Condor Capital Management Grows Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Condor Capital Management increased its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 59.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 438,548 shares of the company’s stock after purchasing an additional 163,934 shares during the quarter. Condor Capital Management owned approximately 0.54% of TPG RE Finance Trust worth $3,728,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TRTX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in TPG RE Finance Trust by 94.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,932 shares of the company’s stock valued at $1,330,000 after buying an additional 75,671 shares in the last quarter. Barclays PLC grew its holdings in TPG RE Finance Trust by 385.9% during the 3rd quarter. Barclays PLC now owns 172,718 shares of the company’s stock valued at $1,472,000 after buying an additional 137,171 shares in the last quarter. Geode Capital Management LLC grew its holdings in TPG RE Finance Trust by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,456,883 shares of the company’s stock valued at $12,430,000 after buying an additional 88,592 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in TPG RE Finance Trust during the 3rd quarter valued at approximately $2,328,000. Finally, Jane Street Group LLC grew its holdings in TPG RE Finance Trust by 29.2% during the 3rd quarter. Jane Street Group LLC now owns 176,298 shares of the company’s stock valued at $1,504,000 after buying an additional 39,834 shares in the last quarter. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Price Performance

Shares of TPG RE Finance Trust stock opened at $8.53 on Thursday. The stock has a market cap of $690.88 million, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 0.25 and a beta of 2.23. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81. The stock has a 50 day moving average price of $8.48 and a 200-day moving average price of $8.64. TPG RE Finance Trust, Inc. has a one year low of $6.99 and a one year high of $9.66.

TPG RE Finance Trust (NYSE:TRTX) last announced its earnings results on Tuesday, February 18th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). The company had revenue of $34.74 million during the quarter, compared to analysts’ expectations of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. Equities analysts expect that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current year.

TPG RE Finance Trust Dividend Announcement

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

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut their price target on 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 research analysts have rated the stock with a buy rating, According to MarketBeat, TPG RE Finance Trust currently has an average rating of “Buy” and an average target price of $9.40.

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.