TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Purchased by Algert Global LLC

Algert Global LLC lifted its position in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 12.8% during the second quarter, HoldingsChannel.com reports. The fund owned 218,846 shares of the company’s stock after acquiring an additional 24,836 shares during the period. Algert Global LLC’s holdings in TPG RE Finance Trust were worth $1,891,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Long Pond Capital LP purchased a new position in TPG RE Finance Trust during the first quarter worth approximately $16,638,000. Millennium Management LLC lifted its position in TPG RE Finance Trust by 30.3% during the second 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 in the last quarter. Nokomis Capital L.L.C. purchased a new stake in TPG RE Finance Trust in the first quarter valued at $1,437,000. Los Angeles Capital Management LLC purchased a new stake in TPG RE Finance Trust in the first quarter valued at $952,000. Finally, Renaissance Technologies LLC raised its position in TPG RE Finance Trust by 252.8% in the second 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 during the period. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Trading Up 2.1 %

Shares of NYSE TRTX opened at $8.40 on Thursday. TPG RE Finance Trust, Inc. has a twelve month low of $4.64 and a twelve month high of $9.66. The company has a current ratio of 154.59, a quick ratio of 154.59 and a debt-to-equity ratio of 2.13. The stock has a fifty day simple moving average of $8.69 and a 200-day simple moving average of $8.45. The stock has a market capitalization of $673.98 million, a PE ratio of -5.35, a PEG ratio of 0.23 and a beta of 2.19.

TPG RE Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, September 27th will be paid a $0.24 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.43%. TPG RE Finance Trust’s payout ratio is presently -61.15%.

Analysts Set New Price Targets

TRTX has been the topic of a number of research analyst reports. JMP Securities lifted their target price on TPG RE Finance Trust from $9.50 to $10.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 21st. BTIG Research restated 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $8.75.

TPG RE Finance Trust Company Profile

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.