Cerity Partners LLC Purchases 4,158 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Cerity Partners LLC increased its position in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 6.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,991 shares of the company’s stock after buying an additional 4,158 shares during the quarter. Cerity Partners LLC owned 0.09% of TPG RE Finance Trust worth $588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Long Pond Capital LP lifted its holdings in TPG RE Finance Trust by 32.4% during the 2nd quarter. Long Pond Capital LP now owns 2,852,894 shares of the company’s stock worth $24,649,000 after buying an additional 697,736 shares during the period. Millennium Management LLC raised 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. Segall Bryant & Hamill LLC acquired a new position in shares of TPG RE Finance Trust in the third quarter worth approximately $2,318,000. GSA Capital Partners LLP boosted its holdings in TPG RE Finance Trust by 882.6% in the third quarter. GSA Capital Partners LLP now owns 206,078 shares of the company’s stock valued at $1,758,000 after acquiring an additional 185,105 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in TPG RE Finance Trust by 252.8% in the second quarter. Renaissance Technologies LLC now owns 123,094 shares of the company’s stock valued at $1,064,000 after acquiring an additional 88,200 shares during the last quarter. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Price Performance

TPG RE Finance Trust stock opened at $8.98 on Friday. The stock has a market capitalization of $726.75 million, a price-to-earnings ratio of 13.01, a PEG ratio of 0.25 and a beta of 2.17. TPG RE Finance Trust, Inc. has a 52-week low of $5.12 and a 52-week high of $9.66. The company has a debt-to-equity ratio of 2.03, a quick ratio of 152.83 and a current ratio of 152.83. The stock’s 50 day moving average price is $8.70 and its two-hundred day moving average price is $8.70.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors 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 10.69%. The ex-dividend date was Friday, September 27th. TPG RE Finance Trust’s dividend payout ratio is presently 139.13%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TRTX. JMP Securities boosted their price target on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. raised shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $9.00 to $9.50 in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, TPG RE Finance Trust presently 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.