Los Angeles Capital Management LLC Raises Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Los Angeles Capital Management LLC raised its holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 9.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 154,722 shares of the company’s stock after purchasing an additional 13,048 shares during the quarter. Los Angeles Capital Management LLC owned 0.19% of TPG RE Finance Trust worth $1,320,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Long Pond Capital LP acquired a new position in TPG RE Finance Trust during the first quarter worth about $16,638,000. Millennium Management LLC raised its position in shares of TPG RE Finance Trust by 30.3% in the 2nd quarter. Millennium Management LLC now owns 1,174,646 shares of the company’s stock worth $10,149,000 after buying an additional 273,086 shares during the period. Nokomis Capital L.L.C. purchased a new position in shares of TPG RE Finance Trust in the 1st quarter worth about $1,437,000. Renaissance Technologies LLC lifted its position in TPG RE Finance Trust by 252.8% during the second quarter. Renaissance Technologies LLC now owns 123,094 shares of the company’s stock valued at $1,064,000 after buying an additional 88,200 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of TPG RE Finance Trust by 235.3% during the 2nd quarter. Acadian Asset Management LLC now owns 103,693 shares of the company’s stock valued at $894,000 after acquiring an additional 72,766 shares in the last quarter. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Up 0.5 %

Shares of NYSE:TRTX opened at $8.88 on Friday. The firm has a market cap of $718.64 million, a PE ratio of 12.87, a price-to-earnings-growth ratio of 0.25 and a beta of 2.18. The company has a fifty day simple moving average of $8.64 and a 200 day simple moving average of $8.65. The company has a current ratio of 152.83, a quick ratio of 152.83 and a debt-to-equity ratio of 2.03. TPG RE Finance Trust, Inc. has a 12-month low of $5.12 and a 12-month high of $9.66.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, September 27th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.81%. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 139.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. BTIG Research reaffirmed a “buy” rating and issued a $11.00 target price on shares of TPG RE Finance Trust in a research report on Friday, July 19th. JPMorgan Chase & Co. upgraded shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $9.00 to $9.50 in a research note on Thursday, October 17th. Finally, JMP Securities upped their target price on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, TPG RE Finance Trust presently has a consensus rating of “Moderate Buy” and an average price target of $9.08.

About TPG RE Finance Trust

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.