Jupiter Asset Management Ltd. lifted its stake in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 36,077 shares of the company’s stock after acquiring an additional 1,335 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in TPG RE Finance Trust were worth $485,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC lifted its holdings in TPG RE Finance Trust by 55.2% during the 1st quarter. Catalyst Capital Advisors LLC now owns 3,150 shares of the company’s stock worth $35,000 after buying an additional 1,120 shares in the last quarter. Royal Bank of Canada lifted its holdings in TPG RE Finance Trust by 93.5% during the 1st quarter. Royal Bank of Canada now owns 3,768 shares of the company’s stock worth $42,000 after buying an additional 1,821 shares in the last quarter. Quantbot Technologies LP acquired a new stake in TPG RE Finance Trust during the 1st quarter worth approximately $117,000. Clear Street Markets LLC acquired a new stake in TPG RE Finance Trust during the 2nd quarter worth approximately $155,000. Finally, Jane Street Group LLC increased its position in shares of TPG RE Finance Trust by 29.4% in the 1st quarter. Jane Street Group LLC now owns 16,700 shares of the company’s stock valued at $187,000 after purchasing an additional 3,793 shares during the last quarter. Institutional investors own 52.56% of the company’s stock.
A number of research analysts recently commented on TRTX shares. JMP Securities increased their target price on shares of TPG RE Finance Trust from $13.50 to $14.50 and gave the company a “market outperform” rating in a research report on Friday, July 23rd. Zacks Investment Research downgraded shares of TPG RE Finance Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, August 10th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $13.40.
TRTX stock opened at $12.13 on Wednesday. TPG RE Finance Trust, Inc. has a one year low of $7.57 and a one year high of $14.55. The stock has a market capitalization of $934.57 million, a PE ratio of 23.78 and a beta of 1.96. The company has a debt-to-equity ratio of 2.59, a quick ratio of 362.16 and a current ratio of 362.16. The company has a fifty day moving average of $12.79 and a 200-day moving average of $12.56.
TPG RE Finance Trust (NYSE:TRTX) last released its earnings results on Tuesday, August 3rd. The company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. TPG RE Finance Trust had a net margin of 44.06% and a return on equity of 11.90%. Equities analysts forecast that TPG RE Finance Trust, Inc. will post 1.1 earnings per share for the current fiscal year.
TPG RE Finance Trust Profile
TPG RE Finance Trust, Inc is a holding company, which engages in the provision of commercial real estate finance services. It originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in North America. The company was founded on October 24, 2014 and is headquartered in New York, NY.
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