Universal Beteiligungs und Servicegesellschaft mbH Takes 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 acquired a new stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TRTX. Raymond James Financial Inc. purchased a new position in shares of TPG RE Finance Trust during the fourth quarter valued at about $548,000. KLP Kapitalforvaltning AS purchased a new position in shares of TPG RE Finance Trust during the fourth quarter valued at about $75,000. Vanguard Group Inc. grew its position in shares of TPG RE Finance Trust by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 4,939,620 shares of the company's stock valued at $41,987,000 after purchasing an additional 63,529 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of TPG RE Finance Trust during the fourth quarter valued at about $1,526,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of TPG RE Finance Trust by 90.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,019,924 shares of the company's stock valued at $8,669,000 after purchasing an additional 485,690 shares in the last quarter. Hedge funds and other institutional investors own 57.12% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wall Street Zen upgraded TPG RE Finance Trust from a "sell" rating to a "hold" rating in a research report on Saturday. JPMorgan Chase & Co. lifted their price target 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. Finally, Wells Fargo & Company lifted their price target on TPG RE Finance Trust from $9.00 to $11.00 and gave the stock an "overweight" rating in a research report on Thursday.

TPG RE Finance Trust Trading Down 0.2%

TRTX opened at $8.68 on Friday. The firm has a market cap of $682.16 million, a P/E ratio of 13.35, a P/E/G ratio of 2.53 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 $9.31. The company has a current ratio of 193.29, a quick ratio of 182.89 and a debt-to-equity ratio of 2.75. The stock has a 50-day moving average of $8.02 and a 200 day moving average of $8.03.

TPG RE Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, July 25th were given a $0.24 dividend. The ex-dividend date was Friday, June 27th. This represents a $0.96 annualized dividend and a yield of 11.1%. TPG RE Finance Trust's dividend payout ratio (DPR) is currently 147.69%.

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.

Want to see what other hedge funds are holding TRTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.