Fmr LLC Acquires 57,960 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Fmr LLC increased its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 28.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 259,209 shares of the company’s stock after acquiring an additional 57,960 shares during the quarter. Fmr LLC’s holdings in TPG RE Finance Trust were worth $2,211,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Meeder Asset Management Inc. acquired a new stake in shares of TPG RE Finance Trust in the 2nd quarter valued at approximately $27,000. Quarry LP boosted its stake in shares of TPG RE Finance Trust by 1,731.6% in the 2nd quarter. Quarry LP now owns 7,363 shares of the company’s stock valued at $64,000 after purchasing an additional 6,961 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in shares of TPG RE Finance Trust in the 2nd quarter valued at approximately $95,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of TPG RE Finance Trust in the 3rd quarter valued at approximately $99,000. Finally, Bailard Inc. acquired a new stake in shares of TPG RE Finance Trust in the 2nd quarter valued at approximately $102,000. 57.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

TPG RE Finance Trust Stock Up 0.3 %

TRTX stock opened at $9.03 on Friday. 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 company has a market capitalization of $730.80 million, a price-to-earnings ratio of 13.09, a PEG ratio of 0.25 and a beta of 2.17. TPG RE Finance Trust, Inc. has a fifty-two week low of $5.12 and a fifty-two week high of $9.66. The stock has a fifty day moving average of $8.77 and a 200-day moving average of $8.72.

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.