Barclays PLC Buys 137,171 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Barclays PLC grew its position in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 385.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,718 shares of the company's stock after acquiring an additional 137,171 shares during the quarter. Barclays PLC owned about 0.21% of TPG RE Finance Trust worth $1,472,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TRTX. Meeder Asset Management Inc. purchased a new position in TPG RE Finance Trust during the 2nd quarter valued at $27,000. Quarry LP boosted its stake in shares of TPG RE Finance Trust by 1,731.6% during the second 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. Zacks Investment Management bought a new position in shares of TPG RE Finance Trust in the third quarter worth about $94,000. Mackenzie Financial Corp purchased a new position in TPG RE Finance Trust in the 2nd quarter worth about $95,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in TPG RE Finance Trust in the 3rd quarter worth about $99,000. Institutional investors own 57.12% of the company's stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upgraded shares of TPG RE Finance Trust from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $9.00 to $9.50 in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $9.08.

TPG RE Finance Trust Stock Down 3.7 %

Shares of TPG RE Finance Trust stock traded down $0.08 during trading on Friday, hitting $8.40. 661,980 shares of the stock traded hands, compared to its average volume of 618,829. 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 stock's fifty day simple moving average is $8.82 and its 200 day simple moving average is $8.74. The firm has a market cap of $679.80 million, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 0.25 and a beta of 2.17. TPG RE Finance Trust, Inc. has a 52-week low of $5.12 and a 52-week high of $9.66.

TPG RE Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, December 27th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 11.43%. The ex-dividend date is Friday, December 27th. TPG RE Finance Trust's dividend payout ratio (DPR) is 139.13%.

About TPG RE Finance Trust

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.