TPG RE Finance Trust, Inc. (NYSE:TRTX) Holdings Raised by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 35.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,324 shares of the company’s stock after purchasing an additional 39,379 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in TPG RE Finance Trust were worth $1,274,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Long Pond Capital LP boosted its stake 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 worth $24,649,000 after acquiring an additional 697,736 shares in the last quarter. Millennium Management LLC boosted its position 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 acquiring an additional 273,086 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in TPG RE Finance Trust in the 3rd quarter worth $2,318,000. Algert Global LLC grew its position in TPG RE Finance Trust by 12.8% during the second quarter. Algert Global LLC now owns 218,846 shares of the company’s stock worth $1,891,000 after buying an additional 24,836 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of TPG RE Finance Trust by 882.6% during the 3rd quarter. GSA Capital Partners LLP now owns 206,078 shares of the company’s stock worth $1,758,000 after purchasing an additional 185,105 shares in the last quarter. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Up 1.6 %

Shares of NYSE:TRTX opened at $9.18 on Wednesday. The company’s fifty day moving average is $8.64 and its 200-day moving average is $8.68. 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 52 week low of $5.12 and a 52 week high of $9.66. The company has a market capitalization of $742.53 million, a PE ratio of 13.38, a P/E/G ratio of 0.25 and a beta of 2.18.

TPG RE Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, September 27th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 10.46%. The ex-dividend date of this dividend was Friday, September 27th. TPG RE Finance Trust’s payout ratio is 139.13%.

Analyst Upgrades and Downgrades

TRTX has been the subject of a number of recent research reports. JMP Securities increased their price objective on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. raised shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and upped their target price for the company from $9.00 to $9.50 in a research note 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 stock. Based on data from MarketBeat, TPG RE Finance Trust currently has an average rating of “Moderate Buy” and a consensus 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.