Mackenzie Financial Corp Has $502,000 Stock Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

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

A number of other large investors have also made changes to their positions in TRTX. New Age Alpha Advisors LLC purchased a new position in TPG RE Finance Trust during the 4th quarter worth approximately $43,000. KLP Kapitalforvaltning AS purchased a new stake in shares of TPG RE Finance Trust in the fourth quarter valued at $75,000. Virtu Financial LLC purchased a new stake in shares of TPG RE Finance Trust in the fourth quarter valued at $85,000. Stratos Wealth Partners LTD. lifted its holdings in shares of TPG RE Finance Trust by 20.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company's stock valued at $131,000 after purchasing an additional 2,623 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in shares of TPG RE Finance Trust in the fourth quarter valued at $134,000. Institutional investors and hedge funds own 57.12% of the company's stock.

Wall Street Analyst Weigh In

TRTX has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their target price on 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. Wall Street Zen lowered TPG RE Finance Trust from a "hold" rating to a "sell" rating in a report on Friday, May 30th. Finally, JPMorgan Chase & Co. increased their target price on TPG RE Finance Trust from $7.00 to $8.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $9.50.

TPG RE Finance Trust Stock Up 1.5%

TRTX stock traded up $0.11 during midday trading on Friday, reaching $7.86. The company had a trading volume of 467,487 shares, compared to its average volume of 647,245. TPG RE Finance Trust, Inc. has a 1 year low of $6.47 and a 1 year high of $9.66. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $628.00 million, a P/E ratio of 10.49, a PEG ratio of 0.25 and a beta of 1.63. The company has a 50 day moving average of $7.50 and a two-hundred day moving average of $8.22.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 28th were given a $0.24 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a yield of 12.21%. TPG RE Finance Trust's payout ratio is 137.14%.

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.