TFO Wealth Partners LLC Has $46,000 Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

TFO Wealth Partners LLC increased its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTXFree Report) by 35,280.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,076 shares of the company’s stock after buying an additional 7,056 shares during the quarter. TFO Wealth Partners LLC’s holdings in TPG RE Finance Trust were worth $46,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in TPG RE Finance Trust by 51.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,186 shares of the company’s stock valued at $99,000 after acquiring an additional 5,128 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in TPG RE Finance Trust by 17.2% in the 4th quarter. BNP Paribas Financial Markets now owns 54,255 shares of the company’s stock valued at $353,000 after purchasing an additional 7,964 shares during the last quarter. SG Americas Securities LLC lifted its stake in TPG RE Finance Trust by 29.2% in the 4th quarter. SG Americas Securities LLC now owns 35,403 shares of the company’s stock valued at $230,000 after purchasing an additional 8,007 shares during the last quarter. Penserra Capital Management LLC grew its stake in shares of TPG RE Finance Trust by 14.4% during the third quarter. Penserra Capital Management LLC now owns 77,743 shares of the company’s stock worth $523,000 after buying an additional 9,805 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new position in shares of TPG RE Finance Trust in the 3rd quarter valued at $70,000. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Stock Down 1.9 %

NYSE:TRTX opened at $8.45 on Friday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 138.05 and a current ratio of 138.05. The firm has a fifty day simple moving average of $8.09 and a two-hundred day simple moving average of $7.05. TPG RE Finance Trust, Inc. has a 12 month low of $4.64 and a 12 month high of $8.96.

TPG RE Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, March 28th were issued a $0.24 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.96 annualized dividend and a yield of 11.36%. TPG RE Finance Trust’s payout ratio is currently -61.15%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TRTX. JPMorgan Chase & Co. raised their price objective on shares of TPG RE Finance Trust from $7.00 to $7.50 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Raymond James lowered TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 target price for the company. in a research report on Friday, April 12th. Bank of America reissued an “underperform” rating and issued a $6.50 price target on shares of TPG RE Finance Trust in a research note on Monday, March 4th. Finally, Wells Fargo & Company lifted their price objective on TPG RE Finance Trust from $7.00 to $9.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8.10.

View Our Latest Analysis on TPG RE Finance Trust

Insider Buying and Selling at TPG RE Finance Trust

In other news, major shareholder Starwood Capital Group Global sold 9,352,941 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $8.84, for a total transaction of $82,679,998.44. Following the transaction, the insider now directly owns 2,647,059 shares of the company’s stock, valued at $23,400,001.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.50% of the company’s stock.

TPG RE Finance Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TPG RE Finance Trust (NYSE:TRTX)

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