Voya Investment Management LLC Has $737,000 Holdings in TPG RE Finance Trust, Inc. $TRTX

Voya Investment Management LLC increased its stake in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 40.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,391 shares of the company’s stock after buying an additional 25,990 shares during the quarter. Voya Investment Management LLC owned approximately 0.11% of TPG RE Finance Trust worth $737,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TRTX. Arlington Trust Co LLC acquired a new stake in shares of TPG RE Finance Trust in the 1st quarter valued at approximately $41,000. New Age Alpha Advisors LLC boosted its holdings in shares of TPG RE Finance Trust by 38.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 7,009 shares of the company’s stock valued at $57,000 after buying an additional 1,959 shares during the last quarter. AlphaQuest LLC boosted its holdings in shares of TPG RE Finance Trust by 151.2% in the 1st quarter. AlphaQuest LLC now owns 8,567 shares of the company’s stock valued at $70,000 after buying an additional 5,157 shares during the last quarter. Strs Ohio acquired a new stake in shares of TPG RE Finance Trust in the 1st quarter valued at approximately $87,000. Finally, Vident Advisory LLC acquired a new stake in shares of TPG RE Finance Trust in the 1st quarter valued at approximately $118,000. Institutional investors and hedge funds own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Down 2.6%

TRTX stock opened at $8.83 on Friday. 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 stock has a market capitalization of $693.56 million, a price-to-earnings ratio of 13.58, a PEG ratio of 2.44 and a beta of 1.68. The business’s fifty day moving average price is $9.03 and its two-hundred day moving average price is $8.22. TPG RE Finance Trust, Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $9.85.

TPG RE Finance Trust declared that its Board of Directors has approved a share buyback program on Thursday, September 4th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

TPG RE Finance Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, September 26th will be given a $0.24 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.9%. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 147.69%.

Analysts Set New Price Targets

Several research firms have recently commented on TRTX. JMP Securities reissued a “market perform” rating on shares of TPG RE Finance Trust in a report on Wednesday, September 17th. Citigroup downgraded TPG RE Finance Trust to a “market perform” rating in a report on Wednesday, September 17th. 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. Wall Street Zen downgraded TPG RE Finance Trust from a “hold” rating to a “sell” rating in a report on Saturday, September 20th. Finally, Zacks Research raised TPG RE Finance Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, TPG RE Finance Trust currently has an average rating of “Moderate Buy” and a consensus target price 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.