Jupiter Asset Management Ltd. Increases Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Jupiter Asset Management Ltd. grew its stake in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 320.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 92,733 shares of the company's stock after buying an additional 70,676 shares during the quarter. Jupiter Asset Management Ltd. owned 0.12% of TPG RE Finance Trust worth $756,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arlington Trust Co LLC acquired a new stake in shares of TPG RE Finance Trust during the 1st quarter worth about $41,000. KLP Kapitalforvaltning AS acquired a new position in TPG RE Finance Trust during the fourth quarter worth approximately $75,000. ProShare Advisors LLC increased its position in TPG RE Finance Trust by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 16,797 shares of the company's stock worth $143,000 after buying an additional 5,527 shares during the period. Polymer Capital Management US LLC acquired a new position in TPG RE Finance Trust during the fourth quarter worth approximately $167,000. Finally, Arizona State Retirement System increased its position in TPG RE Finance Trust by 20.0% during the first quarter. Arizona State Retirement System now owns 19,731 shares of the company's stock worth $161,000 after buying an additional 3,290 shares during the period. Hedge funds and other institutional investors own 57.12% of the company's stock.

Analyst Upgrades and Downgrades

TRTX has been the topic of several research analyst reports. Wells Fargo & Company lifted their price target on TPG RE Finance Trust from $9.00 to $11.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Wall Street Zen raised TPG RE Finance Trust from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, JPMorgan Chase & Co. lifted their price target on TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st.

TPG RE Finance Trust Trading Up 2.9%

TRTX opened at $8.93 on Tuesday. The firm has a market cap of $701.42 million, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 2.53 and a beta of 1.63. 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 business's 50 day moving average is $8.05 and its two-hundred day moving average is $8.03. TPG RE Finance Trust, Inc. has a 52 week low of $6.47 and a 52 week high of $9.31.

TPG RE Finance Trust Announces Dividend

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

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.

Want to see what other hedge funds are holding TRTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.