TPG RE Finance Trust, Inc. (NYSE:TRTX) Holdings Increased by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 299.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,011 shares of the company's stock after purchasing an additional 44,222 shares during the quarter. Mackenzie Financial Corp owned about 0.07% of TPG RE Finance Trust worth $502,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Prudential Financial Inc. purchased a new stake in shares of TPG RE Finance Trust in the 4th quarter worth $1,526,000. Raymond James Financial Inc. bought a new stake in shares of TPG RE Finance Trust in the 4th quarter worth about $548,000. Bank of America Corp DE lifted its holdings in shares of TPG RE Finance Trust by 49.2% in the 4th quarter. Bank of America Corp DE now owns 426,174 shares of the company's stock worth $3,622,000 after acquiring an additional 140,507 shares during the last quarter. Teacher Retirement System of Texas grew its position in TPG RE Finance Trust by 41.7% in the 4th quarter. Teacher Retirement System of Texas now owns 293,525 shares of the company's stock valued at $2,495,000 after acquiring an additional 86,337 shares during the last quarter. Finally, Deutsche Bank AG raised its position in TPG RE Finance Trust by 114.6% during the 4th quarter. Deutsche Bank AG now owns 130,903 shares of the company's stock valued at $1,113,000 after purchasing an additional 69,895 shares in the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TRTX has been the topic of several research analyst reports. Wall Street Zen downgraded TPG RE Finance Trust from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Wells Fargo & Company cut their price objective on shares of TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, TPG RE Finance Trust presently has an average rating of "Moderate Buy" and a consensus price target of $9.50.

TPG RE Finance Trust Price Performance

TPG RE Finance Trust stock traded down $0.02 during midday trading on Thursday, reaching $7.75. The company's stock had a trading volume of 427,922 shares, compared to its average volume of 644,362. TPG RE Finance Trust, Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $9.66. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81. The firm has a market capitalization of $618.49 million, a PE ratio of 10.33, a P/E/G ratio of 0.25 and a beta of 1.63. The stock's 50 day simple moving average is $7.51 and its 200 day simple moving average is $8.23.

TPG RE Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 28th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 12.40%. The ex-dividend date was Friday, March 28th. TPG RE Finance Trust's dividend payout ratio (DPR) is presently 137.14%.

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.