FNY Investment Advisers LLC Takes Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

FNY Investment Advisers LLC purchased a new position in TPG RE Finance Trust, Inc. (NYSE:TRTX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 55,600 shares of the company’s stock, valued at approximately $472,000. FNY Investment Advisers LLC owned 0.07% of TPG RE Finance Trust as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TRTX. Franklin Resources Inc. raised its stake in TPG RE Finance Trust by 112.5% during the 3rd quarter. Franklin Resources Inc. now owns 156,444 shares of the company’s stock valued at $1,308,000 after buying an additional 82,817 shares during the last quarter. Barclays PLC lifted its holdings in TPG RE Finance Trust by 385.9% in the third quarter. Barclays PLC now owns 172,718 shares of the company’s stock valued at $1,472,000 after acquiring an additional 137,171 shares during the period. McIlrath & Eck LLC purchased a new position in TPG RE Finance Trust in the third quarter worth about $58,000. Geode Capital Management LLC grew its stake in shares of TPG RE Finance Trust by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,456,883 shares of the company’s stock valued at $12,430,000 after purchasing an additional 88,592 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its position in shares of TPG RE Finance Trust by 215.0% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 139,711 shares of the company’s stock valued at $1,192,000 after purchasing an additional 95,354 shares during the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upgraded shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $9.00 to $9.50 in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.08.

TPG RE Finance Trust Trading Up 0.7 %

Shares of NYSE:TRTX opened at $8.35 on Tuesday. The stock has a 50 day moving average of $8.80 and a 200 day moving average of $8.73. The company has a market cap of $675.75 million, a PE ratio of 12.10, a price-to-earnings-growth ratio of 0.25 and a beta of 2.17. TPG RE Finance Trust, Inc. has a 12-month low of $5.12 and a 12-month high of $9.66. The company has a current ratio of 152.83, a quick ratio of 152.83 and a debt-to-equity ratio of 2.03.

TPG RE Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, December 27th will be given a $0.24 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.50%. TPG RE Finance Trust’s payout ratio is currently 139.13%.

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.