Rhumbline Advisers Trims Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Rhumbline Advisers trimmed its position in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 4.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 90,455 shares of the company’s stock after selling 4,518 shares during the quarter. Rhumbline Advisers owned about 0.11% of TPG RE Finance Trust worth $737,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Prudential Financial Inc. purchased a new position in shares of TPG RE Finance Trust in the fourth quarter worth about $1,526,000. Bank of America Corp DE raised its stake in shares of TPG RE Finance Trust by 49.2% in the fourth quarter. Bank of America Corp DE now owns 426,174 shares of the company’s stock worth $3,622,000 after purchasing an additional 140,507 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in TPG RE Finance Trust during the fourth quarter worth about $548,000. Teacher Retirement System of Texas grew its holdings in TPG RE Finance Trust by 41.7% during the fourth quarter. Teacher Retirement System of Texas now owns 293,525 shares of the company’s stock worth $2,495,000 after acquiring an additional 86,337 shares during the period. Finally, Deutsche Bank AG grew its holdings in TPG RE Finance Trust by 114.6% during the fourth quarter. Deutsche Bank AG now owns 130,903 shares of the company’s stock worth $1,113,000 after acquiring an additional 69,895 shares during the period. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

TPG RE Finance Trust Stock Up 0.1%

Shares of TRTX opened at $7.93 on Friday. The company has a current ratio of 182.89, a quick ratio of 182.89 and a debt-to-equity ratio of 2.52. TPG RE Finance Trust, Inc. has a 12 month low of $6.47 and a 12 month high of $9.66. The stock’s 50 day moving average is $7.64 and its two-hundred day moving average is $8.14. The firm has a market cap of $632.89 million, a P/E ratio of 11.32, a PEG ratio of 2.39 and a beta of 1.62.

TPG RE Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, July 25th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 12.11%. The ex-dividend date is Friday, June 27th. TPG RE Finance Trust’s payout ratio is currently 137.14%.

Wall Street Analysts Forecast Growth

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

TPG RE Finance Trust Profile

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.