Wellington Management Group LLP acquired a new position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 703,900 shares of the company's stock, valued at approximately $5,983,000. Wellington Management Group LLP owned about 0.87% of TPG RE Finance Trust as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Prudential Financial Inc. bought a new stake in TPG RE Finance Trust during the 4th quarter worth about $1,526,000. Bank of America Corp DE increased its stake in shares of TPG RE Finance Trust by 49.2% in the 4th quarter. Bank of America Corp DE now owns 426,174 shares of the company's stock valued at $3,622,000 after acquiring an additional 140,507 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of TPG RE Finance Trust in the 4th quarter valued at about $548,000. Teacher Retirement System of Texas increased its stake in shares of TPG RE Finance Trust by 41.7% in the 4th quarter. Teacher Retirement System of Texas now owns 293,525 shares of the company's stock valued at $2,495,000 after acquiring an additional 86,337 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of TPG RE Finance Trust by 114.6% in the 4th quarter. Deutsche Bank AG now owns 130,903 shares of the company's stock valued at $1,113,000 after acquiring an additional 69,895 shares during the last quarter. Institutional investors own 57.12% of the company's stock.
TPG RE Finance Trust Stock Up 1.5%
NYSE TRTX traded up $0.11 during trading hours on Friday, reaching $7.86. 467,487 shares of the company's stock were exchanged, compared to its average volume of 647,245. The company's 50-day moving average is $7.50 and its two-hundred day moving average is $8.22. TPG RE Finance Trust, Inc. has a one year low of $6.47 and a one year high of $9.66. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81. The company has a market capitalization of $628.00 million, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 0.25 and a beta of 1.63.
TPG RE Finance Trust Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, March 28th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.21%. The ex-dividend date of this dividend was Friday, March 28th. TPG RE Finance Trust's dividend payout ratio is currently 137.14%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on TRTX shares. Wall Street Zen cut TPG RE Finance Trust from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. increased their target price on TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company lowered their target price on TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $9.50.
Read Our Latest Analysis on TPG RE Finance Trust
About TPG RE Finance Trust
(
Free Report)
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.
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