Dynamic Technology Lab Private Ltd Purchases Shares of 11,605 TPG RE Finance Trust, Inc. (NYSE:TRTX)

Dynamic Technology Lab Private Ltd purchased a new stake in TPG RE Finance Trust, Inc. (NYSE:TRTX) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 11,605 shares of the company’s stock, valued at approximately $99,000.

Other hedge funds also recently made changes to their positions in the company. Penserra Capital Management LLC raised its stake in shares of TPG RE Finance Trust by 22.9% in the 3rd quarter. Penserra Capital Management LLC now owns 116,626 shares of the company’s stock valued at $994,000 after acquiring an additional 21,700 shares during the period. Cerity Partners LLC raised its stake in shares of TPG RE Finance Trust by 6.4% in the 3rd quarter. Cerity Partners LLC now owns 68,991 shares of the company’s stock valued at $588,000 after acquiring an additional 4,158 shares during the period. Citigroup Inc. raised its stake in shares of TPG RE Finance Trust by 1.3% in the 3rd quarter. Citigroup Inc. now owns 1,901,741 shares of the company’s stock valued at $16,222,000 after acquiring an additional 25,115 shares during the period. Intech Investment Management LLC purchased a new position in shares of TPG RE Finance Trust in the 3rd quarter valued at $159,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in TPG RE Finance Trust by 35.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,324 shares of the company’s stock worth $1,274,000 after buying an additional 39,379 shares during the period. Institutional investors and hedge funds own 57.12% of the company’s stock.

TPG RE Finance Trust Price Performance

TRTX opened at $9.04 on Wednesday. The company has a 50-day moving average of $8.67 and a 200-day moving average of $8.69. The company has a market capitalization of $731.20 million, a P/E ratio of 13.09, a PEG ratio of 0.26 and a beta of 2.17. TPG RE Finance Trust, Inc. has a 1-year low of $5.12 and a 1-year high of $9.66. The company has a debt-to-equity ratio of 2.03, a quick ratio of 152.83 and a current ratio of 152.83.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, September 27th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 10.63%. The ex-dividend date was Friday, September 27th. TPG RE Finance Trust’s payout ratio is currently 139.13%.

Analyst Ratings Changes

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

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.