Jupiter Asset Management Ltd. Buys 70,676 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Key Points

• Jupiter Asset Management Ltd. increased its stake in TPG RE Finance Trust by 320.4% during the first quarter, owning 92,733 shares worth approximately $756,000.
• Multiple institutional investors, including Bank of America Corp DE and Deutsche Bank AG, have also significantly increased their holdings in TPG RE Finance Trust in the fourth quarter.
• TPG RE Finance Trust recently declared a quarterly dividend of $0.24 per share, resulting in an annualized dividend yield of 10.8%.

Jupiter Asset Management Ltd. raised its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 320.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,733 shares of the company's stock after purchasing an additional 70,676 shares during the period. Jupiter Asset Management Ltd. owned 0.12% of TPG RE Finance Trust worth $756,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Long Pond Capital LP raised its holdings in shares of TPG RE Finance Trust by 117.1% during the fourth quarter. Long Pond Capital LP now owns 7,303,626 shares of the company's stock valued at $62,081,000 after acquiring an additional 3,938,800 shares in the last quarter. Vanguard Group Inc. raised its holdings in TPG RE Finance Trust by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 4,939,620 shares of the company's stock worth $41,987,000 after purchasing an additional 63,529 shares in the last quarter. Two Sigma Advisers LP raised its holdings in TPG RE Finance Trust by 23.6% in the 4th quarter. Two Sigma Advisers LP now owns 1,585,600 shares of the company's stock worth $13,478,000 after purchasing an additional 303,100 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of TPG RE Finance Trust by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,464,001 shares of the company's stock worth $12,447,000 after purchasing an additional 7,118 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of TPG RE Finance Trust by 6.9% during the 4th 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.

Wall Street Analysts Forecast Growth

TRTX has been the topic of several research analyst reports. Wells Fargo & Company boosted 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 research report on Thursday, July 31st. JPMorgan Chase & Co. upped their target price on TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Wall Street Zen raised TPG RE Finance Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd.

TPG RE Finance Trust Stock Down 0.4%

Shares of NYSE:TRTX traded down $0.04 during midday trading on Friday, reaching $8.91. The company's stock had a trading volume of 183,633 shares, compared to its average volume of 673,533. 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 firm has a 50 day moving average of $8.12 and a 200-day moving average of $8.04. The firm has a market capitalization of $699.84 million, a P/E ratio of 13.70, a PEG ratio of 2.37 and a beta of 1.63. TPG RE Finance Trust, Inc. has a 12-month low of $6.47 and a 12-month high of $9.31.

TPG RE Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, July 25th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 10.8%. The ex-dividend date was Friday, June 27th. TPG RE Finance Trust's dividend payout ratio is 147.69%.

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.