86,651 Shares in TPG RE Finance Trust, Inc. $TRTX Bought by Caxton Associates LLP

Key Points

• Caxton Associates LLP acquired a new stake in TPG RE Finance Trust, Inc. by purchasing 86,651 shares valued at approximately $706,000 during the first quarter.
• TPG RE Finance Trust has declared an increase in its quarterly dividend to $0.3906 per share, translating to a dividend yield of 16.5%, effective for investors of record on September 19th.
• Wall Street analysts show a positive outlook, with updates including a price target increase from $9.00 to $11.00 by Wells Fargo, indicating an "overweight" rating on the stock.

Caxton Associates LLP bought a new stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 86,651 shares of the company's stock, valued at approximately $706,000. Caxton Associates LLP owned about 0.11% of TPG RE Finance Trust as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. State of Wyoming lifted its holdings in shares of TPG RE Finance Trust by 2.9% during the fourth quarter. State of Wyoming now owns 48,955 shares of the company's stock valued at $416,000 after purchasing an additional 1,374 shares during the last quarter. New Age Alpha Advisors LLC raised its holdings in TPG RE Finance Trust by 38.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 7,009 shares of the company's stock worth $57,000 after acquiring an additional 1,959 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in TPG RE Finance Trust by 7.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,101 shares of the company's stock worth $290,000 after acquiring an additional 2,478 shares during the last quarter. Arizona State Retirement System raised its holdings in TPG RE Finance Trust by 20.0% in the 1st quarter. Arizona State Retirement System now owns 19,731 shares of the company's stock worth $161,000 after acquiring an additional 3,290 shares during the last quarter. Finally, Arlington Trust Co LLC purchased a new position in TPG RE Finance Trust in the 1st quarter worth approximately $41,000. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TRTX. Wall Street Zen upgraded shares of TPG RE Finance Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Wells Fargo & Company boosted their price objective on shares of TPG RE Finance Trust from $9.00 to $11.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Zacks Research upgraded shares of TPG RE Finance Trust from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat, TPG RE Finance Trust has a consensus rating of "Buy" and a consensus price target of $9.50.

TPG RE Finance Trust Stock Performance

TRTX traded down $0.29 during mid-day trading on Tuesday, reaching $9.17. 190,997 shares of the company traded hands, compared to its average volume of 659,567. The stock has a market capitalization of $720.29 million, a P/E ratio of 14.15, a P/E/G ratio of 2.54 and a beta of 1.68. The company has a quick ratio of 193.29, a current ratio of 193.29 and a debt-to-equity ratio of 2.75. The company's fifty day moving average price is $8.86 and its 200-day moving average price is $8.18. TPG RE Finance Trust, Inc. has a 52-week low of $6.47 and a 52-week high of $9.85.

TPG RE Finance Trust declared that its Board of Directors has approved a share buyback program on Thursday, September 4th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 3.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its shares are undervalued.

TPG RE Finance Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, September 26th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend is Friday, September 26th. TPG RE Finance Trust's dividend payout ratio (DPR) is currently 147.69%.

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.