during the quarter. Rhumbline Advisers owned approximately 0.05% of TPG RE Finance Trust worth $641,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Dean Capital Investments Management LLC purchased a new stake in TPG RE Finance Trust during the second quarter valued at about $539,000. Timbercreek Investment Management Inc. lifted its stake in TPG RE Finance Trust by 117.2% during the first quarter. Timbercreek Investment Management Inc. now owns 253,271 shares of the company’s stock valued at $673,000 after buying an additional 136,649 shares in the last quarter. Atlantic Trust Group LLC lifted its stake in TPG RE Finance Trust by 10.5% during the first quarter. Atlantic Trust Group LLC now owns 68,818 shares of the company’s stock valued at $1,369,000 after buying an additional 6,554 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in TPG RE Finance Trust during the first quarter valued at about $624,000. Finally, California State Teachers Retirement System lifted its stake in TPG RE Finance Trust by 79.0% during the first quarter. California State Teachers Retirement System now owns 31,512 shares of the company’s stock valued at $627,000 after buying an additional 13,912 shares in the last quarter. 36.87% of the stock is currently owned by hedge funds and other institutional investors.

TRTX has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of TPG RE Finance Trust from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. BTIG Research initiated coverage on shares of TPG RE Finance Trust in a research report on Tuesday. They issued a “buy” rating and a $21.50 price target for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $21.90.

Shares of NYSE TRTX traded down $0.12 during mid-day trading on Friday, reaching $19.33. The company had a trading volume of 198,254 shares, compared to its average volume of 240,724. TPG RE Finance Trust Inc has a 12-month low of $18.22 and a 12-month high of $21.05. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 2.28 and a beta of -0.44. The company has a debt-to-equity ratio of 2.25, a current ratio of 18.34 and a quick ratio of 18.34.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings data on Monday, August 6th. The company reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. TPG RE Finance Trust had a return on equity of 8.10% and a net margin of 43.06%. The firm had revenue of $35.05 million for the quarter, compared to the consensus estimate of $34.64 million. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, analysts predict that TPG RE Finance Trust Inc will post 1.76 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 25th. Investors of record on Friday, September 28th will be issued a $0.43 dividend. The ex-dividend date is Thursday, September 27th. This represents a $1.72 dividend on an annualized basis and a yield of 8.90%. TPG RE Finance Trust’s dividend payout ratio is currently 98.85%.

TPG RE Finance Trust Profile

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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Institutional Ownership by Quarter for TPG RE Finance Trust (NYSE:TRTX)

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