TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 125.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 25,652 shares of the company’s stock after acquiring an additional 14,273 shares during the quarter. SG Americas Securities LLC’s holdings in TPG RE Finance Trust were worth $219,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TRTX. Los Angeles Capital Management LLC acquired a new position in TPG RE Finance Trust during the 1st quarter worth $952,000. BNP Paribas Financial Markets boosted its position in TPG RE Finance Trust by 4.7% during the 1st quarter. BNP Paribas Financial Markets now owns 56,807 shares of the company’s stock worth $439,000 after acquiring an additional 2,552 shares during the period. GSA Capital Partners LLP acquired a new position in TPG RE Finance Trust during the 1st quarter worth $506,000. Nokomis Capital L.L.C. acquired a new position in TPG RE Finance Trust during the 1st quarter worth $1,437,000. Finally, Quadrature Capital Ltd acquired a new position in TPG RE Finance Trust during the 1st quarter worth $184,000. Institutional investors and hedge funds own 57.12% of the company’s stock.

Analysts Set New Price Targets

TRTX has been the subject of a number of analyst reports. BTIG Research reiterated a “buy” rating and set a $11.00 price target on shares of TPG RE Finance Trust in a research report on Friday, July 19th. JMP Securities boosted their price objective on TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. raised TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and boosted their price objective 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $9.08.

TPG RE Finance Trust Stock Down 0.4 %

TRTX opened at $8.37 on Wednesday. TPG RE Finance Trust, Inc. has a one year low of $4.64 and a one year high of $9.66. The company has a debt-to-equity ratio of 2.13, a quick ratio of 154.59 and a current ratio of 154.59. The stock’s fifty day moving average is $8.65 and its 200-day moving average is $8.51. The company has a market capitalization of $671.58 million, a PE ratio of -5.34, a P/E/G ratio of 0.25 and a beta of 2.19.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, September 27th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.47%. The ex-dividend date is Friday, September 27th. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently -61.15%.

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.