Alyeska Investment Group L.P. purchased a new position in TPG RE Finance Trust, Inc. (NYSE:TRTX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,116,499 shares of the company’s stock, valued at approximately $22,073,000. Alyeska Investment Group L.P. owned about 1.86% of TPG RE Finance Trust at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Boothbay Fund Management LLC purchased a new position in shares of TPG RE Finance Trust in the third quarter worth $275,000. Magnetar Financial LLC purchased a new position in shares of TPG RE Finance Trust in the third quarter worth $3,954,000. NWQ Investment Management Company LLC purchased a new position in shares of TPG RE Finance Trust in the third quarter worth $12,920,000. California State Teachers Retirement System purchased a new position in shares of TPG RE Finance Trust in the third quarter worth $356,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in shares of TPG RE Finance Trust in the third quarter worth $790,000. 26.37% of the stock is owned by institutional investors and hedge funds.

TRTX has been the subject of a number of research analyst reports. Citigroup initiated coverage on shares of TPG RE Finance Trust in a report on Monday, August 14th. They issued a “neutral” rating and a $22.00 price target for the company. Zacks Investment Research cut shares of TPG RE Finance Trust from a “buy” rating to a “hold” rating in a report on Saturday, November 11th. Deutsche Bank initiated coverage on shares of TPG RE Finance Trust in a report on Friday, August 18th. They issued a “buy” rating and a $21.00 price target for the company. Bank of America initiated coverage on shares of TPG RE Finance Trust in a report on Monday, August 14th. They issued a “buy” rating and a $21.00 price target for the company. Finally, JMP Securities initiated coverage on shares of TPG RE Finance Trust in a report on Friday, August 18th. They issued an “outperform” rating and a $21.50 price target for the company. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. TPG RE Finance Trust currently has a consensus rating of “Buy” and an average price target of $21.33.

In other TPG RE Finance Trust news, CEO Greta Guggenheim acquired 10,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were purchased at an average price of $19.19 per share, for a total transaction of $191,900.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

TPG RE Finance Trust, Inc. (NYSE:TRTX) traded up $0.01 during trading hours on Monday, hitting $19.45. 45,000 shares of the stock were exchanged, compared to its average volume of 142,519. TPG RE Finance Trust, Inc. has a 1 year low of $18.61 and a 1 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 released its quarterly earnings data on Monday, November 6th. The company reported $0.35 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.35. The business had revenue of $27.58 million during the quarter, compared to analyst estimates of $26.00 million. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 EPS. research analysts predict that TPG RE Finance Trust, Inc. will post 1.96 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Alyeska Investment Group L.P. Buys Shares of 1,116,499 TPG RE Finance Trust, Inc. (TRTX)” was originally reported by Daily Political and is the property of of Daily Political. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/12/11/alyeska-investment-group-l-p-buys-shares-of-1116499-tpg-re-finance-trust-inc-trtx.html.

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.

Want to see what other hedge funds are holding TRTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TPG RE Finance Trust, Inc. (NYSE:TRTX).

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

Receive News & Ratings for TPG RE Finance Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPG RE Finance Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.