143,100 Shares in TPG RE Finance Trust, Inc. $TRTX Acquired by Bracebridge Capital LLC

Key Points

• Bracebridge Capital LLC has invested approximately $1.17 million in TPG RE Finance Trust, acquiring 143,100 shares, which makes up 0.1% of its portfolio.
• TPG RE Finance Trust recently declared a quarterly dividend of $0.24, representing an annualized yield of 10.4% and a payout ratio of 147.69%.
• Analysts have updated their price targets for TPG RE Finance Trust, with Wells Fargo raising it from $9.00 to $11.00 and the stock currently holds a consensus rating of "Buy."

Bracebridge Capital LLC purchased a new position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 143,100 shares of the company's stock, valued at approximately $1,166,000. TPG RE Finance Trust makes up about 0.1% of Bracebridge Capital LLC's holdings, making the stock its 15th biggest position. Bracebridge Capital LLC owned about 0.18% of TPG RE Finance Trust as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in TRTX. Arlington Trust Co LLC acquired a new position in shares of TPG RE Finance Trust during the first quarter valued at approximately $41,000. New Age Alpha Advisors LLC boosted its stake in TPG RE Finance Trust by 38.8% during the 1st quarter. New Age Alpha Advisors LLC now owns 7,009 shares of the company's stock valued at $57,000 after purchasing an additional 1,959 shares in the last quarter. AlphaQuest LLC boosted its stake in TPG RE Finance Trust by 151.2% during the 1st quarter. AlphaQuest LLC now owns 8,567 shares of the company's stock valued at $70,000 after purchasing an additional 5,157 shares in the last quarter. Vident Advisory LLC acquired a new position in shares of TPG RE Finance Trust during the 1st quarter valued at $118,000. Finally, ProShare Advisors LLC raised its stake in shares of TPG RE Finance Trust by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 16,797 shares of the company's stock worth $143,000 after buying an additional 5,527 shares in the last quarter. 57.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

TPG RE Finance Trust Price Performance

Shares of NYSE TRTX traded up $0.09 during mid-day trading on Monday, reaching $9.36. The company had a trading volume of 674,475 shares, compared to its average volume of 499,036. The company has a 50-day moving average price of $8.52 and a two-hundred day moving average price of $8.11. The stock has a market cap of $735.22 million, a PE ratio of 14.39, a P/E/G ratio of 2.51 and a beta of 1.68. The company has a current ratio of 193.29, a quick ratio of 193.29 and a debt-to-equity ratio of 2.75. TPG RE Finance Trust, Inc. has a 1-year low of $6.47 and a 1-year high of $9.38.

TPG RE Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, July 25th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 10.3%. The ex-dividend date was Friday, June 27th. TPG RE Finance Trust's payout ratio is presently 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.