55,600 Shares in TPG RE Finance Trust, Inc. (NYSE:TRTX) Purchased by FNY Investment Advisers LLC

FNY Investment Advisers LLC bought a new stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 55,600 shares of the company’s stock, valued at approximately $472,000.

A number of other large investors also recently added to or reduced their stakes in the business. Two Sigma Advisers LP boosted its stake in TPG RE Finance Trust by 162.0% during the third quarter. Two Sigma Advisers LP now owns 1,282,500 shares of the company’s stock valued at $10,940,000 after buying an additional 793,000 shares during the last quarter. Long Pond Capital LP boosted its position in shares of TPG RE Finance Trust by 32.4% during the 2nd quarter. Long Pond Capital LP now owns 2,852,894 shares of the company’s stock valued at $24,649,000 after acquiring an additional 697,736 shares during the last quarter. Millennium Management LLC grew its holdings in shares of TPG RE Finance Trust by 30.3% in the second quarter. Millennium Management LLC now owns 1,174,646 shares of the company’s stock valued at $10,149,000 after purchasing an additional 273,086 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in TPG RE Finance Trust in the third quarter worth $2,328,000. Finally, Segall Bryant & Hamill LLC purchased a new stake in TPG RE Finance Trust during the third quarter valued at $2,318,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and lifted their price objective 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 issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.08.

TPG RE Finance Trust Trading Up 0.7 %

Shares of TRTX opened at $8.35 on Tuesday. TPG RE Finance Trust, Inc. has a twelve month low of $5.12 and a twelve 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. The company’s fifty day simple moving average is $8.80 and its 200-day simple moving average is $8.73. The company has a market cap of $675.75 million, a P/E ratio of 12.10, a P/E/G ratio of 0.25 and a beta of 2.17.

TPG RE Finance Trust Announces Dividend

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

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.