ProShare Advisors LLC Grows Stock Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

ProShare Advisors LLC lifted its holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 49.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,797 shares of the company’s stock after buying an additional 5,527 shares during the period. ProShare Advisors LLC’s holdings in TPG RE Finance Trust were worth $143,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRTX. SG Americas Securities LLC raised its position in TPG RE Finance Trust by 19.3% during the fourth quarter. SG Americas Securities LLC now owns 30,596 shares of the company’s stock valued at $260,000 after purchasing an additional 4,944 shares during the period. Golden State Equity Partners lifted its stake in TPG RE Finance Trust by 375.7% in the fourth quarter. Golden State Equity Partners now owns 105,045 shares of the company’s stock worth $893,000 after purchasing an additional 82,964 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of TPG RE Finance Trust by 20.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company’s stock valued at $131,000 after buying an additional 2,623 shares during the period. Van ECK Associates Corp bought a new position in shares of TPG RE Finance Trust during the fourth quarter valued at approximately $5,588,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of TPG RE Finance Trust in the fourth quarter worth approximately $2,287,000. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Performance

TRTX stock opened at $7.55 on Tuesday. TPG RE Finance Trust, Inc. has a 1-year low of $6.47 and a 1-year high of $9.66. The business has a 50-day moving average price of $7.53 and a 200 day moving average price of $8.24. The company has a market capitalization of $602.92 million, a P/E ratio of 10.07, a PEG ratio of 0.25 and a beta of 1.63. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, March 28th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 12.72%. The ex-dividend date of this dividend was Friday, March 28th. TPG RE Finance Trust’s dividend payout ratio (DPR) is 137.14%.

Analyst Ratings Changes

A number of analysts have recently issued reports on TRTX shares. Wells Fargo & Company lowered their target price on shares of TPG RE Finance Trust from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. Wall Street Zen cut shares of TPG RE Finance Trust from a “hold” rating to a “sell” rating in a research report on Friday. Finally, JPMorgan Chase & Co. upped their target price on shares of TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

About TPG RE Finance Trust

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.