Quad Cities Investment Group LLC Raises Position in TPG RE Finance Trust Inc (NYSE:TRTX)
Quad Cities Investment Group LLC increased its holdings in TPG RE Finance Trust Inc (NYSE:TRTX) by 166.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,868 shares of the company’s stock after purchasing an additional 3,040 shares during the quarter. Quad Cities Investment Group LLC’s holdings in TPG RE Finance Trust were worth $94,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of TRTX. Bank of New York Mellon Corp raised its position in TPG RE Finance Trust by 5.5% in the 4th quarter. Bank of New York Mellon Corp now owns 168,401 shares of the company’s stock worth $3,079,000 after purchasing an additional 8,773 shares during the period. Northern Trust Corp raised its position in TPG RE Finance Trust by 0.4% in the 4th quarter. Northern Trust Corp now owns 424,203 shares of the company’s stock worth $7,755,000 after purchasing an additional 1,730 shares during the period. United Services Automobile Association raised its position in TPG RE Finance Trust by 72.1% in the 4th quarter. United Services Automobile Association now owns 19,284 shares of the company’s stock worth $353,000 after purchasing an additional 8,080 shares during the period. Geode Capital Management LLC raised its position in TPG RE Finance Trust by 6.7% in the 4th quarter. Geode Capital Management LLC now owns 451,281 shares of the company’s stock worth $8,249,000 after purchasing an additional 28,183 shares during the period. Finally, Barclays PLC purchased a new position in TPG RE Finance Trust in the 4th quarter worth $106,000. Institutional investors own 59.91% of the company’s stock.
Separately, Zacks Investment Research lowered shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.
TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. The business had revenue of $37.23 million for the quarter, compared to analyst estimates of $37.64 million. TPG RE Finance Trust had a net margin of 38.79% and a return on equity of 8.39%. The company’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 EPS. Research analysts predict that TPG RE Finance Trust Inc will post 1.74 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Friday, June 28th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 8.73%. The ex-dividend date of this dividend was Thursday, June 27th. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 101.18%.
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 North America. 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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