TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Acquired by Barclays PLC

Barclays PLC increased its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 385.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,718 shares of the company’s stock after purchasing an additional 137,171 shares during the period. Barclays PLC owned 0.21% of TPG RE Finance Trust worth $1,472,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in TPG RE Finance Trust during the 2nd quarter worth about $27,000. Quarry LP raised its position in shares of TPG RE Finance Trust by 1,731.6% during the 2nd quarter. Quarry LP now owns 7,363 shares of the company’s stock worth $64,000 after acquiring an additional 6,961 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in TPG RE Finance Trust during the second quarter worth approximately $95,000. Zacks Investment Management acquired a new position in TPG RE Finance Trust in the third quarter valued at approximately $94,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in TPG RE Finance Trust in the third quarter valued at approximately $99,000. Institutional investors and hedge funds own 57.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upgraded shares of 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 report 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. According to data from MarketBeat.com, TPG RE Finance Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.08.

TPG RE Finance Trust Trading Down 3.7 %

TRTX opened at $8.40 on Friday. The company has a quick ratio of 152.83, a current ratio of 152.83 and a debt-to-equity ratio of 2.03. TPG RE Finance Trust, Inc. has a 52 week low of $5.12 and a 52 week high of $9.66. The business’s 50 day moving average is $8.82 and its two-hundred day moving average is $8.73. The firm has a market cap of $679.80 million, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 0.25 and a beta of 2.17.

TPG RE Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, December 27th will be issued a $0.24 dividend. 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 11.43%. TPG RE Finance Trust’s payout ratio is 139.13%.

TPG RE Finance Trust Company 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.