Bank of America Corp DE Has $3.62 Million Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Bank of America Corp DE raised its position in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 49.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 426,174 shares of the company's stock after purchasing an additional 140,507 shares during the quarter. Bank of America Corp DE owned about 0.53% of TPG RE Finance Trust worth $3,622,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. New Age Alpha Advisors LLC bought a new stake in TPG RE Finance Trust during the fourth quarter worth approximately $43,000. KLP Kapitalforvaltning AS bought a new stake in TPG RE Finance Trust during the fourth quarter worth approximately $75,000. Virtu Financial LLC bought a new stake in TPG RE Finance Trust during the fourth quarter worth approximately $85,000. Stratos Wealth Partners LTD. raised its holdings in 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 worth $131,000 after purchasing an additional 2,623 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in shares of TPG RE Finance Trust in the fourth quarter valued at $134,000. Institutional investors and hedge funds own 57.12% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TRTX. Wall Street Zen cut TPG RE Finance Trust from a "hold" rating to a "sell" rating in a research note on Friday. Wells Fargo & Company decreased their target price on 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. Finally, JPMorgan Chase & Co. raised their target price on shares of TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, TPG RE Finance Trust currently has an average rating of "Moderate Buy" and a consensus price target of $9.50.

TPG RE Finance Trust Trading Down 1.7%

TPG RE Finance Trust stock traded down $0.13 during midday trading on Monday, reaching $7.55. The stock had a trading volume of 673,424 shares, compared to its average volume of 644,977. The firm's fifty day simple moving average is $7.55 and its two-hundred day simple moving average is $8.25. TPG RE Finance Trust, Inc. has a twelve month low of $6.47 and a twelve 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 firm has a market cap of $602.92 million, a price-to-earnings ratio of 10.07, a PEG ratio of 0.25 and a beta of 1.63.

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 paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.72%. The ex-dividend date of this dividend was Friday, March 28th. TPG RE Finance Trust's dividend payout ratio (DPR) is currently 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.