SG Americas Securities LLC Purchases 4,944 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

SG Americas Securities LLC boosted its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 19.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,596 shares of the company’s stock after buying an additional 4,944 shares during the period. SG Americas Securities LLC’s holdings in TPG RE Finance Trust were worth $260,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its holdings in shares of TPG RE Finance Trust by 88.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 5,847 shares of the company’s stock valued at $50,000 after acquiring an additional 2,742 shares in the last quarter. Cerity Partners LLC increased its position 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 worth $588,000 after purchasing an additional 4,158 shares during the last quarter. Golden State Equity Partners raised its stake in TPG RE Finance Trust by 5.4% in the third quarter. Golden State Equity Partners now owns 105,170 shares of the company’s stock valued at $897,000 after purchasing an additional 5,410 shares in the last quarter. McIlrath & Eck LLC bought a new stake in TPG RE Finance Trust during the third quarter valued at approximately $58,000. Finally, Quadrature Capital Ltd grew its stake in TPG RE Finance Trust by 71.8% in the 3rd quarter. Quadrature Capital Ltd now owns 19,955 shares of the company’s stock worth $170,000 after buying an additional 8,343 shares in the last quarter. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their price objective on shares of TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.92.

TPG RE Finance Trust Trading Up 1.9 %

TRTX stock opened at $8.72 on Friday. The company has a market capitalization of $705.30 million, a PE ratio of 12.63, a price-to-earnings-growth ratio of 0.26 and a beta of 2.16. The company has a debt-to-equity ratio of 2.03, a quick ratio of 152.83 and a current ratio of 152.83. TPG RE Finance Trust, Inc. has a one year low of $5.12 and a one year high of $9.66. The company’s 50 day moving average price is $8.63 and its two-hundred day moving average price is $8.68.

TPG RE Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, December 27th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 11.02%. The ex-dividend date was Friday, December 27th. TPG RE Finance Trust’s dividend payout ratio is presently 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.