TPG RE Finance Trust, Inc. (NYSE:TRTX) Stock Holdings Decreased by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its stake in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 7.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 162,093 shares of the company’s stock after selling 12,910 shares during the period. Nuveen Asset Management LLC owned 0.20% of TPG RE Finance Trust worth $1,378,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Long Pond Capital LP grew its position in shares of TPG RE Finance Trust by 117.1% during the 4th quarter. Long Pond Capital LP now owns 7,303,626 shares of the company’s stock valued at $62,081,000 after buying an additional 3,938,800 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of TPG RE Finance Trust during the 4th quarter valued at about $5,983,000. Van ECK Associates Corp bought a new stake in shares of TPG RE Finance Trust during the 4th quarter valued at about $5,588,000. Solel Partners LP bought a new stake in shares of TPG RE Finance Trust during the 4th quarter valued at about $5,097,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of TPG RE Finance Trust by 90.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,019,924 shares of the company’s stock valued at $8,669,000 after buying an additional 485,690 shares during the last quarter. Institutional investors own 57.12% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on TRTX. JPMorgan Chase & Co. upped their target price on shares of TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Wall Street Zen cut shares of TPG RE Finance Trust from a “hold” rating to a “sell” rating in a research report on Friday, May 30th. Finally, Wells Fargo & Company decreased their target price on shares of TPG RE Finance Trust from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat, TPG RE Finance Trust presently has a consensus rating of “Moderate Buy” and an average price target of $9.50.

TPG RE Finance Trust Trading Up 1.7%

Shares of NYSE:TRTX opened at $7.69 on Wednesday. The company has a 50 day moving average of $7.51 and a 200-day moving average of $8.23. The firm has a market cap of $613.70 million, a P/E ratio of 10.25, a P/E/G ratio of 0.25 and a beta of 1.63. TPG RE Finance Trust, Inc. has a twelve month low of $6.47 and a twelve month high of $9.66. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14.

TPG RE Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.49%. The ex-dividend date was Friday, March 28th. TPG RE Finance Trust’s dividend payout ratio is currently 137.14%.

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.