Two Sigma Advisers LP lifted its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 162.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,282,500 shares of the company's stock after purchasing an additional 793,000 shares during the quarter. Two Sigma Advisers LP owned about 1.58% of TPG RE Finance Trust worth $10,940,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of TRTX. Long Pond Capital LP grew its holdings in TPG RE Finance Trust by 32.4% in the second quarter. Long Pond Capital LP now owns 2,852,894 shares of the company's stock valued at $24,649,000 after purchasing an additional 697,736 shares during the last quarter. Citigroup Inc. grew its holdings in TPG RE Finance Trust by 1.3% in the third quarter. Citigroup Inc. now owns 1,901,741 shares of the company's stock valued at $16,222,000 after purchasing an additional 25,115 shares during the last quarter. Millennium Management LLC grew its holdings in TPG RE Finance Trust by 30.3% in the second quarter. Millennium Management LLC now owns 1,174,646 shares of the company's stock valued at $10,149,000 after purchasing an additional 273,086 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in TPG RE Finance Trust in the third quarter valued at $2,318,000. Finally, FMR LLC grew its holdings in TPG RE Finance Trust by 28.8% in the third quarter. FMR LLC now owns 259,209 shares of the company's stock valued at $2,211,000 after purchasing an additional 57,960 shares during the last quarter. Hedge funds and other institutional investors own 57.12% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. JMP Securities increased their price objective on TPG RE Finance Trust from $9.50 to $10.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 21st. 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 research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $9.08.
Get Our Latest Stock Analysis on TPG RE Finance Trust
TPG RE Finance Trust Stock Up 0.2 %
TRTX stock traded up $0.02 during mid-day trading on Tuesday, hitting $9.08. 389,933 shares of the company were exchanged, compared to its average volume of 613,929. The firm has a fifty day simple moving average of $8.71 and a 200 day simple moving average of $8.70. The company has a market capitalization of $734.83 million, a PE ratio of 13.13, a price-to-earnings-growth ratio of 0.25 and a beta of 2.17. 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.
TPG RE Finance Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, September 27th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 10.57%. The ex-dividend date was Friday, September 27th. TPG RE Finance Trust's payout ratio is currently 139.13%.
About TPG RE Finance Trust
(
Free Report)
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.
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