United Services Automobile Association increased its position in shares of TPG RE Finance Trust Inc (NYSE:TRTX) by 9.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,148 shares of the company’s stock after purchasing an additional 1,864 shares during the period. United Services Automobile Association’s holdings in TPG RE Finance Trust were worth $427,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Summit Global Investments raised its holdings in TPG RE Finance Trust by 3.9% during the second quarter. Summit Global Investments now owns 35,000 shares of the company’s stock worth $675,000 after purchasing an additional 1,300 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in TPG RE Finance Trust during the second quarter worth approximately $751,000. Schroder Investment Management Group raised its holdings in TPG RE Finance Trust by 5.8% during the second quarter. Schroder Investment Management Group now owns 141,090 shares of the company’s stock worth $2,722,000 after purchasing an additional 7,796 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in TPG RE Finance Trust by 32.4% during the second quarter. Nuveen Asset Management LLC now owns 1,534,030 shares of the company’s stock worth $29,591,000 after purchasing an additional 375,362 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in TPG RE Finance Trust by 64.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 390,072 shares of the company’s stock worth $7,524,000 after purchasing an additional 152,929 shares in the last quarter. 52.29% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research raised TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd.
TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. The company had revenue of $42.24 million for the quarter, compared to analysts’ expectations of $41.19 million. TPG RE Finance Trust had a return on equity of 8.38% and a net margin of 37.63%. During the same quarter in the prior year, the company earned $0.44 earnings per share. Sell-side analysts forecast that TPG RE Finance Trust Inc will post 1.73 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, September 27th will be issued a $0.43 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.72 annualized dividend and a dividend yield of 8.74%. TPG RE Finance Trust’s dividend payout ratio is currently 101.18%.
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 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.
Further Reading: FAANG Stocks
Receive News & Ratings for TPG RE Finance Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPG RE Finance Trust and related companies with MarketBeat.com's FREE daily email newsletter.