TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Bought by Quest Partners LLC

Quest Partners LLC lifted its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 165.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,876 shares of the company’s stock after buying an additional 37,313 shares during the quarter. Quest Partners LLC owned about 0.07% of TPG RE Finance Trust worth $517,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TRTX. Long Pond Capital LP purchased a new stake in TPG RE Finance Trust in the first quarter valued at $16,638,000. Nokomis Capital L.L.C. acquired a new stake in shares of TPG RE Finance Trust in the 1st quarter valued at about $1,437,000. Los Angeles Capital Management LLC purchased a new position in TPG RE Finance Trust during the 1st quarter worth approximately $952,000. Evoke Wealth LLC lifted its stake in TPG RE Finance Trust by 183.0% in the fourth quarter. Evoke Wealth LLC now owns 182,710 shares of the company’s stock valued at $1,231,000 after buying an additional 118,149 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in TPG RE Finance Trust by 9.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,230,218 shares of the company’s stock valued at $7,996,000 after purchasing an additional 108,106 shares during the last quarter. Institutional investors and hedge funds own 57.12% of the company’s stock.

TPG RE Finance Trust Trading Up 2.4 %

Shares of TPG RE Finance Trust stock opened at $8.96 on Friday. The firm has a market cap of $725.13 million, a price-to-earnings ratio of -5.71, a price-to-earnings-growth ratio of 0.24 and a beta of 2.19. TPG RE Finance Trust, Inc. has a 52-week low of $4.64 and a 52-week high of $9.66. The company’s 50-day simple moving average is $8.80 and its 200-day simple moving average is $8.31. The company has a quick ratio of 154.59, a current ratio of 154.59 and a debt-to-equity ratio of 2.13.

TPG RE Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, June 27th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 10.71%. The ex-dividend date of this dividend was Thursday, June 27th. TPG RE Finance Trust’s payout ratio is -61.15%.

Wall Street Analyst Weigh In

A number of research analysts have commented on TRTX shares. BTIG Research restated a “buy” rating and issued a $11.00 price objective on shares of TPG RE Finance Trust in a research note on Friday, July 19th. JMP Securities upped their price objective on 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 equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $8.75.

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.