Millennium Management LLC Raises Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Millennium Management LLC increased its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 6.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,053,474 shares of the company’s stock after purchasing an additional 68,116 shares during the quarter. Millennium Management LLC owned 1.30% of TPG RE Finance Trust worth $8,955,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in TPG RE Finance Trust by 7.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,101 shares of the company’s stock worth $290,000 after buying an additional 2,478 shares during the period. Graham Capital Management L.P. lifted its stake in shares of TPG RE Finance Trust by 124.7% during the fourth quarter. Graham Capital Management L.P. now owns 84,586 shares of the company’s stock worth $719,000 after purchasing an additional 46,937 shares in the last quarter. FJ Capital Management LLC boosted its position in shares of TPG RE Finance Trust by 295.8% in the fourth quarter. FJ Capital Management LLC now owns 173,812 shares of the company’s stock worth $1,477,000 after buying an additional 129,902 shares during the period. Deutsche Bank AG grew its stake in shares of TPG RE Finance Trust by 114.6% in the fourth quarter. Deutsche Bank AG now owns 130,903 shares of the company’s stock valued at $1,113,000 after buying an additional 69,895 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of TPG RE Finance Trust by 48.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 389,905 shares of the company’s stock valued at $3,314,000 after purchasing an additional 126,482 shares during the period. Hedge funds and other institutional investors own 57.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TRTX. Wall Street Zen raised TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. boosted 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. Finally, Wells Fargo & Company dropped their target price on shares of TPG RE Finance Trust from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, TPG RE Finance Trust presently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

TPG RE Finance Trust Stock Up 0.6%

TPG RE Finance Trust stock opened at $7.62 on Monday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81. TPG RE Finance Trust, Inc. has a twelve month low of $6.47 and a twelve month high of $9.66. The firm’s 50 day moving average price is $7.63 and its two-hundred day moving average price is $8.29. The firm has a market cap of $608.11 million, a PE 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 firm 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. This represents a $0.96 annualized dividend and a yield of 12.61%. The ex-dividend date of this dividend was Friday, March 28th. TPG RE Finance Trust’s payout ratio is presently 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.