Jane Street Group LLC Raises Stock Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Jane Street Group LLC raised its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 29.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,298 shares of the company’s stock after purchasing an additional 39,834 shares during the period. Jane Street Group LLC owned 0.22% of TPG RE Finance Trust worth $1,504,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of TPG RE Finance Trust by 94.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,932 shares of the company’s stock worth $1,330,000 after acquiring an additional 75,671 shares during the last quarter. Summit Global Investments purchased a new position in TPG RE Finance Trust in the 3rd quarter valued at $585,000. Kovitz Investment Group Partners LLC acquired a new stake in TPG RE Finance Trust during the 3rd quarter worth $2,328,000. GSA Capital Partners LLP boosted its stake in TPG RE Finance Trust by 882.6% during the 3rd quarter. GSA Capital Partners LLP now owns 206,078 shares of the company’s stock worth $1,758,000 after purchasing an additional 185,105 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of TPG RE Finance Trust by 28.8% during the third quarter. FMR LLC now owns 259,209 shares of the company’s stock worth $2,211,000 after buying an additional 57,960 shares in the last quarter. Institutional investors and hedge funds own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Down 3.7 %

Shares of NYSE:TRTX opened at $8.40 on Friday. TPG RE Finance Trust, Inc. has a 52-week low of $5.12 and a 52-week high of $9.66. The stock has a market cap of $679.80 million, a P/E ratio of 12.17, a PEG ratio of 0.25 and a beta of 2.17. The business has a fifty day moving average of $8.82 and a two-hundred day moving average of $8.73. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, December 27th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.43%. The ex-dividend date is Friday, December 27th. TPG RE Finance Trust’s dividend payout ratio is currently 139.13%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $9.00 to $9.50 in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.