JPMorgan Chase & Co. Reduces Stock Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

JPMorgan Chase & Co. lessened its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 40.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 868,227 shares of the company’s stock after selling 581,003 shares during the period. JPMorgan Chase & Co.’s holdings in TPG RE Finance Trust were worth $7,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its position in TPG RE Finance Trust by 88.3% during the third quarter. Meeder Asset Management Inc. now owns 5,847 shares of the company’s stock valued at $50,000 after acquiring an additional 2,742 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of TPG RE Finance Trust by 24.3% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 14,563 shares of the company’s stock valued at $126,000 after purchasing an additional 2,850 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of TPG RE Finance Trust by 6.4% during the 3rd quarter. Cerity Partners LLC now owns 68,991 shares of the company’s stock valued at $588,000 after purchasing an additional 4,158 shares in the last quarter. Golden State Equity Partners lifted its stake in shares of TPG RE Finance Trust by 5.4% in the 3rd quarter. Golden State Equity Partners now owns 105,170 shares of the company’s stock valued at $897,000 after purchasing an additional 5,410 shares during the period. Finally, McIlrath & Eck LLC purchased a new stake in TPG RE Finance Trust during the third quarter worth $58,000. 57.12% of the stock is currently owned by institutional investors and hedge funds.

TPG RE Finance Trust Trading Up 0.5 %

TRTX stock opened at $8.38 on Wednesday. TPG RE Finance Trust, Inc. has a 12-month low of $5.12 and a 12-month high of $9.66. The business’s 50-day moving average is $8.80 and its 200 day moving average is $8.73. The company has a current ratio of 152.83, a quick ratio of 152.83 and a debt-to-equity ratio of 2.03. The stock has a market cap of $678.18 million, a price-to-earnings ratio of 12.15, a PEG ratio of 0.25 and a beta of 2.17.

TPG RE Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, December 27th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 11.46%. The ex-dividend date is Friday, December 27th. TPG RE Finance Trust’s dividend payout ratio is currently 139.13%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $9.00 to $9.50 in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.08.

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.