86,651 Shares in TPG RE Finance Trust, Inc. $TRTX Purchased 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 purchased a new stake in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 86,651 shares of the company's stock, valued at approximately $706,000. Caxton Associates LLP owned approximately 0.11% of TPG RE Finance Trust at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of TPG RE Finance Trust by 1.7% in the first quarter. Vanguard Group Inc. now owns 5,025,832 shares of the company's stock valued at $40,961,000 after purchasing an additional 86,212 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of TPG RE Finance Trust by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 3,930,865 shares of the company's stock valued at $32,037,000 after purchasing an additional 192,126 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of TPG RE Finance Trust by 23.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,585,600 shares of the company's stock valued at $13,478,000 after purchasing an additional 303,100 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of TPG RE Finance Trust by 3,783.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,324,357 shares of the company's stock valued at $10,794,000 after purchasing an additional 1,290,256 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of TPG RE Finance Trust by 6.9% in the fourth quarter. Millennium Management LLC now owns 1,053,474 shares of the company's stock valued at $8,955,000 after purchasing an additional 68,116 shares in the last quarter. Hedge funds and other institutional investors own 57.12% of the company's stock.

TPG RE Finance Trust Stock Performance

Shares of TRTX opened at $9.49 on Thursday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 193.29 and a current ratio of 193.29. The company has a market capitalization of $745.43 million, a price-to-earnings ratio of 14.59, a PEG ratio of 2.56 and a beta of 1.68. The company's 50 day simple moving average is $8.78 and its 200 day simple moving average is $8.17. TPG RE Finance Trust, Inc. has a 1 year low of $6.47 and a 1 year high of $9.85.

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

TPG RE Finance Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be paid a dividend of $0.3906 per share. This is an increase from TPG RE Finance Trust's previous quarterly dividend of $0.24. This represents a $1.56 annualized dividend and a dividend yield of 16.5%. TPG RE Finance Trust's dividend payout ratio is presently 147.69%.

Wall Street Analysts Forecast Growth

TRTX has been the topic of several recent research reports. Wall Street Zen raised shares of TPG RE Finance Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Wells Fargo & Company upped their price target on shares of TPG RE Finance Trust from $9.00 to $11.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Zacks Research raised shares of TPG RE Finance Trust from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $9.50.

About TPG RE Finance Trust

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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