TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Bought by Millennium Management LLC

Millennium Management LLC grew its holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,053,474 shares of the company's stock after acquiring an additional 68,116 shares during the period. Millennium Management LLC owned about 1.30% of TPG RE Finance Trust worth $8,955,000 as of its most recent filing with the Securities & Exchange Commission.

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

TPG RE Finance Trust Stock Down 0.5%

NYSE:TRTX traded down $0.04 during midday trading on Friday, hitting $7.70. 47,800 shares of the company were exchanged, compared to its average volume of 642,281. 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 market capitalization of $615.06 million, a PE ratio of 10.25, a price-to-earnings-growth ratio of 0.25 and a beta of 1.63. 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 fifty day simple moving average of $7.56 and a 200 day simple moving average of $8.26.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.46%. The ex-dividend date of this dividend was Friday, March 28th. TPG RE Finance Trust's payout ratio is currently 137.14%.

Analyst Ratings Changes

A number of analysts have weighed in on TRTX shares. Wells Fargo & Company cut their price target on 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 downgraded TPG RE Finance Trust from a "hold" rating to a "sell" rating in a report on Friday. Finally, JPMorgan Chase & Co. boosted their target price on 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 investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $9.50.

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.