Summit Global Investments Buys Shares of 68,596 TPG RE Finance Trust, Inc. (NYSE:TRTX)

Summit Global Investments bought a new stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 68,596 shares of the company's stock, valued at approximately $585,000. Summit Global Investments owned approximately 0.08% of TPG RE Finance Trust as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Golden State Equity Partners grew its position in TPG RE Finance Trust by 5.4% in the third quarter. Golden State Equity Partners now owns 105,170 shares of the company's stock worth $897,000 after buying an additional 5,410 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of TPG RE Finance Trust by 125.4% in the 3rd quarter. SG Americas Securities LLC now owns 25,652 shares of the company's stock worth $219,000 after acquiring an additional 14,273 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in shares of TPG RE Finance Trust by 24.3% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 14,563 shares of the company's stock worth $126,000 after purchasing an additional 2,850 shares during the period. Quarry LP boosted its position in shares of TPG RE Finance Trust by 1,731.6% in the 2nd quarter. Quarry LP now owns 7,363 shares of the company's stock valued at $64,000 after purchasing an additional 6,961 shares during the period. Finally, Algert Global LLC boosted its position in shares of TPG RE Finance Trust by 12.8% in the 2nd quarter. Algert Global LLC now owns 218,846 shares of the company's stock valued at $1,891,000 after purchasing an additional 24,836 shares during the period. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Stock Down 0.3 %

TPG RE Finance Trust stock traded down $0.03 during trading hours on Monday, hitting $9.05. The company had a trading volume of 165,210 shares, compared to its average volume of 621,279. TPG RE Finance Trust, Inc. has a fifty-two week low of $5.12 and a fifty-two week high of $9.66. The company has a debt-to-equity ratio of 2.03, a current ratio of 152.83 and a quick ratio of 152.83. The firm has a market capitalization of $732.40 million, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 0.26 and a beta of 2.18. The firm's fifty day moving average is $8.63 and its 200-day moving average is $8.62.

TPG RE Finance Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, September 27th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.61%. The ex-dividend date was Friday, September 27th. TPG RE Finance Trust's dividend payout ratio (DPR) is presently 139.13%.

Analyst Upgrades and Downgrades

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

TPG RE Finance Trust Company 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.