Charles Schwab Investment Management Inc. Has $8.07 Million Stock Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Charles Schwab Investment Management Inc. trimmed its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 15.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 945,573 shares of the company’s stock after selling 167,820 shares during the period. Charles Schwab Investment Management Inc.’s holdings in TPG RE Finance Trust were worth $8,066,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Summit Global Investments acquired a new stake in TPG RE Finance Trust during the third quarter worth about $585,000. GSA Capital Partners LLP grew its position in TPG RE Finance Trust by 882.6% during the third quarter. GSA Capital Partners LLP now owns 206,078 shares of the company’s stock worth $1,758,000 after buying an additional 185,105 shares in the last quarter. Renaissance Technologies LLC grew its position in TPG RE Finance Trust by 252.8% during the second quarter. Renaissance Technologies LLC now owns 123,094 shares of the company’s stock worth $1,064,000 after buying an additional 88,200 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in TPG RE Finance Trust by 4.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 75,376 shares of the company’s stock worth $582,000 after buying an additional 3,217 shares in the last quarter. Finally, Millennium Management LLC grew its position in TPG RE Finance Trust by 30.3% during the second quarter. Millennium Management LLC now owns 1,174,646 shares of the company’s stock worth $10,149,000 after buying an additional 273,086 shares in the last quarter. 57.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TRTX has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $9.00 to $9.50 in a report on Thursday, October 17th. JMP Securities lifted their price objective on TPG RE Finance Trust from $9.50 to $10.00 and gave the company a “market outperform” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.08.

TPG RE Finance Trust Trading Up 0.2 %

Shares of TPG RE Finance Trust stock opened at $9.08 on Wednesday. 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 50-day moving average of $8.73 and a 200-day moving average of $8.71. The stock has a market cap of $734.83 million, a PE ratio of 13.16, a PEG ratio of 0.25 and a beta of 2.17. The company has a debt-to-equity ratio of 2.03, a quick ratio of 152.83 and a current ratio of 152.83.

TPG RE Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, September 27th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.57%. The ex-dividend date was Friday, September 27th. TPG RE Finance Trust’s dividend payout ratio 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.