Swiss National Bank Sells 6,100 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Swiss National Bank lessened its holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 111,400 shares of the company’s stock after selling 6,100 shares during the quarter. Swiss National Bank’s holdings in TPG RE Finance Trust were worth $947,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stratos Wealth Partners LTD. increased its holdings in shares of TPG RE Finance Trust by 20.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company’s stock worth $131,000 after buying an additional 2,623 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of TPG RE Finance Trust by 6.4% in the third quarter. Cerity Partners LLC now owns 68,991 shares of the company’s stock worth $588,000 after acquiring an additional 4,158 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of TPG RE Finance Trust by 2.5% in the fourth quarter. Bank of New York Mellon Corp now owns 181,368 shares of the company’s stock worth $1,542,000 after acquiring an additional 4,468 shares during the period. SG Americas Securities LLC boosted its holdings in TPG RE Finance Trust by 19.3% in the fourth quarter. SG Americas Securities LLC now owns 30,596 shares of the company’s stock valued at $260,000 after acquiring an additional 4,944 shares during the last quarter. Finally, McIlrath & Eck LLC bought a new position in TPG RE Finance Trust during the 3rd quarter worth approximately $58,000. Institutional investors own 57.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price objective on shares of TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $9.40.

TPG RE Finance Trust Stock Down 4.1 %

Shares of TPG RE Finance Trust stock opened at $8.02 on Friday. The stock’s 50-day moving average is $8.47 and its 200 day moving average is $8.62. TPG RE Finance Trust, Inc. has a one year low of $6.99 and a one year high of $9.66. The firm has a market cap of $649.25 million, a price-to-earnings ratio of 10.69, a PEG ratio of 0.25 and a beta of 2.23. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83.

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

TPG RE Finance Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 11.98%. The ex-dividend date is Friday, March 28th. TPG RE Finance Trust’s payout ratio is 128.00%.

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.