TPG RE Finance Trust, Inc. (NYSE:TRTX) Stock Holdings Decreased by TCW Group Inc.

TCW Group Inc. cut its holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,376 shares of the company’s stock after selling 2,494 shares during the quarter. TCW Group Inc.’s holdings in TPG RE Finance Trust were worth $326,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. increased 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 worth $50,000 after acquiring an additional 2,742 shares during the period. McIlrath & Eck LLC bought a new stake in shares of TPG RE Finance Trust in the 3rd quarter worth about $58,000. Zacks Investment Management bought a new stake in shares of TPG RE Finance Trust in the 3rd quarter worth about $94,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of TPG RE Finance Trust in the 3rd quarter worth about $99,000. Finally, Stratos Wealth Partners LTD. grew its holdings in shares of TPG RE Finance Trust by 20.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company’s stock worth $131,000 after purchasing an additional 2,623 shares during the last quarter. 57.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their target price on shares of TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $8.92.

TPG RE Finance Trust Stock Up 0.2 %

Shares of NYSE TRTX opened at $8.34 on Tuesday. The firm’s 50-day simple moving average is $8.51 and its 200 day simple moving average is $8.66. The company has a market cap of $675.17 million, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 0.25 and a beta of 2.16. The company has a quick ratio of 152.83, a current ratio of 156.81 and a debt-to-equity ratio of 2.14. TPG RE Finance Trust, Inc. has a 12-month low of $6.74 and a 12-month high of $9.66.

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

TPG RE Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, December 27th were given a dividend of $0.24 per share. The ex-dividend date was Friday, December 27th. This represents a $0.96 annualized dividend and a yield of 11.52%. TPG RE Finance Trust’s dividend payout ratio (DPR) is 128.00%.

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.