TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC boosted its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 29.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 176,298 shares of the company’s stock after acquiring an additional 39,834 shares during the quarter. Jane Street Group LLC’s holdings in TPG RE Finance Trust were worth $1,504,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new stake in shares of TPG RE Finance Trust in the 2nd quarter valued at approximately $27,000. Quarry LP increased its holdings in TPG RE Finance Trust by 1,731.6% in the 2nd quarter. Quarry LP now owns 7,363 shares of the company’s stock valued at $64,000 after purchasing an additional 6,961 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in TPG RE Finance Trust in the second quarter valued at approximately $95,000. Dynamic Technology Lab Private Ltd acquired a new position in TPG RE Finance Trust during the third quarter worth $99,000. Finally, Caxton Associates LP purchased a new position in shares of TPG RE Finance Trust during the second quarter worth $106,000. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Price Performance

TPG RE Finance Trust stock opened at $8.40 on Friday. The company has a quick ratio of 152.83, a current ratio of 152.83 and a debt-to-equity ratio of 2.03. TPG RE Finance Trust, Inc. has a 52-week low of $5.12 and a 52-week high of $9.66. The firm has a market cap of $679.80 million, a PE ratio of 12.17, a price-to-earnings-growth ratio of 0.25 and a beta of 2.17. The company’s 50 day moving average is $8.82 and its two-hundred day moving average is $8.73.

TPG RE Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, December 27th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 11.43%. The ex-dividend date of this dividend is Friday, December 27th. TPG RE Finance Trust’s payout ratio is currently 139.13%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upgraded TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $9.00 to $9.50 in a report 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.