Nisa Investment Advisors LLC Has $185,000 Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Nisa Investment Advisors LLC reduced its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTXFree Report) by 9.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 21,121 shares of the company’s stock after selling 2,227 shares during the period. Nisa Investment Advisors LLC’s holdings in TPG RE Finance Trust were worth $185,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TRTX. Meeder Asset Management Inc. boosted its holdings in shares of 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 worth $50,000 after purchasing an additional 2,742 shares during the period. McIlrath & Eck LLC purchased a new stake in TPG RE Finance Trust in the 3rd quarter worth approximately $58,000. Quarry LP boosted its stake in shares of TPG RE Finance Trust by 1,731.6% during the 2nd quarter. Quarry LP now owns 7,363 shares of the company’s stock valued at $64,000 after buying an additional 6,961 shares during the period. Zacks Investment Management purchased a new position in shares of TPG RE Finance Trust during the 3rd quarter valued at $94,000. Finally, Mackenzie Financial Corp acquired a new position in shares of TPG RE Finance Trust in the second quarter worth $95,000. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Performance

Shares of TRTX opened at $8.42 on Friday. The firm has a market cap of $681.03 million, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 0.24 and a beta of 2.17. The company’s fifty day moving average is $8.69 and its 200-day moving average is $8.71. The company has a quick ratio of 152.83, a current ratio of 152.83 and a debt-to-equity ratio of 2.03. TPG RE Finance Trust, Inc. has a 12 month low of $5.12 and a 12 month high of $9.66.

TPG RE Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, December 27th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 11.41%. The ex-dividend date was Friday, December 27th. TPG RE Finance Trust’s payout ratio is 139.13%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price objective on TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.92.

Read Our Latest Analysis on TPG RE Finance Trust

TPG RE Finance Trust Company Profile

(Free Report)

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.

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

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