State Street Corp Sells 31,081 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

State Street Corp decreased its position in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,535,075 shares of the company’s stock after selling 31,081 shares during the quarter. State Street Corp’s holdings in TPG RE Finance Trust were worth $13,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in TPG RE Finance Trust by 94.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,932 shares of the company’s stock valued at $1,330,000 after purchasing an additional 75,671 shares during the last quarter. Summit Global Investments bought a new position in shares of TPG RE Finance Trust in the 3rd quarter valued at about $585,000. GSA Capital Partners LLP grew its position in TPG RE Finance Trust by 882.6% in the third quarter. GSA Capital Partners LLP now owns 206,078 shares of the company’s stock worth $1,758,000 after acquiring an additional 185,105 shares in the last quarter. Renaissance Technologies LLC increased its stake 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 acquiring an additional 88,200 shares during the last quarter. Finally, FMR LLC raised its position in TPG RE Finance Trust by 28.8% during the third quarter. FMR LLC now owns 259,209 shares of the company’s stock valued at $2,211,000 after purchasing an additional 57,960 shares during the period. 57.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, 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 report on Thursday, October 17th. One 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, the company currently has an average rating of “Moderate Buy” and an average target price of $9.08.

TPG RE Finance Trust Stock Up 1.5 %

Shares of NYSE TRTX opened at $8.77 on Thursday. The company has a debt-to-equity ratio of 2.03, a current ratio of 152.83 and a quick ratio of 152.83. The firm has a 50-day simple moving average of $8.83 and a two-hundred day simple moving average of $8.73. TPG RE Finance Trust, Inc. has a 1 year low of $5.12 and a 1 year high of $9.66. The company has a market cap of $709.74 million, a P/E ratio of 12.71, a PEG ratio of 0.25 and a beta of 2.17.

TPG RE Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, December 27th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 10.95%. The ex-dividend date is Friday, December 27th. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 139.13%.

About TPG RE Finance Trust

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.