TPG RE Finance Trust Inc (NYSE:TRTX) Position Lifted by Timbercreek Investment Management Inc.

Timbercreek Investment Management Inc. increased its position in shares of TPG RE Finance Trust Inc (NYSE:TRTX) by 44.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,431,125 shares of the company’s stock after buying an additional 437,928 shares during the quarter. TPG RE Finance Trust comprises 5.1% of Timbercreek Investment Management Inc.’s investment portfolio, making the stock its 2nd biggest holding. Timbercreek Investment Management Inc.’s holdings in TPG RE Finance Trust were worth $28,394,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TRTX. First Trust Advisors LP grew its stake in shares of TPG RE Finance Trust by 9.2% in the 1st quarter. First Trust Advisors LP now owns 169,253 shares of the company’s stock valued at $3,317,000 after purchasing an additional 14,297 shares during the last quarter. Denali Advisors LLC purchased a new position in shares of TPG RE Finance Trust in the 2nd quarter valued at approximately $174,000. WINTON GROUP Ltd grew its stake in shares of TPG RE Finance Trust by 60.6% in the 2nd quarter. WINTON GROUP Ltd now owns 56,690 shares of the company’s stock valued at $1,094,000 after purchasing an additional 21,384 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of TPG RE Finance Trust by 83.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,212 shares of the company’s stock valued at $120,000 after purchasing an additional 2,827 shares during the last quarter. Finally, Quad Cities Investment Group LLC grew its stake in shares of TPG RE Finance Trust by 166.3% in the 2nd quarter. Quad Cities Investment Group LLC now owns 4,868 shares of the company’s stock valued at $94,000 after purchasing an additional 3,040 shares during the last quarter. Institutional investors own 52.34% of the company’s stock.

Shares of TPG RE Finance Trust stock traded up $0.07 during trading on Wednesday, reaching $19.94. The company’s stock had a trading volume of 6,989 shares, compared to its average volume of 194,279. The company has a quick ratio of 41.04, a current ratio of 41.04 and a debt-to-equity ratio of 2.86. TPG RE Finance Trust Inc has a 12-month low of $17.81 and a 12-month high of $20.56. The company has a market capitalization of $1.46 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 2.30 and a beta of 0.34. The business has a 50 day moving average price of $19.90 and a 200-day moving average price of $19.67.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.43 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.43. TPG RE Finance Trust had a return on equity of 8.38% and a net margin of 37.63%. The firm had revenue of $42.24 million for the quarter, compared to the consensus estimate of $41.19 million. During the same period in the previous year, the business earned $0.44 earnings per share. Research analysts predict that TPG RE Finance Trust Inc will post 1.73 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, September 27th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.63%. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 101.18%.

Separately, Zacks Investment Research upgraded TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd.

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

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