Pineno Levin & Ford Asset Management Inc. Takes Position in TPG RE Finance Trust Inc (NYSE:TRTX)

Pineno Levin & Ford Asset Management Inc. Takes Position in TPG RE Finance Trust Inc (NYSE:TRTX)

Pineno Levin & Ford Asset Management Inc. purchased a new position in TPG RE Finance Trust Inc (NYSE:TRTX) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 38,964 shares of the company’s stock, valued at approximately $764,000. Pineno Levin & Ford Asset Management Inc. owned about 0.05% of TPG RE Finance Trust at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TRTX. BlackRock Inc. increased its stake in shares of TPG RE Finance Trust by 3.3% in the 3rd quarter. BlackRock Inc. now owns 5,892,393 shares of the company’s stock worth $117,967,000 after acquiring an additional 187,954 shares in the last quarter. Vanguard Group Inc. increased its stake in TPG RE Finance Trust by 27.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,219,091 shares of the company’s stock valued at $84,466,000 after purchasing an additional 909,957 shares in the last quarter. Vanguard Group Inc increased its stake in TPG RE Finance Trust by 27.5% during the 3rd quarter. Vanguard Group Inc now owns 4,219,091 shares of the company’s stock valued at $84,466,000 after purchasing an additional 909,957 shares in the last quarter. KAMES CAPITAL plc increased its stake in TPG RE Finance Trust by 53.1% during the 4th quarter. KAMES CAPITAL plc now owns 586,281 shares of the company’s stock valued at $10,717,000 after purchasing an additional 203,258 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in TPG RE Finance Trust by 95.5% during the 4th quarter. Bank of America Corp DE now owns 583,537 shares of the company’s stock valued at $10,667,000 after purchasing an additional 285,006 shares in the last quarter. 52.14% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research lowered shares of TPG RE Finance Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st.

NYSE:TRTX traded down $0.06 during trading hours on Wednesday, hitting $19.85. 210,400 shares of the stock traded hands, compared to its average volume of 281,575. The company has a market capitalization of $1.47 billion, a P/E ratio of 11.68, a P/E/G ratio of 2.31 and a beta of 0.29. The company has a debt-to-equity ratio of 2.48, a current ratio of 89.90 and a quick ratio of 89.90. TPG RE Finance Trust Inc has a 1 year low of $17.81 and a 1 year high of $21.05.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.43 earnings per share for the quarter, hitting 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 company had revenue of $37.23 million for the quarter, compared to analysts’ expectations of $37.64 million. During the same quarter in the previous year, the business posted $0.42 earnings per share. TPG RE Finance Trust’s quarterly revenue was up 11.5% on a year-over-year basis. On average, sell-side analysts anticipate that TPG RE Finance Trust Inc will post 1.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Friday, March 29th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.66%. The ex-dividend date of this dividend was Thursday, March 28th. TPG RE Finance Trust’s dividend payout ratio is currently 101.18%.

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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