Wellington Management Group LLP Makes New $5.98 Million Investment in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Wellington Management Group LLP purchased a new position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 703,900 shares of the company's stock, valued at approximately $5,983,000. Wellington Management Group LLP owned 0.87% of TPG RE Finance Trust at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TRTX. New Age Alpha Advisors LLC acquired a new position in TPG RE Finance Trust during the fourth quarter worth $43,000. KLP Kapitalforvaltning AS acquired a new position in shares of TPG RE Finance Trust during the 4th quarter worth $75,000. Virtu Financial LLC acquired a new position in shares of TPG RE Finance Trust during the 4th quarter worth $85,000. Stratos Wealth Partners LTD. increased its holdings in shares of TPG RE Finance Trust by 20.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company's stock valued at $131,000 after purchasing an additional 2,623 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in shares of TPG RE Finance Trust in the fourth quarter valued at about $134,000. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

TPG RE Finance Trust Price Performance

Shares of NYSE TRTX traded down $0.02 during trading on Thursday, reaching $7.75. The company had a trading volume of 427,922 shares, compared to its average volume of 644,362. The stock has a market capitalization of $618.49 million, a PE ratio of 10.33, a price-to-earnings-growth ratio of 0.25 and a beta of 1.63. The stock has a 50-day moving average price of $7.51 and a two-hundred day moving average price of $8.23. TPG RE Finance Trust, Inc. has a twelve month low of $6.47 and a twelve month high of $9.66. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14.

TPG RE Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 28th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.96 annualized dividend and a yield of 12.40%. TPG RE Finance Trust's dividend payout ratio (DPR) is presently 137.14%.

Analyst Ratings Changes

TRTX has been the subject of a number of research analyst reports. Wall Street Zen cut shares of TPG RE Finance Trust from a "hold" rating to a "sell" rating in a report on Friday, May 30th. Wells Fargo & Company reduced their price objective on TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. upped their target price on TPG RE Finance Trust from $7.00 to $8.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, TPG RE Finance Trust has a consensus rating of "Moderate Buy" and an average target price of $9.50.

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.