Golden State Equity Partners Has $893,000 Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Golden State Equity Partners raised its position in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 375.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 105,045 shares of the company's stock after acquiring an additional 82,964 shares during the period. Golden State Equity Partners owned approximately 0.13% of TPG RE Finance Trust worth $893,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its position in TPG RE Finance Trust by 252.8% during the second quarter. Renaissance Technologies LLC now owns 123,094 shares of the company's stock worth $1,064,000 after buying an additional 88,200 shares during the period. Sei Investments Co. lifted its position in shares of TPG RE Finance Trust by 111.4% during the second quarter. Sei Investments Co. now owns 109,999 shares of the company's stock worth $950,000 after purchasing an additional 57,974 shares in the last quarter. Millennium Management LLC increased its position in shares of TPG RE Finance Trust by 30.3% during the second quarter. Millennium Management LLC now owns 1,174,646 shares of the company's stock worth $10,149,000 after acquiring an additional 273,086 shares during the last quarter. Mackenzie Financial Corp purchased a new position in shares of TPG RE Finance Trust during the 2nd quarter valued at approximately $95,000. Finally, SG Americas Securities LLC grew its stake in TPG RE Finance Trust by 125.4% in the third quarter. SG Americas Securities LLC now owns 25,652 shares of the company's stock worth $219,000 after purchasing an additional 14,273 shares in the last quarter. Hedge funds and other institutional investors own 57.12% of the company's stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their price target on TPG RE Finance Trust from $9.50 to $8.50 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat, TPG RE Finance Trust currently has an average rating of "Moderate Buy" and a consensus price target of $8.92.

TPG RE Finance Trust Stock Performance

TRTX traded up $0.17 during midday trading on Thursday, reaching $8.72. The company's stock had a trading volume of 324,091 shares, compared to its average volume of 461,612. The company has a fifty day simple moving average of $8.63 and a 200 day simple moving average of $8.68. TPG RE Finance Trust, Inc. has a twelve month low of $5.12 and a twelve month high of $9.66. 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 has a market cap of $705.30 million, a P/E ratio of 12.63, a PEG ratio of 0.26 and a beta of 2.16.

TPG RE Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, December 27th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.96 annualized dividend and a dividend yield of 11.02%. TPG RE Finance Trust's dividend payout ratio (DPR) is presently 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.