TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Bought by Barclays PLC

Barclays PLC lifted its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 385.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 172,718 shares of the company’s stock after buying an additional 137,171 shares during the period. Barclays PLC’s holdings in TPG RE Finance Trust were worth $1,472,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TRTX. Meeder Asset Management Inc. acquired a new position in TPG RE Finance Trust during the second quarter worth $27,000. Quarry LP boosted its position in shares of TPG RE Finance Trust by 1,731.6% during the 2nd quarter. Quarry LP now owns 7,363 shares of the company’s stock worth $64,000 after purchasing an additional 6,961 shares in the last quarter. Mackenzie Financial Corp acquired a new position in shares of TPG RE Finance Trust during the 2nd quarter worth $95,000. Zacks Investment Management purchased a new position in shares of TPG RE Finance Trust in the 3rd quarter valued at about $94,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of TPG RE Finance Trust in the 3rd quarter valued at about $99,000. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Stock Down 3.7 %

TPG RE Finance Trust stock opened at $8.40 on Friday. The firm has a market capitalization of $679.80 million, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 0.25 and a beta of 2.17. 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, Inc. has a fifty-two week low of $5.12 and a fifty-two week high of $9.66. The stock’s fifty day moving average is $8.82 and its two-hundred day moving average is $8.73.

TPG RE Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, December 27th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.96 dividend on an annualized basis and a yield of 11.43%. TPG RE Finance Trust’s payout ratio is 139.13%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $9.00 to $9.50 in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.