SG Americas Securities LLC Purchases 8,007 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

SG Americas Securities LLC boosted its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 29.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,403 shares of the company’s stock after purchasing an additional 8,007 shares during the period. SG Americas Securities LLC’s holdings in TPG RE Finance Trust were worth $230,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TRTX. Raymond James & Associates grew its holdings in shares of TPG RE Finance Trust by 61.9% in the 1st quarter. Raymond James & Associates now owns 71,955 shares of the company’s stock valued at $850,000 after acquiring an additional 27,501 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of TPG RE Finance Trust in the 1st quarter valued at about $53,000. MetLife Investment Management LLC grew its holdings in shares of TPG RE Finance Trust by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 32,389 shares of the company’s stock valued at $383,000 after acquiring an additional 11,549 shares in the last quarter. Allianz Asset Management GmbH bought a new position in shares of TPG RE Finance Trust in the 1st quarter valued at about $4,095,000. Finally, Dakota Wealth Management bought a new position in shares of TPG RE Finance Trust in the 1st quarter valued at about $341,000. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Trading Up 1.6 %

Shares of TRTX stock opened at $7.58 on Friday. The firm has a 50 day moving average price of $6.98 and a two-hundred day moving average price of $6.45. The company has a quick ratio of 158.41, a current ratio of 158.41 and a debt-to-equity ratio of 2.46. The company has a market capitalization of $590.25 million, a PE ratio of -4.49 and a beta of 2.10. TPG RE Finance Trust, Inc. has a 12-month low of $4.64 and a 12-month high of $8.12.

TPG RE Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.96 annualized dividend and a yield of 12.66%. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently -56.80%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TRTX shares. JPMorgan Chase & Co. raised their target price on shares of TPG RE Finance Trust from $7.00 to $7.50 and gave the company a “neutral” rating in a research note on Wednesday. Wells Fargo & Company raised their target price on shares of TPG RE Finance Trust from $6.00 to $7.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Finally, Bank of America reiterated an “underperform” rating and issued a $6.50 target price on shares of TPG RE Finance Trust in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.70.

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.