Summit Global Investments Has $366,000 Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Summit Global Investments lessened its stake in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 37.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,045 shares of the company’s stock after selling 25,551 shares during the quarter. Summit Global Investments owned about 0.05% of TPG RE Finance Trust worth $366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. McIlrath & Eck LLC bought a new stake in shares of TPG RE Finance Trust in the 3rd quarter valued at about $58,000. Zacks Investment Management acquired a new stake in TPG RE Finance Trust in the third quarter worth $94,000. Dynamic Technology Lab Private Ltd bought a new position in shares of TPG RE Finance Trust during the third quarter worth $99,000. Stratos Wealth Partners LTD. grew its holdings in shares of 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. Finally, Wealthfront Advisers LLC acquired a new position in shares of TPG RE Finance Trust in the 4th quarter valued at $134,000. Institutional investors own 57.12% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their target price on TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, TPG RE Finance Trust has a consensus rating of “Buy” and a consensus price target of $9.40.

TPG RE Finance Trust Stock Up 0.9 %

Shares of TRTX stock opened at $8.53 on Tuesday. TPG RE Finance Trust, Inc. has a 12-month low of $6.99 and a 12-month high of $9.66. The company has a quick ratio of 152.83, a current ratio of 156.81 and a debt-to-equity ratio of 2.14. The firm has a fifty day moving average of $8.49 and a 200-day moving average of $8.63. The company has a market capitalization of $690.56 million, a price-to-earnings ratio of 11.37, a P/E/G ratio of 0.25 and a beta of 2.23.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.18). The firm had revenue of $34.74 million during the quarter, compared to analyst estimates of $27.98 million. TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. As a group, equities research analysts predict that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 11.26%. TPG RE Finance Trust’s dividend payout ratio is currently 128.00%.

TPG RE Finance Trust Company 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.