Bank of New York Mellon Corp acquired a new position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 32,985 shares of the company’s stock, valued at approximately $652,000.

Separately, State of New Jersey Common Pension Fund D acquired a new stake in shares of TPG RE Finance Trust in the 3rd quarter valued at approximately $791,000. 26.37% of the stock is currently owned by institutional investors and hedge funds.

Shares of TPG RE Finance Trust, Inc. (TRTX) opened at $18.87 on Monday. TPG RE Finance Trust, Inc. has a one year low of $18.61 and a one year high of $20.70. The company has a current ratio of 10.75, a quick ratio of 10.75 and a debt-to-equity ratio of 1.27.

TPG RE Finance Trust (NYSE:TRTX) last posted its earnings results on Monday, November 6th. The company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $27.58 million for the quarter, compared to analyst estimates of $26.00 million. During the same quarter in the prior year, the business earned $0.43 earnings per share. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. analysts expect that TPG RE Finance Trust, Inc. will post 1.96 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Friday, December 29th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.52 annualized dividend and a yield of 8.06%.

In other TPG RE Finance Trust news, CEO Greta Guggenheim bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average cost of $19.19 per share, for a total transaction of $191,900.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

A number of equities research analysts have recently weighed in on TRTX shares. Zacks Investment Research downgraded shares of TPG RE Finance Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Citigroup restated a “neutral” rating and issued a $22.00 price target on shares of TPG RE Finance Trust in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $21.33.

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About TPG RE Finance Trust

TPG RE Finance Trust, Inc is a commercial real estate finance company. The Company is engaged in originating, acquiring and managing commercial mortgage loans and other commercial real estate-related debt instruments. It focuses primarily on directly originating and selectively acquiring floating rate first mortgage loans that are secured by high quality commercial real estate properties undergoing some form of transition and value creation, such as re-tenanting, refurbishment or other form of repositioning.

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Institutional Ownership by Quarter for TPG RE Finance Trust (NYSE:TRTX)

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