Golden State Equity Partners Boosts Stock Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Golden State Equity Partners lifted its holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 5.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,170 shares of the company’s stock after acquiring an additional 5,410 shares during the period. Golden State Equity Partners owned 0.13% of TPG RE Finance Trust worth $897,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TRTX. Meeder Asset Management Inc. bought a new position in TPG RE Finance Trust in the second quarter worth approximately $27,000. Quarry LP lifted its position in TPG RE Finance Trust by 1,731.6% during the second quarter. Quarry LP now owns 7,363 shares of the company’s stock valued at $64,000 after purchasing an additional 6,961 shares during the period. Mackenzie Financial Corp acquired a new stake in TPG RE Finance Trust during the 2nd quarter worth about $95,000. Bailard Inc. purchased a new stake in shares of TPG RE Finance Trust in the second quarter worth about $102,000. Finally, Caxton Associates LP purchased a new position in shares of TPG RE Finance Trust during the 2nd quarter valued at approximately $106,000. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Up 3.0 %

NYSE TRTX traded up $0.25 during trading hours on Wednesday, reaching $8.57. 87,389 shares of the company traded hands, compared to its average volume of 618,241. The stock has a market capitalization of $693.56 million, a PE ratio of -5.30, a PEG ratio of 0.24 and a beta of 2.19. The company has a 50 day moving average of $8.64 and a two-hundred day moving average of $8.55. The company has a current ratio of 154.59, a quick ratio of 154.59 and a debt-to-equity ratio of 2.13. TPG RE Finance Trust, Inc. has a 12 month low of $4.64 and a 12 month high of $9.66.

TPG RE Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, September 27th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.96 dividend on an annualized basis and a yield of 11.20%. TPG RE Finance Trust’s payout ratio is currently -61.15%.

Wall Street Analyst Weigh In

TRTX has been the subject of several recent research reports. BTIG Research reissued a “buy” rating and issued a $11.00 price objective on shares of TPG RE Finance Trust in a research note on Friday, July 19th. JMP Securities increased their target price on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. upgraded TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $9.00 to $9.50 in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.08.

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.