Two Sigma Investments LP Acquires 154,401 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. New Age Alpha Advisors LLC bought a new stake in shares of TPG RE Finance Trust during the 4th quarter worth $43,000. KLP Kapitalforvaltning AS bought a new position in shares of TPG RE Finance Trust in the fourth quarter worth about $75,000. Virtu Financial LLC bought a new position in shares of TPG RE Finance Trust in the fourth quarter worth about $85,000. Stratos Wealth Partners LTD. boosted its stake in shares of TPG RE Finance Trust by 20.4% in the 4th 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 bought a new stake in shares of TPG RE Finance Trust during the 4th quarter valued at approximately $134,000. Institutional investors own 57.12% of the company's stock.

TPG RE Finance Trust Trading Down 0.8%

TRTX traded down $0.07 during trading on Friday, reaching $7.68. 60,288 shares of the stock traded hands, compared to its average volume of 642,334. The stock has a market capitalization of $612.90 million, a PE ratio of 10.25, a P/E/G ratio of 0.25 and a beta of 1.63. The company has a quick ratio of 152.83, a current ratio of 156.81 and a debt-to-equity ratio of 2.14. The stock's 50-day moving average is $7.56 and its 200 day moving average is $8.26. TPG RE Finance Trust, Inc. has a 12 month low of $6.47 and a 12 month high of $9.66.

TPG RE Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 28th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 12.51%. The ex-dividend date was Friday, March 28th. TPG RE Finance Trust's dividend payout ratio is 137.14%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TRTX shares. Wells Fargo & Company lowered 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. JPMorgan Chase & Co. boosted their price target on TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Wall Street Zen lowered shares of TPG RE Finance Trust from a "hold" rating to a "sell" rating in a report on Friday. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. 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 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.