TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Bought by Barclays PLC

Barclays PLC raised its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 385.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 172,718 shares of the company's stock after buying 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.

A number of other institutional investors have also modified their holdings of TRTX. Acadian Asset Management LLC lifted its position in TPG RE Finance Trust by 235.3% during the second quarter. Acadian Asset Management LLC now owns 103,693 shares of the company's stock valued at $894,000 after acquiring an additional 72,766 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of TPG RE Finance Trust during the 2nd quarter valued at $27,000. Renaissance Technologies LLC boosted its position in shares of TPG RE Finance Trust by 252.8% in the 2nd quarter. Renaissance Technologies LLC now owns 123,094 shares of the company's stock worth $1,064,000 after purchasing an additional 88,200 shares in the last quarter. Sei Investments Co. grew its stake in TPG RE Finance Trust by 111.4% during the 2nd quarter. Sei Investments Co. now owns 109,999 shares of the company's stock worth $950,000 after buying an additional 57,974 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in TPG RE Finance Trust by 43.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 133,308 shares of the company's stock valued at $1,152,000 after buying an additional 40,340 shares in the last quarter. 57.12% of the stock is currently owned by institutional investors.

TPG RE Finance Trust Stock Performance

Shares of TRTX stock opened at $8.34 on Monday. The business has a fifty day moving average of $8.81 and a 200 day moving average of $8.73. TPG RE Finance Trust, Inc. has a 1 year low of $5.12 and a 1 year 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 $674.94 million, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 0.25 and a beta of 2.17.

TPG RE Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, December 27th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 11.51%. The ex-dividend date is Friday, December 27th. TPG RE Finance Trust's payout ratio is 139.13%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised TPG RE Finance Trust from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $9.00 to $9.50 in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from 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 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.