SG Americas Securities LLC Takes $169,000 Position in TPG RE Finance Trust Inc (NYSE:TRTX)

SG Americas Securities LLC purchased a new position in shares of TPG RE Finance Trust Inc (NYSE:TRTX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,640 shares of the company’s stock, valued at approximately $169,000.

Several other large investors also recently bought and sold shares of the company. Bank of America Corp DE grew its stake in TPG RE Finance Trust by 95.5% in the 4th quarter. Bank of America Corp DE now owns 583,537 shares of the company’s stock valued at $10,667,000 after acquiring an additional 285,006 shares during the last quarter. APG Asset Management N.V. boosted its stake in shares of TPG RE Finance Trust by 314.2% during the 4th quarter. APG Asset Management N.V. now owns 192,200 shares of the company’s stock worth $3,073,000 after purchasing an additional 145,800 shares during the last quarter. Millennium Management LLC boosted its stake in shares of TPG RE Finance Trust by 137.7% during the 4th quarter. Millennium Management LLC now owns 250,632 shares of the company’s stock worth $4,582,000 after purchasing an additional 145,195 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of TPG RE Finance Trust by 73.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 265,781 shares of the company’s stock worth $4,858,000 after purchasing an additional 112,583 shares during the last quarter. Finally, LDR Capital Management LLC boosted its stake in shares of TPG RE Finance Trust by 30.9% during the 1st quarter. LDR Capital Management LLC now owns 411,586 shares of the company’s stock worth $8,067,000 after purchasing an additional 97,150 shares during the last quarter. 58.68% of the stock is currently owned by institutional investors and hedge funds.

Shares of TRTX stock traded up $0.21 during mid-day trading on Friday, reaching $19.29. 2,287,115 shares of the company were exchanged, compared to its average volume of 271,856. TPG RE Finance Trust Inc has a fifty-two week low of $17.81 and a fifty-two week high of $20.89. The company has a quick ratio of 89.90, a current ratio of 89.90 and a debt-to-equity ratio of 2.48. The company has a market capitalization of $1.39 billion, a P/E ratio of 11.35, a P/E/G ratio of 2.19 and a beta of 0.32. The company has a 50 day moving average price of $19.54.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings data on Monday, April 29th. The company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The firm had revenue of $37.23 million during the quarter, compared to the consensus estimate of $37.64 million. TPG RE Finance Trust had a net margin of 38.79% and a return on equity of 8.39%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 earnings per share. As a group, research analysts forecast that TPG RE Finance Trust Inc will post 1.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Friday, June 28th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 8.92%. The ex-dividend date is Thursday, June 27th. TPG RE Finance Trust’s payout ratio is 101.18%.

Separately, Zacks Investment Research lowered shares of TPG RE Finance Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st.

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

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