Mirae Asset Global Investments Co. Ltd. Sells 78,858 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 8.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 856,307 shares of the company’s stock after selling 78,858 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in TPG RE Finance Trust were worth $5,566,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of TRTX. Raymond James & Associates grew its holdings in TPG RE Finance Trust by 61.9% during the first quarter. Raymond James & Associates now owns 71,955 shares of the company’s stock worth $850,000 after buying an additional 27,501 shares in the last quarter. Acadian Asset Management LLC purchased a new position in TPG RE Finance Trust in the first quarter worth $53,000. MetLife Investment Management LLC boosted its position in TPG RE Finance Trust by 55.4% in the first quarter. MetLife Investment Management LLC now owns 32,389 shares of the company’s stock worth $383,000 after purchasing an additional 11,549 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in TPG RE Finance Trust in the first quarter worth $4,095,000. Finally, Dakota Wealth Management purchased a new position in TPG RE Finance Trust in the first quarter worth $341,000. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Performance

Shares of NYSE TRTX opened at $7.31 on Monday. TPG RE Finance Trust, Inc. has a one year low of $4.64 and a one year high of $8.12. The company has a quick ratio of 158.41, a current ratio of 158.41 and a debt-to-equity ratio of 2.46. The business’s fifty day moving average price is $7.01 and its 200-day moving average price is $6.44.

TPG RE Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 13.13%. TPG RE Finance Trust’s dividend payout ratio is presently -56.80%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TRTX shares. JPMorgan Chase & Co. boosted their price objective on TPG RE Finance Trust from $7.00 to $7.50 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Wells Fargo & Company boosted their price objective on TPG RE Finance Trust from $6.00 to $7.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Bank of America reissued an “underperform” rating and issued a $6.50 price objective on shares of TPG RE Finance Trust in a research report on Monday, March 4th. Finally, Raymond James cut TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 price objective on the stock. in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, TPG RE Finance Trust has an average rating of “Hold” and a consensus target price of $7.70.

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.