TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Acquired by Northern Trust Corp

Northern Trust Corp lifted its position in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 15.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 629,451 shares of the company's stock after purchasing an additional 84,652 shares during the quarter. Northern Trust Corp owned about 0.78% of TPG RE Finance Trust worth $5,350,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TRTX. Tudor Investment Corp ET AL increased its position in TPG RE Finance Trust by 30.8% in the fourth quarter. Tudor Investment Corp ET AL now owns 283,014 shares of the company's stock worth $2,406,000 after purchasing an additional 66,667 shares during the last quarter. Nebula Research & Development LLC grew its stake in shares of TPG RE Finance Trust by 19.4% in the 4th quarter. Nebula Research & Development LLC now owns 70,487 shares of the company's stock worth $599,000 after buying an additional 11,455 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of TPG RE Finance Trust by 3.9% in the 4th quarter. Voya Investment Management LLC now owns 64,401 shares of the company's stock worth $547,000 after buying an additional 2,417 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of TPG RE Finance Trust by 5.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 78,716 shares of the company's stock worth $670,000 after buying an additional 4,007 shares during the last quarter. Finally, Alpine Global Management LLC purchased a new stake in shares of TPG RE Finance Trust during the 4th quarter valued at about $317,000. 57.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TRTX has been the subject of several recent research reports. 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. Wall Street Zen raised shares of TPG RE Finance Trust from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, Wells Fargo & Company dropped their price target on shares of TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, TPG RE Finance Trust currently has an average rating of "Moderate Buy" and an average target price of $9.50.

TPG RE Finance Trust Trading Up 0.6%

Shares of NYSE:TRTX traded up $0.05 on Monday, hitting $7.62. 436,505 shares of the company's stock were exchanged, compared to its average volume of 646,910. The stock has a market capitalization of $608.11 million, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 0.25 and a beta of 1.63. TPG RE Finance Trust, Inc. has a 12 month low of $6.47 and a 12 month high of $9.66. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. The business's 50 day simple moving average is $7.61 and its two-hundred day simple moving average is $8.28.

TPG RE Finance Trust Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 12.61%. TPG RE Finance Trust's dividend payout ratio (DPR) is 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.