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

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

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

Analysts Set New Price Targets

Several equities analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of TPG RE Finance Trust from $7.00 to $8.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Wall Street Zen cut shares of TPG RE Finance Trust from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Finally, Wells Fargo & Company cut 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. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, TPG RE Finance Trust has an average rating of "Moderate Buy" and a consensus price target of $9.50.

TPG RE Finance Trust Price Performance

Shares of TPG RE Finance Trust stock traded up $0.06 during midday trading on Wednesday, hitting $7.75. 573,211 shares of the company traded hands, compared to its average volume of 645,228. The firm's fifty day moving average price is $7.51 and its 200-day moving average price is $8.23. The stock has a market cap of $618.89 million, a price-to-earnings ratio of 10.33, a PEG 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 quick ratio of 152.83 and a current ratio of 156.81.

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. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.39%. TPG RE Finance Trust's payout ratio is presently 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.