Infrastructure Capital Advisors LLC Grows Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Infrastructure Capital Advisors LLC boosted its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 84.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 114,031 shares of the company’s stock after purchasing an additional 52,299 shares during the quarter. Infrastructure Capital Advisors LLC owned about 0.15% of TPG RE Finance Trust worth $828,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC increased its holdings in TPG RE Finance Trust by 2.7% during the 1st quarter. Renaissance Technologies LLC now owns 316,394 shares of the company’s stock worth $2,297,000 after purchasing an additional 8,400 shares during the period. BlackRock Inc. increased its holdings in shares of TPG RE Finance Trust by 0.3% in the 1st quarter. BlackRock Inc. now owns 5,507,192 shares of the company’s stock valued at $39,982,000 after acquiring an additional 17,688 shares during the period. BNP Paribas Arbitrage SNC increased its holdings in shares of TPG RE Finance Trust by 251.0% in the 1st quarter. BNP Paribas Arbitrage SNC now owns 36,320 shares of the company’s stock valued at $264,000 after acquiring an additional 25,973 shares during the period. Bank of America Corp DE increased its holdings in shares of TPG RE Finance Trust by 155.7% in the 1st quarter. Bank of America Corp DE now owns 843,809 shares of the company’s stock valued at $6,126,000 after acquiring an additional 513,815 shares during the period. Finally, UBS Group AG increased its holdings in shares of TPG RE Finance Trust by 139.4% in the 1st quarter. UBS Group AG now owns 196,921 shares of the company’s stock valued at $1,430,000 after acquiring an additional 114,671 shares during the period. 57.19% of the stock is currently owned by hedge funds and other institutional investors.

TPG RE Finance Trust Stock Performance

Shares of TRTX opened at $7.52 on Friday. The stock has a 50-day moving average of $7.25 and a two-hundred day moving average of $7.15. TPG RE Finance Trust, Inc. has a one year low of $5.14 and a one year high of $9.30. The company has a debt-to-equity ratio of 2.63, a quick ratio of 110.25 and a current ratio of 110.25. The stock has a market cap of $584.53 million, a P/E ratio of -3.78 and a beta of 1.90.

TPG RE Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Wednesday, June 28th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, June 27th. This represents a $0.96 dividend on an annualized basis and a yield of 12.77%. TPG RE Finance Trust’s dividend payout ratio is currently -48.24%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on TPG RE Finance Trust from $6.50 to $7.50 in a research note on Monday, July 24th. Raymond James dropped their target price on TPG RE Finance Trust from $11.00 to $9.00 in a research note on Friday, May 12th. Finally, TheStreet downgraded TPG RE Finance Trust from a “c-” rating to a “d” rating in a research note on Thursday, August 17th. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $7.88.

TPG RE Finance Trust 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.