Cerity Partners LLC Has $588,000 Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Cerity Partners LLC grew its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 6.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 68,991 shares of the company’s stock after buying an additional 4,158 shares during the period. Cerity Partners LLC’s holdings in TPG RE Finance Trust were worth $588,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. grew its position in TPG RE Finance Trust by 88.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 5,847 shares of the company’s stock valued at $50,000 after purchasing an additional 2,742 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of TPG RE Finance Trust by 24.3% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 14,563 shares of the company’s stock valued at $126,000 after buying an additional 2,850 shares in the last quarter. Price T Rowe Associates Inc. MD grew 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 valued at $582,000 after buying an additional 3,217 shares during the last quarter. TCW Group Inc. increased its position in shares of TPG RE Finance Trust by 4.8% during the second quarter. TCW Group Inc. now owns 103,274 shares of the company’s stock worth $892,000 after acquiring an additional 4,770 shares in the last quarter. Finally, Golden State Equity Partners increased its position in shares of TPG RE Finance Trust by 5.4% during the third quarter. Golden State Equity Partners now owns 105,170 shares of the company’s stock worth $897,000 after acquiring an additional 5,410 shares in the last quarter. 57.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TRTX shares. JPMorgan Chase & Co. raised shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and raised their price target for the company from $9.00 to $9.50 in a research report on Thursday, October 17th. JMP Securities raised their target price on TPG RE Finance Trust from $9.50 to $10.00 and gave the company a “market outperform” rating in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.08.

TPG RE Finance Trust Trading Up 1.0 %

Shares of TRTX stock opened at $8.98 on Friday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 152.83 and a current ratio of 152.83. The company has a market capitalization of $726.75 million, a price-to-earnings ratio of 13.01, a PEG ratio of 0.25 and a beta of 2.17. 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 50-day simple moving average of $8.70 and a two-hundred day simple moving average of $8.70.

TPG RE Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, September 27th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 10.69%. The ex-dividend date was Friday, September 27th. TPG RE Finance Trust’s dividend payout ratio is presently 139.13%.

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.