TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 9.8% in the fourth quarter, HoldingsChannel reports. The fund owned 26,608 shares of the company’s stock after selling 2,882 shares during the quarter. Nisa Investment Advisors LLC’s holdings in TPG RE Finance Trust were worth $173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC purchased a new stake in shares of TPG RE Finance Trust during the 3rd quarter worth about $1,203,000. Swiss National Bank boosted its holdings in TPG RE Finance Trust by 9.2% in the 3rd quarter. Swiss National Bank now owns 127,600 shares of the company’s stock worth $859,000 after acquiring an additional 10,700 shares during the period. Hsbc Holdings PLC boosted its holdings in TPG RE Finance Trust by 48.0% in the 3rd quarter. Hsbc Holdings PLC now owns 42,399 shares of the company’s stock worth $284,000 after acquiring an additional 13,745 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in TPG RE Finance Trust by 3,051.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 935,165 shares of the company’s stock worth $6,294,000 after acquiring an additional 905,492 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of TPG RE Finance Trust by 0.9% during the third quarter. Vanguard Group Inc. now owns 5,985,415 shares of the company’s stock worth $40,282,000 after buying an additional 51,839 shares in the last quarter. Institutional investors and hedge funds own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Performance

Shares of TRTX opened at $7.52 on Friday. The business’s fifty day moving average price is $7.19 and its 200 day moving average price is $6.47. TPG RE Finance Trust, Inc. has a 12-month low of $4.64 and a 12-month high of $8.12. The stock has a market capitalization of $585.58 million, a PE ratio of -4.45 and a beta of 2.10. The company has a debt-to-equity ratio of 2.46, a current ratio of 158.41 and a quick ratio of 158.41.

TPG RE Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, March 28th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 12.77%. The ex-dividend date of this dividend is Wednesday, March 27th. TPG RE Finance Trust’s payout ratio is -56.80%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TRTX. Bank of America reissued an “underperform” rating and set a $6.50 price target on shares of TPG RE Finance Trust in a research report on Monday, March 4th. Wells Fargo & Company raised their price objective on TPG RE Finance Trust from $6.00 to $7.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. JPMorgan Chase & Co. raised their price objective on TPG RE Finance Trust from $7.00 to $7.50 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. 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 note on Friday, April 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, TPG RE Finance Trust has a consensus rating of “Hold” and a consensus price target 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.