Meeder Asset Management Inc. Acquires Shares of 3,105 TPG RE Finance Trust, Inc. (NYSE:TRTX)

Meeder Asset Management Inc. acquired a new stake in TPG RE Finance Trust, Inc. (NYSE:TRTX) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,105 shares of the company’s stock, valued at approximately $27,000.

Other large investors also recently added to or reduced their stakes in the company. Long Pond Capital LP bought a new stake in shares of TPG RE Finance Trust in the 1st quarter valued at about $16,638,000. Charles Schwab Investment Management Inc. raised its holdings in shares of TPG RE Finance Trust by 9.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,230,218 shares of the company’s stock valued at $7,996,000 after purchasing an additional 108,106 shares in the last quarter. Nokomis Capital L.L.C. bought a new stake in shares of TPG RE Finance Trust in the 1st quarter valued at about $1,437,000. Evoke Wealth LLC raised its holdings in shares of TPG RE Finance Trust by 183.0% in the 4th quarter. Evoke Wealth LLC now owns 182,710 shares of the company’s stock valued at $1,231,000 after purchasing an additional 118,149 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in shares of TPG RE Finance Trust by 14.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 141,674 shares of the company’s stock valued at $1,224,000 after purchasing an additional 18,337 shares in the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.

TPG RE Finance Trust Trading Up 0.7 %

NYSE TRTX opened at $9.02 on Monday. The company has a quick ratio of 154.59, a current ratio of 154.59 and a debt-to-equity ratio of 2.13. The firm has a market cap of $729.99 million, a PE ratio of -5.75, a price-to-earnings-growth ratio of 0.25 and a beta of 2.19. The company has a 50 day moving average price of $8.81 and a 200 day moving average price of $8.34. TPG RE Finance Trust, Inc. has a 52 week low of $4.64 and a 52 week high of $9.66.

Wall Street Analyst Weigh In

TRTX has been the subject of several recent research reports. JMP Securities boosted their price target on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the company a “market outperform” rating in a report on Wednesday, August 21st. BTIG Research restated a “buy” rating and issued a $11.00 price target on shares of TPG RE Finance Trust in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $8.75.

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.