Penserra Capital Management LLC Purchases 9,228 Shares of TPG RE Finance Trust, Inc. $TRTX

Penserra Capital Management LLC boosted its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 7.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,138 shares of the company’s stock after acquiring an additional 9,228 shares during the period. Penserra Capital Management LLC’s holdings in TPG RE Finance Trust were worth $1,043,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRTX. CWM LLC lifted its stake in TPG RE Finance Trust by 473.7% in the 2nd quarter. CWM LLC now owns 3,517 shares of the company’s stock worth $27,000 after purchasing an additional 2,904 shares in the last quarter. New Age Alpha Advisors LLC grew its position in shares of TPG RE Finance Trust by 38.8% during the 1st quarter. New Age Alpha Advisors LLC now owns 7,009 shares of the company’s stock valued at $57,000 after purchasing an additional 1,959 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of TPG RE Finance Trust by 151.2% in the first quarter. AlphaQuest LLC now owns 8,567 shares of the company’s stock worth $70,000 after purchasing an additional 5,157 shares during the period. Strs Ohio purchased a new stake in shares of TPG RE Finance Trust in the first quarter worth $87,000. Finally, Vident Advisory LLC purchased a new stake in shares of TPG RE Finance Trust in the first quarter worth $118,000. Institutional investors own 57.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented 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, October 18th. Wells Fargo & Company lifted their price target on TPG RE Finance Trust from $9.00 to $11.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Citigroup lowered TPG RE Finance Trust to a “market perform” rating in a report on Wednesday, September 17th. JPMorgan Chase & Co. upped their price objective on shares of TPG RE Finance Trust from $10.00 to $10.50 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of TPG RE Finance Trust in a research note on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.75.

TPG RE Finance Trust Trading Up 0.5%

Shares of TRTX stock opened at $8.97 on Tuesday. The business has a 50-day moving average price of $8.95 and a two-hundred day moving average price of $8.45. TPG RE Finance Trust, Inc. has a 12-month low of $6.47 and a 12-month high of $9.85. The company has a quick ratio of 166.64, a current ratio of 166.64 and a debt-to-equity ratio of 2.61. The firm has a market cap of $701.60 million, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 2.37 and a beta of 1.67.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings data on Monday, June 6th. The company reported $0.27 EPS for the quarter. The firm had revenue of $40.06 million for the quarter. TPG RE Finance Trust had a return on equity of 6.37% and a net margin of 20.46%. Equities analysts anticipate that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current fiscal year.

TPG RE Finance Trust announced that its Board of Directors has authorized a share buyback program on Thursday, September 4th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the company to purchase up to 3.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

TPG RE Finance Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, September 26th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date was Friday, September 26th. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 147.69%.

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.