TPG RE Finance Trust, Inc. (NYSE:TRTX) Position Increased by Two Sigma Advisers LP

Two Sigma Advisers LP raised its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 23.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,585,600 shares of the company's stock after buying an additional 303,100 shares during the quarter. Two Sigma Advisers LP owned about 1.96% of TPG RE Finance Trust worth $13,478,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new stake in TPG RE Finance Trust during the 4th quarter valued at $43,000. KLP Kapitalforvaltning AS acquired a new stake in shares of TPG RE Finance Trust during the fourth quarter worth $75,000. Virtu Financial LLC purchased a new position in shares of TPG RE Finance Trust in the 4th quarter worth $85,000. Stratos Wealth Partners LTD. raised its position in TPG RE Finance Trust by 20.4% in the fourth 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 during the period. Finally, Wealthfront Advisers LLC purchased a new position in TPG RE Finance Trust in the fourth quarter valued at about $134,000. Institutional investors and hedge funds own 57.12% of the company's stock.

TPG RE Finance Trust Price Performance

Shares of NYSE TRTX traded up $0.08 during trading on Tuesday, hitting $7.67. The company had a trading volume of 99,963 shares, compared to its average volume of 686,483. The company has a market cap of $612.10 million, a P/E ratio of 10.21, a PEG ratio of 0.25 and a beta of 1.63. TPG RE Finance Trust, Inc. has a 52 week low of $6.47 and a 52 week high of $9.66. The business's 50-day moving average is $7.61 and its 200 day moving average is $8.28. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were issued a $0.24 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.52%. TPG RE Finance Trust's payout ratio is currently 137.14%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TRTX. JPMorgan Chase & Co. lifted their target price 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 upgraded TPG RE Finance Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company decreased their price target 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently 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.