Y Intercept Hong Kong Ltd lifted its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 141.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,486 shares of the company's stock after buying an additional 71,845 shares during the period. Y Intercept Hong Kong Ltd owned about 0.15% of TPG RE Finance Trust worth $998,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of TRTX. Long Pond Capital LP raised its stake in shares of TPG RE Finance Trust by 117.1% during the 4th 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 in the last quarter. Wellington Management Group LLP purchased a new position in TPG RE Finance Trust in the 4th quarter valued at approximately $5,983,000. Solel Partners LP purchased a new position in TPG RE Finance Trust in the 4th quarter valued at approximately $5,097,000. Arrowstreet Capital Limited Partnership increased its stake 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 purchasing an additional 485,690 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in TPG RE Finance Trust by 23.6% in the 4th quarter. Two Sigma Advisers LP now owns 1,585,600 shares of the company's stock valued at $13,478,000 after purchasing an additional 303,100 shares in the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
TRTX has been the subject of several research analyst reports. Wall Street Zen downgraded TPG RE Finance Trust from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. JPMorgan Chase & Co. raised their price objective on TPG RE Finance Trust from $7.00 to $8.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company dropped their price objective 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.
View Our Latest Research Report on TRTX
TPG RE Finance Trust Trading Down 0.4%
Shares of NYSE:TRTX traded down $0.04 during midday trading on Monday, reaching $8.46. The company's stock had a trading volume of 114,757 shares, compared to its average volume of 669,558. The firm has a market cap of $675.22 million, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 2.51 and a beta of 1.60. The company has a quick ratio of 182.89, a current ratio of 182.89 and a debt-to-equity ratio of 2.52. TPG RE Finance Trust, Inc. has a 1 year low of $6.47 and a 1 year high of $9.31. The business has a 50 day moving average price of $7.93 and a 200 day moving average price of $8.02.
TPG RE Finance Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, July 25th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 11.35%. The ex-dividend date was Friday, June 27th. TPG RE Finance Trust's payout ratio is currently 137.14%.
TPG RE Finance Trust Company Profile
(
Free Report)
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.
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