Swiss National Bank Purchases 21,900 Shares of TPG RE Finance Trust, Inc. $TRTX

Swiss National Bank boosted its position in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 19.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 133,300 shares of the company’s stock after purchasing an additional 21,900 shares during the quarter. Swiss National Bank owned approximately 0.17% of TPG RE Finance Trust worth $1,086,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Arlington Trust Co LLC bought a new position in TPG RE Finance Trust in the first quarter worth $41,000. New Age Alpha Advisors LLC raised its holdings in TPG RE Finance Trust by 38.8% in the first quarter. New Age Alpha Advisors LLC now owns 7,009 shares of the company’s stock worth $57,000 after purchasing an additional 1,959 shares in the last quarter. ProShare Advisors LLC raised its holdings in TPG RE Finance Trust by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 16,797 shares of the company’s stock worth $143,000 after purchasing an additional 5,527 shares in the last quarter. Arizona State Retirement System raised its holdings in TPG RE Finance Trust by 20.0% in the first quarter. Arizona State Retirement System now owns 19,731 shares of the company’s stock worth $161,000 after purchasing an additional 3,290 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in TPG RE Finance Trust in the fourth quarter worth $203,000. Institutional investors own 57.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective 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. Wall Street Zen upgraded TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Wells Fargo & Company raised their price target on TPG RE Finance Trust from $9.00 to $11.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, TPG RE Finance Trust currently has a consensus rating of “Buy” and an average target price of $9.50.

TPG RE Finance Trust Price Performance

Shares of NYSE:TRTX opened at $9.1650 on Tuesday. TPG RE Finance Trust, Inc. has a 1-year low of $6.47 and a 1-year high of $9.32. The company has a debt-to-equity ratio of 2.75, a current ratio of 193.29 and a quick ratio of 193.29. The business has a fifty day moving average price of $8.41 and a 200-day moving average price of $8.09. The company has a market capitalization of $720.29 million, a PE ratio of 14.10, a PEG ratio of 2.48 and a beta of 1.63.

TPG RE Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, July 25th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 10.5%. The ex-dividend date was Friday, June 27th. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 147.69%.

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.