UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.33 Million Stock Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 94.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 155,932 shares of the company’s stock after purchasing an additional 75,671 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.19% of TPG RE Finance Trust worth $1,330,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of TPG RE Finance Trust in the third quarter valued at about $184,000. FMR LLC raised its stake in TPG RE Finance Trust by 28.8% in the 3rd quarter. FMR LLC now owns 259,209 shares of the company’s stock worth $2,211,000 after purchasing an additional 57,960 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of TPG RE Finance Trust during the 3rd quarter worth approximately $99,000. Penserra Capital Management LLC raised its position in shares of TPG RE Finance Trust by 22.9% in the third quarter. Penserra Capital Management LLC now owns 116,626 shares of the company’s stock valued at $994,000 after buying an additional 21,700 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of TPG RE Finance Trust by 6.4% in the third quarter. Cerity Partners LLC now owns 68,991 shares of the company’s stock valued at $588,000 after buying an additional 4,158 shares during the period. 57.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TRTX. JMP Securities boosted their price target 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 shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $9.00 to $9.50 in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.08.

TPG RE Finance Trust Stock Performance

TPG RE Finance Trust stock opened at $8.85 on Wednesday. The business has a 50 day moving average of $8.79 and a 200-day moving average of $8.73. The company has a debt-to-equity ratio of 2.03, a current ratio of 152.83 and a quick ratio of 152.83. 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 market capitalization of $715.81 million, a P/E ratio of 12.82, a P/E/G ratio of 0.25 and a beta of 2.17.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.85%. 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.