Deutsche Bank AG Buys 69,895 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Deutsche Bank AG raised its stake in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 114.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,903 shares of the company’s stock after buying an additional 69,895 shares during the quarter. Deutsche Bank AG owned 0.16% of TPG RE Finance Trust worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Voya Investment Management LLC increased its position in shares of TPG RE Finance Trust by 3.9% in the 4th quarter. Voya Investment Management LLC now owns 64,401 shares of the company’s stock valued at $547,000 after buying an additional 2,417 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in TPG RE Finance Trust by 7.8% during the fourth quarter. MetLife Investment Management LLC now owns 34,322 shares of the company’s stock worth $292,000 after acquiring an additional 2,490 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in TPG RE Finance Trust by 20.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company’s stock valued at $131,000 after acquiring an additional 2,623 shares during the period. Cerity Partners LLC increased its holdings in shares of TPG RE Finance Trust by 4.1% in the fourth quarter. Cerity Partners LLC now owns 71,828 shares of the company’s stock worth $611,000 after acquiring an additional 2,837 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of TPG RE Finance Trust by 7.2% during the fourth quarter. Legal & General Group Plc now owns 57,095 shares of the company’s stock worth $485,000 after purchasing an additional 3,812 shares during the period. Institutional investors own 57.12% of the company’s stock.

Analyst Ratings Changes

TRTX has been the subject of several research reports. Wells Fargo & Company lowered their price objective on shares of TPG RE Finance Trust from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Wall Street Zen raised shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their target price on TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.50.

TPG RE Finance Trust Stock Up 0.6%

Shares of TRTX opened at $7.62 on Monday. The firm has a 50 day simple moving average of $7.63 and a two-hundred day simple moving average of $8.29. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. TPG RE Finance Trust, Inc. has a one year low of $6.47 and a one year high of $9.66. The company has a market cap of $608.11 million, a P/E ratio of 10.15, a P/E/G ratio of 0.25 and a beta of 1.63.

TPG RE Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, March 28th were given a dividend of $0.24 per share. The ex-dividend date was Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a yield of 12.61%. TPG RE Finance Trust’s dividend payout ratio is currently 137.14%.

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.