Charles Schwab Investment Management Inc. Sells 208,498 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Charles Schwab Investment Management Inc. reduced its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 22.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 737,075 shares of the company’s stock after selling 208,498 shares during the period. Charles Schwab Investment Management Inc.’s holdings in TPG RE Finance Trust were worth $6,265,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Two Sigma Advisers LP grew its position in TPG RE Finance Trust by 162.0% in the 3rd quarter. Two Sigma Advisers LP now owns 1,282,500 shares of the company’s stock worth $10,940,000 after purchasing an additional 793,000 shares in the last quarter. Van ECK Associates Corp bought a new position in shares of TPG RE Finance Trust in the fourth quarter valued at approximately $5,588,000. Kovitz Investment Group Partners LLC purchased a new stake in shares of TPG RE Finance Trust during the third quarter valued at approximately $2,328,000. Wolverine Asset Management LLC bought a new stake in TPG RE Finance Trust during the fourth quarter worth $2,287,000. Finally, Barclays PLC lifted its holdings in TPG RE Finance Trust by 385.9% during the third quarter. Barclays PLC now owns 172,718 shares of the company’s stock worth $1,472,000 after acquiring an additional 137,171 shares during the period. 57.12% of the stock is owned by hedge funds and other institutional investors.

TPG RE Finance Trust Price Performance

Shares of NYSE TRTX opened at $8.53 on Tuesday. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14. The stock has a fifty day simple moving average of $8.49 and a two-hundred day simple moving average of $8.63. TPG RE Finance Trust, Inc. has a 1-year low of $6.99 and a 1-year high of $9.66. The firm has a market cap of $690.56 million, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 0.25 and a beta of 2.23.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. The firm had revenue of $34.74 million for the quarter, compared to analysts’ expectations of $27.98 million. Analysts anticipate that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be paid a $0.24 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 11.26%. TPG RE Finance Trust’s payout ratio is 128.00%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their target price 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. Five research analysts have rated the stock with a buy rating, According to MarketBeat, TPG RE Finance Trust presently has an average rating of “Buy” and an average price target of $9.40.

TPG RE Finance Trust Company 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.