TPG RE Finance Trust, Inc. (NYSE:TRTX) Stock Holdings Increased by Franklin Resources Inc.

Franklin Resources Inc. boosted its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 112.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 156,444 shares of the company’s stock after purchasing an additional 82,817 shares during the period. Franklin Resources Inc.’s holdings in TPG RE Finance Trust were worth $1,308,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TRTX. Meeder Asset Management Inc. acquired a new stake in shares of TPG RE Finance Trust during the 2nd quarter valued at $27,000. McIlrath & Eck LLC purchased a new stake in shares of TPG RE Finance Trust during the 3rd quarter worth about $58,000. Quarry LP increased its holdings in TPG RE Finance Trust by 1,731.6% in the second quarter. Quarry LP now owns 7,363 shares of the company’s stock worth $64,000 after buying an additional 6,961 shares during the last quarter. Mackenzie Financial Corp acquired a new position in TPG RE Finance Trust in the second quarter worth approximately $95,000. Finally, Zacks Investment Management acquired a new position in shares of TPG RE Finance Trust during the 3rd quarter worth $94,000. Institutional investors and hedge funds own 57.12% of the company’s stock.

TPG RE Finance Trust Trading Down 3.7 %

TPG RE Finance Trust stock opened at $8.40 on Friday. 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 quick ratio of 152.83 and a current ratio of 152.83. The firm has a market capitalization of $679.80 million, a PE ratio of 12.17, a PEG ratio of 0.25 and a beta of 2.17. The business’s 50-day simple moving average is $8.82 and its 200-day simple moving average is $8.73.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, December 27th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 11.43%. The ex-dividend date is Friday, December 27th. TPG RE Finance Trust’s dividend payout ratio is currently 139.13%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upgraded shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $9.00 to $9.50 in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TPG RE Finance Trust has a consensus rating of “Moderate Buy” and an average target price 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.