Universal Beteiligungs und Servicegesellschaft mbH Takes $489,000 Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake of 60,036 shares in TPG RE Finance Trust, valued at approximately $489,000, representing 0.08% ownership as per their latest SEC filing.
• Multiple institutional investors, including Vanguard Group Inc. and Prudential Financial Inc., have increased their holdings in TPG RE Finance Trust, which has a total of 57.12% institutional ownership.
• Wall Street analysts have recently upgraded TPG RE Finance Trust, with JPMorgan and Wells Fargo raising their price targets, indicating a positive outlook for the stock.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 60,036 shares of the company's stock, valued at approximately $489,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of TPG RE Finance Trust at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Prudential Financial Inc. acquired a new stake in TPG RE Finance Trust in the 4th quarter valued at about $1,526,000. Bank of America Corp DE boosted its position in TPG RE Finance Trust by 49.2% in the fourth quarter. Bank of America Corp DE now owns 426,174 shares of the company's stock valued at $3,622,000 after buying an additional 140,507 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of TPG RE Finance Trust during the fourth quarter worth $548,000. Deutsche Bank AG increased its stake in TPG RE Finance Trust by 114.6% in the fourth quarter. Deutsche Bank AG now owns 130,903 shares of the company's stock valued at $1,113,000 after purchasing an additional 69,895 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of TPG RE Finance Trust by 6.9% during the fourth quarter. Millennium Management LLC now owns 1,053,474 shares of the company's stock worth $8,955,000 after acquiring an additional 68,116 shares in the last quarter. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Price Performance

TRTX stock traded down $0.08 during trading on Wednesday, hitting $8.83. 143,515 shares of the company's stock traded hands, compared to its average volume of 676,657. TPG RE Finance Trust, Inc. has a 52 week low of $6.47 and a 52 week high of $9.31. The company has a debt-to-equity ratio of 2.75, a quick ratio of 193.29 and a current ratio of 193.29. The business has a fifty day simple moving average of $8.07 and a 200 day simple moving average of $8.03. The stock has a market capitalization of $693.56 million, a price-to-earnings ratio of 13.60, a P/E/G ratio of 2.61 and a beta of 1.63.

TPG RE Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, July 25th were given a dividend of $0.24 per share. The ex-dividend date was Friday, June 27th. This represents a $0.96 annualized dividend and a yield of 10.9%. TPG RE Finance Trust's dividend payout ratio (DPR) is 147.69%.

Analyst Upgrades and Downgrades

TRTX has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their target price on shares of TPG RE Finance Trust from $9.00 to $11.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Wall Street Zen raised shares of TPG RE Finance Trust from a "sell" rating to a "hold" rating in a report on Saturday. Finally, JPMorgan Chase & Co. upped their price objective on TPG RE Finance Trust from $7.00 to $8.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st.

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.