Wealthfront Advisers LLC Takes Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Wealthfront Advisers LLC acquired a new stake in TPG RE Finance Trust, Inc. (NYSE:TRTX) during the 4th quarter, HoldingsChannel reports. The firm acquired 15,778 shares of the company’s stock, valued at approximately $134,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. increased its stake in TPG RE Finance Trust by 20.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company’s stock valued at $131,000 after buying an additional 2,623 shares during the period. Meeder Asset Management Inc. increased its stake in TPG RE Finance Trust by 88.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 5,847 shares of the company’s stock valued at $50,000 after buying an additional 2,742 shares during the period. Cerity Partners LLC increased its stake in shares of TPG RE Finance Trust by 6.4% during the 3rd quarter. Cerity Partners LLC now owns 68,991 shares of the company’s stock worth $588,000 after purchasing an additional 4,158 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of TPG RE Finance Trust by 2.5% during the 4th quarter. Bank of New York Mellon Corp now owns 181,368 shares of the company’s stock worth $1,542,000 after purchasing an additional 4,468 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of TPG RE Finance Trust by 19.3% during the 4th quarter. SG Americas Securities LLC now owns 30,596 shares of the company’s stock worth $260,000 after purchasing an additional 4,944 shares during the last quarter. Institutional investors and hedge funds own 57.12% of the company’s stock.

Analyst Upgrades and Downgrades

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

TPG RE Finance Trust Price Performance

NYSE:TRTX opened at $8.57 on Tuesday. The company has a 50-day moving average of $8.48 and a 200-day moving average of $8.64. The company has a market capitalization of $693.80 million, a price-to-earnings ratio of 11.42, a PEG ratio of 0.25 and a beta of 2.23. TPG RE Finance Trust, Inc. has a 52 week low of $6.99 and a 52 week high of $9.66. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81.

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). The firm had revenue of $34.74 million for the quarter, compared to analyst estimates of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. As a group, equities research analysts anticipate that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.21%. The ex-dividend date of this dividend is Friday, March 28th. TPG RE Finance Trust’s dividend payout ratio (DPR) is currently 128.00%.

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; 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.