TPG RE Finance Trust, Inc. (NYSE:TRTX) Stock Holdings Lifted by Golden State Equity Partners

Golden State Equity Partners lifted its position in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 375.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 105,045 shares of the company’s stock after acquiring an additional 82,964 shares during the quarter. Golden State Equity Partners’ holdings in TPG RE Finance Trust were worth $893,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its stake in TPG RE Finance Trust by 88.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 5,847 shares of the company’s stock valued at $50,000 after purchasing an additional 2,742 shares during the period. McIlrath & Eck LLC acquired a new position in TPG RE Finance Trust during the third quarter valued at $58,000. Zacks Investment Management purchased a new stake in TPG RE Finance Trust in the 3rd quarter worth about $94,000. Mackenzie Financial Corp acquired a new stake in TPG RE Finance Trust during the 2nd quarter worth about $95,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in TPG RE Finance Trust during the 3rd quarter valued at about $99,000. Institutional investors and hedge funds own 57.12% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their price target on shares of TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating for the company in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $8.92.

TPG RE Finance Trust Stock Down 0.1 %

TRTX opened at $8.42 on Monday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 152.83 and a current ratio of 152.83. The business has a 50 day moving average price of $8.68 and a 200 day moving average price of $8.69. The firm has a market cap of $681.03 million, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 0.26 and a beta of 2.16. TPG RE Finance Trust, Inc. has a twelve month low of $5.12 and a twelve month high of $9.66.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, December 27th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 11.41%. The ex-dividend date was Friday, December 27th. TPG RE Finance Trust’s dividend payout ratio is currently 139.13%.

TPG RE Finance Trust Company 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.