Summit Securities Group LLC Purchases Shares of 113,100 TPG RE Finance Trust, Inc. (NYSE:TRTX)

Summit Securities Group LLC acquired a new stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 113,100 shares of the company’s stock, valued at approximately $961,000. Summit Securities Group LLC owned about 0.14% of TPG RE Finance Trust at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. New Age Alpha Advisors LLC purchased a new position in TPG RE Finance Trust in the 4th quarter worth approximately $43,000. McIlrath & Eck LLC bought a new position in shares of TPG RE Finance Trust in the third quarter worth approximately $58,000. KLP Kapitalforvaltning AS purchased a new position in shares of TPG RE Finance Trust in the fourth quarter worth $75,000. Virtu Financial LLC bought a new stake in TPG RE Finance Trust during the 4th quarter valued at $85,000. Finally, Zacks Investment Management purchased a new stake in TPG RE Finance Trust during the 3rd quarter valued at $94,000. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Down 4.1 %

Shares of NYSE TRTX opened at $8.02 on Friday. The firm has a fifty day simple moving average of $8.47 and a two-hundred day simple moving average of $8.62. 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 current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14. The firm has a market capitalization of $649.25 million, a PE ratio of 10.69, a price-to-earnings-growth ratio of 0.25 and a beta of 2.23.

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

TPG RE Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be issued a $0.24 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a yield of 11.98%. TPG RE Finance Trust’s dividend payout ratio (DPR) is 128.00%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered 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 research note 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 a consensus price target 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.