Kovitz Investment Group Partners LLC Makes New $2.33 Million Investment in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Kovitz Investment Group Partners LLC purchased a new stake in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 272,871 shares of the company's stock, valued at approximately $2,328,000. Kovitz Investment Group Partners LLC owned approximately 0.34% of TPG RE Finance Trust as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TRTX. Summit Global Investments bought a new position in TPG RE Finance Trust during the third quarter worth $585,000. GSA Capital Partners LLP lifted its stake in shares of TPG RE Finance Trust by 882.6% in the third quarter. GSA Capital Partners LLP now owns 206,078 shares of the company's stock valued at $1,758,000 after buying an additional 185,105 shares during the period. Renaissance Technologies LLC grew its position in TPG RE Finance Trust by 252.8% during the second quarter. Renaissance Technologies LLC now owns 123,094 shares of the company's stock worth $1,064,000 after buying an additional 88,200 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in TPG RE Finance Trust by 4.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 75,376 shares of the company's stock valued at $582,000 after acquiring an additional 3,217 shares during the period. Finally, Millennium Management LLC increased its stake in TPG RE Finance Trust by 30.3% during the second quarter. Millennium Management LLC now owns 1,174,646 shares of the company's stock valued at $10,149,000 after acquiring an additional 273,086 shares during the period. Institutional investors own 57.12% of the company's stock.

TPG RE Finance Trust Price Performance

TRTX stock traded up $0.02 during trading on Tuesday, hitting $9.08. The company had a trading volume of 389,908 shares, compared to its average volume of 613,929. The company has a fifty day moving average price of $8.71 and a two-hundred day moving average price of $8.70. The company has a current ratio of 152.83, a quick ratio of 152.83 and a debt-to-equity ratio of 2.03. The company has a market cap of $734.83 million, a P/E ratio of 13.13, a P/E/G ratio of 0.25 and a beta of 2.17. TPG RE Finance Trust, Inc. has a fifty-two week low of $5.12 and a fifty-two week high of $9.66.

TPG RE Finance Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, September 27th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 10.57%. The ex-dividend date of this dividend was Friday, September 27th. TPG RE Finance Trust's dividend payout ratio is 139.13%.

Analyst Ratings Changes

A number of analysts have recently issued reports on TRTX shares. JMP Securities boosted their price objective on TPG RE Finance Trust from $9.50 to $10.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. upgraded TPG RE Finance Trust from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $9.00 to $9.50 in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat, TPG RE Finance Trust has a consensus rating of "Moderate Buy" and a consensus target price of $9.08.

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 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.