Squarepoint Ops LLC Takes $203,000 Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Squarepoint Ops LLC bought a new position in TPG RE Finance Trust, Inc. (NYSE:TRTX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,856 shares of the company’s stock, valued at approximately $203,000.

Several other large investors also recently modified their holdings of TRTX. New Age Alpha Advisors LLC purchased a new stake in shares of TPG RE Finance Trust in the 4th quarter worth about $43,000. KLP Kapitalforvaltning AS bought a new position in TPG RE Finance Trust in the fourth quarter worth about $75,000. Virtu Financial LLC purchased a new stake in TPG RE Finance Trust in the fourth quarter worth about $85,000. Stratos Wealth Partners LTD. boosted its position in TPG RE Finance Trust by 20.4% during the 4th 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 in the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in TPG RE Finance Trust during the 4th quarter valued at approximately $134,000. 57.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TRTX. Wells Fargo & Company lowered their target price on 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. JPMorgan Chase & Co. boosted their target price on shares of TPG RE Finance Trust from $7.00 to $8.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Finally, Wall Street Zen downgraded shares of TPG RE Finance Trust from a “hold” rating to a “sell” rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.50.

TPG RE Finance Trust Stock Performance

Shares of TRTX opened at $7.86 on Monday. The company has a quick ratio of 152.83, a current ratio of 156.81 and a debt-to-equity ratio of 2.14. The stock has a market cap of $628.00 million, a P/E ratio of 10.49, a P/E/G ratio of 0.25 and a beta of 1.62. The business’s 50 day moving average price is $7.50 and its 200-day moving average price is $8.21. TPG RE Finance Trust, Inc. has a 52 week low of $6.47 and a 52 week high of $9.66.

TPG RE Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 28th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 12.21%. The ex-dividend date of this dividend was Friday, March 28th. TPG RE Finance Trust’s dividend payout ratio (DPR) is 137.14%.

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.