GSA Capital Partners LLP Raises Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

GSA Capital Partners LLP lifted its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 882.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 206,078 shares of the company's stock after purchasing an additional 185,105 shares during the quarter. GSA Capital Partners LLP owned about 0.25% of TPG RE Finance Trust worth $1,758,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of TPG RE Finance Trust during the second quarter valued at about $27,000. Quarry LP lifted its holdings in shares of TPG RE Finance Trust by 1,731.6% during the 2nd quarter. Quarry LP now owns 7,363 shares of the company's stock worth $64,000 after acquiring an additional 6,961 shares during the period. Mackenzie Financial Corp bought a new stake in TPG RE Finance Trust in the second quarter valued at $95,000. Bailard Inc. bought a new position in TPG RE Finance Trust in the second quarter valued at approximately $102,000. Finally, Caxton Associates LP acquired a new position in TPG RE Finance Trust during the second quarter worth approximately $106,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of TPG RE Finance Trust from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $9.00 to $9.50 in a research report on Thursday, October 17th. BTIG Research reiterated a "buy" rating and issued a $11.00 target price on shares of TPG RE Finance Trust in a research note on Friday, July 19th. Finally, JMP Securities upped their price objective on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $9.08.

TPG RE Finance Trust Trading Down 0.3 %

NYSE TRTX traded down $0.03 on Wednesday, hitting $8.84. 707,351 shares of the stock were exchanged, compared to its average volume of 622,660. The company has a debt-to-equity ratio of 2.03, a quick ratio of 152.83 and a current ratio of 152.83. TPG RE Finance Trust, Inc. has a 52-week low of $5.12 and a 52-week high of $9.66. The firm has a market capitalization of $715.42 million, a P/E ratio of 12.91, a P/E/G ratio of 0.25 and a beta of 2.18. The stock has a fifty day moving average price of $8.63 and a two-hundred day moving average price of $8.64.

TPG RE Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, September 27th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 10.86%. The ex-dividend date of this dividend was Friday, September 27th. TPG RE Finance Trust's payout ratio is currently 139.13%.

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.