Segall Bryant & Hamill LLC Acquires Shares of 271,762 TPG RE Finance Trust, Inc. (NYSE:TRTX)

Segall Bryant & Hamill LLC bought a new stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 271,762 shares of the company’s stock, valued at approximately $2,318,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Long Pond Capital LP increased its holdings in TPG RE Finance Trust by 32.4% in the second quarter. Long Pond Capital LP now owns 2,852,894 shares of the company’s stock worth $24,649,000 after buying an additional 697,736 shares during the last quarter. Millennium Management LLC grew its position in TPG RE Finance Trust by 30.3% in the second quarter. Millennium Management LLC now owns 1,174,646 shares of the company’s stock worth $10,149,000 after acquiring an additional 273,086 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of TPG RE Finance Trust by 882.6% during the 3rd quarter. GSA Capital Partners LLP now owns 206,078 shares of the company’s stock worth $1,758,000 after purchasing an additional 185,105 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of TPG RE Finance Trust by 252.8% during the 2nd quarter. Renaissance Technologies LLC now owns 123,094 shares of the company’s stock valued at $1,064,000 after purchasing an additional 88,200 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of TPG RE Finance Trust by 235.3% in the 2nd quarter. Acadian Asset Management LLC now owns 103,693 shares of the company’s stock valued at $894,000 after purchasing an additional 72,766 shares during the last quarter. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JPMorgan Chase & Co. raised shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $9.00 to $9.50 in a research report on Thursday, October 17th. JMP Securities increased their price objective on TPG RE Finance Trust from $9.50 to $10.00 and gave the company a “market outperform” rating in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, TPG RE Finance Trust currently has an average rating of “Moderate Buy” and a consensus target price of $9.08.

TPG RE Finance Trust Stock Up 1.1 %

TRTX stock opened at $8.88 on Friday. The stock has a market capitalization of $718.66 million, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 0.25 and a beta of 2.18. The company has a 50-day moving average of $8.63 and a two-hundred day moving average of $8.68. TPG RE Finance Trust, Inc. has a 52-week low of $5.12 and a 52-week high of $9.66. The company has a debt-to-equity ratio of 2.03, a current ratio of 152.83 and a quick ratio of 152.83.

TPG RE Finance Trust Dividend Announcement

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

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.