NWQ Investment Management Company LLC Takes Position in TPG RE Finance Trust, Inc. (TRTX)

NWQ Investment Management Company LLC purchased a new position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 653,532 shares of the company’s stock, valued at approximately $12,920,000. NWQ Investment Management Company LLC owned about 1.09% of TPG RE Finance Trust at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. California State Teachers Retirement System acquired a new stake in shares of TPG RE Finance Trust in the third quarter valued at about $356,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of TPG RE Finance Trust in the third quarter valued at about $790,000. HGI Capital Management LLC acquired a new stake in shares of TPG RE Finance Trust in the third quarter valued at about $459,000. Bank of New York Mellon Corp acquired a new stake in shares of TPG RE Finance Trust in the third quarter valued at about $652,000. Finally, State of New Jersey Common Pension Fund D acquired a new stake in TPG RE Finance Trust during the 3rd quarter valued at approximately $791,000. Institutional investors and hedge funds own 26.37% of the company’s stock.

Shares of TPG RE Finance Trust, Inc. (NYSE TRTX) traded up $0.11 during midday trading on Friday, reaching $19.44. The company’s stock had a trading volume of 35,400 shares, compared to its average volume of 143,514. TPG RE Finance Trust, Inc. has a 12-month low of $18.61 and a 12-month high of $20.70. The company has a quick ratio of 10.75, a current ratio of 10.75 and a debt-to-equity ratio of 1.27.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $27.58 million for the quarter, compared to analyst estimates of $26.00 million. During the same quarter last year, the business earned $0.43 EPS. TPG RE Finance Trust’s revenue for the quarter was up 17.5% compared to the same quarter last year. equities analysts expect that TPG RE Finance Trust, Inc. will post 1.96 earnings per share for the current fiscal year.

In other news, CEO Greta Guggenheim bought 10,000 shares of TPG RE Finance Trust stock in a transaction on Friday, December 1st. The shares were bought at an average price of $19.19 per share, with a total value of $191,900.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered TPG RE Finance Trust from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th. Citigroup restated a “neutral” rating and set a $22.00 price objective on shares of TPG RE Finance Trust in a research note on Tuesday, October 17th. JMP Securities assumed coverage on TPG RE Finance Trust in a research note on Friday, August 18th. They set an “outperform” rating and a $21.50 price objective for the company. Deutsche Bank assumed coverage on TPG RE Finance Trust in a research note on Friday, August 18th. They set a “buy” rating and a $21.00 price objective for the company. Finally, Bank of America assumed coverage on TPG RE Finance Trust in a research note on Monday, August 14th. They set a “buy” rating and a $21.00 price objective for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. TPG RE Finance Trust presently has a consensus rating of “Buy” and an average price target of $21.33.

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TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc is a commercial real estate finance company. The Company is engaged in originating, acquiring and managing commercial mortgage loans and other commercial real estate-related debt instruments. It focuses primarily on directly originating and selectively acquiring floating rate first mortgage loans that are secured by high quality commercial real estate properties undergoing some form of transition and value creation, such as re-tenanting, refurbishment or other form of repositioning.

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

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