TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its position in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 35.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 149,324 shares of the company’s stock after purchasing an additional 39,379 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.18% of TPG RE Finance Trust worth $1,274,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Long Pond Capital LP lifted its holdings in shares of TPG RE Finance Trust by 32.4% in the second quarter. Long Pond Capital LP now owns 2,852,894 shares of the company’s stock valued at $24,649,000 after buying an additional 697,736 shares during the period. Millennium Management LLC raised its position in TPG RE Finance Trust by 30.3% in the second quarter. Millennium Management LLC now owns 1,174,646 shares of the company’s stock worth $10,149,000 after acquiring an additional 273,086 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in TPG RE Finance Trust in the 3rd quarter valued at about $2,318,000. Algert Global LLC lifted its holdings in TPG RE Finance Trust by 12.8% in the 2nd quarter. Algert Global LLC now owns 218,846 shares of the company’s stock valued at $1,891,000 after acquiring an additional 24,836 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of TPG RE Finance Trust by 882.6% in the 3rd quarter. GSA Capital Partners LLP now owns 206,078 shares of the company’s stock worth $1,758,000 after purchasing an additional 185,105 shares during the last quarter. 57.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. JMP Securities increased their target price on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. upgraded TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $9.00 to $9.50 in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat, TPG RE Finance Trust currently has an average rating of “Moderate Buy” and a consensus target price of $9.08.

TPG RE Finance Trust Stock Performance

TPG RE Finance Trust stock opened at $9.18 on Wednesday. The company has a debt-to-equity ratio of 2.03, a current ratio of 152.83 and a quick ratio of 152.83. The company has a market cap of $742.53 million, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 0.25 and a beta of 2.18. TPG RE Finance Trust, Inc. has a fifty-two week low of $5.12 and a fifty-two week high of $9.66. The firm’s 50 day simple moving average is $8.64 and its 200-day simple moving average is $8.68.

TPG RE Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, September 27th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 10.46%. The ex-dividend date was Friday, September 27th. TPG RE Finance Trust’s dividend payout ratio (DPR) is currently 139.13%.

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.