Fmr LLC Has $2.21 Million Stock Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

FMR LLC lifted its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 28.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,209 shares of the company's stock after purchasing an additional 57,960 shares during the quarter. FMR LLC owned 0.32% of TPG RE Finance Trust worth $2,211,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. lifted its stake in TPG RE Finance Trust by 88.3% in the third quarter. Meeder Asset Management Inc. now owns 5,847 shares of the company's stock valued at $50,000 after buying an additional 2,742 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in TPG RE Finance Trust by 24.3% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 14,563 shares of the company's stock valued at $126,000 after acquiring an additional 2,850 shares in the last quarter. Cerity Partners LLC lifted its position in TPG RE Finance Trust by 6.4% in the 3rd quarter. Cerity Partners LLC now owns 68,991 shares of the company's stock valued at $588,000 after acquiring an additional 4,158 shares in the last quarter. TCW Group Inc. boosted its stake in TPG RE Finance Trust by 4.8% in the 2nd quarter. TCW Group Inc. now owns 103,274 shares of the company's stock worth $892,000 after purchasing an additional 4,770 shares during the period. Finally, Golden State Equity Partners increased its holdings in TPG RE Finance Trust by 5.4% during the 3rd quarter. Golden State Equity Partners now owns 105,170 shares of the company's stock worth $897,000 after purchasing an additional 5,410 shares in the last quarter. Institutional investors and hedge funds own 57.12% of the company's stock.

Analyst Ratings Changes

TRTX has been the topic of a number of research reports. JMP Securities boosted their price target on TPG RE Finance Trust from $9.50 to $10.00 and gave the company a "market outperform" rating in a report on Wednesday, August 21st. JPMorgan Chase & Co. raised TPG RE Finance Trust from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $9.00 to $9.50 in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, TPG RE Finance Trust has a consensus rating of "Moderate Buy" and a consensus target price of $9.08.

TPG RE Finance Trust Stock Performance

TPG RE Finance Trust stock traded up $0.03 during mid-day trading on Friday, hitting $9.03. 326,412 shares of the company's stock traded hands, compared to its average volume of 468,600. TPG RE Finance Trust, Inc. has a fifty-two week low of $5.12 and a fifty-two week high of $9.66. The stock has a market cap of $730.80 million, a price-to-earnings ratio of 13.09, a P/E/G ratio of 0.25 and a beta of 2.17. The firm has a 50 day simple moving average of $8.77 and a two-hundred day simple moving average of $8.72. The company has a debt-to-equity ratio of 2.03, a current ratio of 152.83 and a quick ratio of 152.83.

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.