Penserra Capital Management LLC Has $994,000 Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Penserra Capital Management LLC raised its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 22.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 116,626 shares of the company’s stock after purchasing an additional 21,700 shares during the quarter. Penserra Capital Management LLC’s holdings in TPG RE Finance Trust were worth $994,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quadrature Capital Ltd bought a new position in TPG RE Finance Trust during the 1st quarter worth approximately $184,000. Price T Rowe Associates Inc. MD raised its holdings in TPG RE Finance Trust by 4.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 75,376 shares of the company’s stock worth $582,000 after purchasing an additional 3,217 shares during the period. TCW Group Inc. boosted 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 purchasing an additional 4,770 shares in the last quarter. Bailard Inc. acquired a new position in shares of TPG RE Finance Trust in the 2nd quarter valued at $102,000. Finally, Los Angeles Capital Management LLC increased its position in shares of TPG RE Finance Trust by 14.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 141,674 shares of the company’s stock valued at $1,224,000 after buying an additional 18,337 shares in the last quarter. 57.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. raised TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $9.00 to $9.50 in a research note on Thursday, October 17th. JMP Securities increased their price objective on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.08.

TPG RE Finance Trust Price Performance

NYSE TRTX opened at $9.20 on Thursday. TPG RE Finance Trust, Inc. has a 12-month low of $5.12 and a 12-month high of $9.66. The firm’s 50 day moving average is $8.64 and its 200-day moving average is $8.68. The company has a market capitalization of $744.54 million, a PE ratio of 13.33, a price-to-earnings-growth ratio of 0.25 and a beta of 2.18. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, September 27th were given a dividend of $0.24 per share. The ex-dividend date was Friday, September 27th. This represents a $0.96 annualized dividend and a yield of 10.43%. TPG RE Finance Trust’s dividend payout ratio (DPR) 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.