TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 32.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,440 shares of the company’s stock after selling 9,868 shares during the quarter. BNP Paribas Financial Markets’ holdings in TPG RE Finance Trust were worth $174,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TRTX. Meeder Asset Management Inc. lifted its stake 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 purchasing an additional 2,742 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of TPG RE Finance Trust by 24.3% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 14,563 shares of the company’s stock valued at $126,000 after buying an additional 2,850 shares in the last quarter. Cerity Partners LLC lifted its position 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 acquiring an additional 4,158 shares during the last quarter. Golden State Equity Partners boosted its stake in shares of TPG RE Finance Trust by 5.4% during the 3rd quarter. Golden State Equity Partners now owns 105,170 shares of the company’s stock worth $897,000 after acquiring an additional 5,410 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of TPG RE Finance Trust by 1,731.6% in the 2nd quarter. Quarry LP now owns 7,363 shares of the company’s stock worth $64,000 after acquiring an additional 6,961 shares during the last quarter. 57.12% of the stock is currently owned by institutional investors and hedge funds.

TPG RE Finance Trust Price Performance

TRTX opened at $8.85 on Wednesday. TPG RE Finance Trust, Inc. has a 12-month low of $5.12 and a 12-month high of $9.66. The company has a quick ratio of 152.83, a current ratio of 152.83 and a debt-to-equity ratio of 2.03. The firm has a market capitalization of $715.81 million, a P/E ratio of 12.82, a PEG ratio of 0.25 and a beta of 2.17. The stock has a fifty day moving average of $8.79 and a 200-day moving average of $8.73.

TPG RE Finance Trust Announces Dividend

The firm 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 10.85%. The ex-dividend date of this dividend is Friday, December 27th. TPG RE Finance Trust’s dividend payout ratio is currently 139.13%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TRTX shares. JMP Securities upped their target price on TPG RE Finance Trust from $9.50 to $10.00 and gave the company a “market outperform” rating in a report on Wednesday, August 21st. JPMorgan Chase & Co. upgraded TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $9.00 to $9.50 in a 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.08.

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.