Two Sigma Investments LP Boosts Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Two Sigma Investments LP grew its stake in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 17.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,015,597 shares of the company's stock after acquiring an additional 154,401 shares during the period. Two Sigma Investments LP owned 1.25% of TPG RE Finance Trust worth $8,633,000 at the end of the most recent reporting period.

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

TPG RE Finance Trust Stock Performance

NYSE:TRTX traded down $0.04 during mid-day trading on Wednesday, hitting $7.65. The company's stock had a trading volume of 284,603 shares, compared to its average volume of 644,876. 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 debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. The stock has a market cap of $610.91 million, a price-to-earnings ratio of 10.20, a PEG ratio of 0.25 and a beta of 1.63. The business's fifty day moving average is $7.59 and its two-hundred day moving average is $8.28.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 28th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 12.55%. The ex-dividend date was Friday, March 28th. TPG RE Finance Trust's payout ratio is 137.14%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company lowered 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 research note 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, May 22nd. Finally, JPMorgan Chase & Co. boosted their price objective 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, TPG RE Finance Trust currently has a consensus rating of "Moderate Buy" and a consensus 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.