Bank of New York Mellon Corp Has $1.91 Million Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Bank of New York Mellon Corp decreased its position in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 221,348 shares of the company’s stock after selling 8,330 shares during the quarter. Bank of New York Mellon Corp owned 0.28% of TPG RE Finance Trust worth $1,912,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TFO Wealth Partners LLC raised its stake in shares of TPG RE Finance Trust by 35,280.0% in the 4th quarter. TFO Wealth Partners LLC now owns 7,076 shares of the company’s stock valued at $46,000 after purchasing an additional 7,056 shares during the period. Quadrature Capital Ltd bought a new position in TPG RE Finance Trust during the first quarter worth about $184,000. BNP Paribas Financial Markets boosted its holdings in shares of TPG RE Finance Trust by 17.2% during the fourth quarter. BNP Paribas Financial Markets now owns 54,255 shares of the company’s stock worth $353,000 after acquiring an additional 7,964 shares during the period. GSA Capital Partners LLP bought a new stake in shares of TPG RE Finance Trust during the first quarter worth approximately $506,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of TPG RE Finance Trust by 4.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 75,376 shares of the company’s stock worth $582,000 after acquiring an additional 3,217 shares during the period. Institutional investors and hedge funds own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Up 0.7 %

Shares of NYSE:TRTX opened at $8.93 on Wednesday. The firm has a fifty day moving average price of $8.82 and a two-hundred day moving average price of $8.35. The company has a debt-to-equity ratio of 2.13, a current ratio of 154.59 and a quick ratio of 154.59. TPG RE Finance Trust, Inc. has a one year low of $4.64 and a one year high of $9.66. The company has a market cap of $722.70 million, a price-to-earnings ratio of -5.69, a PEG ratio of 0.25 and a beta of 2.19.

TPG RE Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.75%. The ex-dividend date is Friday, September 27th. TPG RE Finance Trust’s dividend payout ratio is currently -61.15%.

Analyst Ratings Changes

Several brokerages recently issued reports on TRTX. BTIG Research reiterated a “buy” rating and issued a $11.00 price target on shares of TPG RE Finance Trust in a research note on Friday, July 19th. JMP Securities upped 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 report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $8.75.

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.