Bank of New York Mellon Corp boosted its position in shares of TPG RE Finance Trust Inc (NYSE:TRTX) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,401 shares of the company’s stock after purchasing an additional 8,773 shares during the period. Bank of New York Mellon Corp owned about 0.25% of TPG RE Finance Trust worth $3,079,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. KAMES CAPITAL plc increased its stake in TPG RE Finance Trust by 53.1% in the fourth quarter. KAMES CAPITAL plc now owns 586,281 shares of the company’s stock valued at $10,717,000 after acquiring an additional 203,258 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of TPG RE Finance Trust by 163.4% during the third quarter. Prudential Financial Inc. now owns 38,800 shares of the company’s stock worth $777,000 after buying an additional 24,068 shares during the last quarter. Stockman Wealth Management Inc. lifted its holdings in shares of TPG RE Finance Trust by 58.0% during the fourth quarter. Stockman Wealth Management Inc. now owns 43,050 shares of the company’s stock worth $787,000 after purchasing an additional 15,800 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of TPG RE Finance Trust by 10.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 82,726 shares of the company’s stock worth $1,512,000 after purchasing an additional 7,822 shares during the period. Finally, Teachers Advisors LLC lifted its holdings in shares of TPG RE Finance Trust by 6.8% during the third quarter. Teachers Advisors LLC now owns 61,885 shares of the company’s stock worth $1,239,000 after purchasing an additional 3,936 shares during the period. Hedge funds and other institutional investors own 52.14% of the company’s stock.
Separately, Zacks Investment Research lowered shares of TPG RE Finance Trust from a “hold” rating to a “strong sell” rating in a report on Friday, January 18th.
TPG RE Finance Trust (NYSE:TRTX) last released its earnings results on Monday, April 29th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. TPG RE Finance Trust had a net margin of 38.79% and a return on equity of 8.39%. The business had revenue of $37.23 million for the quarter, compared to analyst estimates of $37.64 million. During the same quarter in the previous year, the business earned $0.42 earnings per share. TPG RE Finance Trust’s revenue for the quarter was up 11.5% on a year-over-year basis. Research analysts expect that TPG RE Finance Trust Inc will post 1.75 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Friday, March 29th were issued a dividend of $0.43 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.72 annualized dividend and a dividend yield of 8.80%. TPG RE Finance Trust’s dividend payout ratio is currently 101.18%.
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TPG RE Finance Trust 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.
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