UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 37,282 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 23.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 193,214 shares of the company’s stock after purchasing an additional 37,282 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.24% of TPG RE Finance Trust worth $1,642,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Prudential Financial Inc. bought a new stake in TPG RE Finance Trust in the fourth quarter worth $1,526,000. Bank of America Corp DE boosted its stake in TPG RE Finance Trust by 49.2% in the 4th quarter. Bank of America Corp DE now owns 426,174 shares of the company’s stock worth $3,622,000 after purchasing an additional 140,507 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in TPG RE Finance Trust during the 4th quarter valued at about $548,000. Teacher Retirement System of Texas grew its position in TPG RE Finance Trust by 41.7% during the 4th quarter. Teacher Retirement System of Texas now owns 293,525 shares of the company’s stock valued at $2,495,000 after purchasing an additional 86,337 shares during the last quarter. Finally, Deutsche Bank AG lifted 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 worth $1,113,000 after buying an additional 69,895 shares in the last quarter. 57.12% of the stock is currently owned by institutional investors.

TPG RE Finance Trust Price Performance

NYSE TRTX opened at $7.86 on Monday. TPG RE Finance Trust, Inc. has a 12 month low of $6.47 and a 12 month high of $9.66. The stock has a market cap of $628.00 million, a price-to-earnings ratio of 10.49, a PEG ratio of 0.25 and a beta of 1.62. The company’s 50 day moving average is $7.50 and its two-hundred day moving average is $8.21. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 28th were issued 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 12.21%. TPG RE Finance Trust’s dividend payout ratio is presently 137.14%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on TPG RE Finance Trust from $7.00 to $8.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. 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 on the stock in a research note on Thursday, May 1st. Finally, Wall Street Zen cut shares of TPG RE Finance Trust from a “hold” rating to a “sell” rating in a research note on Friday, May 30th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.50.

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.