Verition Fund Management LLC Trims Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Verition Fund Management LLC lowered its position in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,765 shares of the company’s stock after selling 2,622 shares during the quarter. Verition Fund Management LLC’s holdings in TPG RE Finance Trust were worth $407,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TRTX. Long Pond Capital LP raised its stake in shares of TPG RE Finance Trust by 32.4% in the second 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 period. Millennium Management LLC raised its stake 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 purchased a new stake in shares of TPG RE Finance Trust in the third quarter valued at $2,318,000. GSA Capital Partners LLP grew its holdings in shares of TPG RE Finance Trust by 882.6% in the third 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 during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of TPG RE Finance Trust by 252.8% in the second quarter. Renaissance Technologies LLC now owns 123,094 shares of the company’s stock worth $1,064,000 after purchasing an additional 88,200 shares during the last quarter. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Down 0.6 %

Shares of TPG RE Finance Trust stock opened at $8.99 on Friday. The company has a debt-to-equity ratio of 2.03, a current ratio of 152.83 and a quick ratio of 152.83. TPG RE Finance Trust, Inc. has a 1 year low of $5.12 and a 1 year high of $9.66. The firm’s 50-day moving average is $8.75 and its two-hundred day moving average is $8.71. The stock has a market cap of $727.54 million, a price-to-earnings ratio of 13.03, a PEG ratio of 0.25 and a beta of 2.17.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TRTX shares. 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. JPMorgan Chase & Co. upgraded shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $9.00 to $9.50 in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TPG RE Finance Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.08.

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.