Millennium Management LLC Has $8.96 Million Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Millennium Management LLC increased its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,053,474 shares of the company's stock after purchasing an additional 68,116 shares during the period. Millennium Management LLC owned 1.30% of TPG RE Finance Trust worth $8,955,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Long Pond Capital LP raised its stake in shares of TPG RE Finance Trust by 117.1% in the 4th quarter. Long Pond Capital LP now owns 7,303,626 shares of the company's stock valued at $62,081,000 after purchasing an additional 3,938,800 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of TPG RE Finance Trust in the 4th quarter valued at about $5,983,000. Van ECK Associates Corp acquired a new stake in shares of TPG RE Finance Trust in the 4th quarter valued at about $5,588,000. Solel Partners LP acquired a new stake in shares of TPG RE Finance Trust in the 4th quarter valued at about $5,097,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of TPG RE Finance Trust by 90.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,019,924 shares of the company's stock valued at $8,669,000 after purchasing an additional 485,690 shares in the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TRTX has been the topic of several research reports. Wells Fargo & Company dropped their price objective on shares of TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Wall Street Zen upgraded shares of TPG RE Finance Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of TPG RE Finance Trust from $7.00 to $8.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to 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 Stock Up 1.4%

TRTX stock traded up $0.11 during midday trading on Thursday, reaching $7.76. The company had a trading volume of 213,892 shares, compared to its average volume of 643,496. 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 $619.29 million, a P/E ratio of 10.34, a PEG ratio of 0.25 and a beta of 1.63. The company has a 50 day moving average of $7.58 and a two-hundred day moving average of $8.27.

TPG RE Finance Trust Announces Dividend

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 of this dividend was Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a yield of 12.38%. 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.