Teacher Retirement System of Texas Lowers Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Teacher Retirement System of Texas cut its holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 43.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,420 shares of the company’s stock after selling 128,105 shares during the period. Teacher Retirement System of Texas owned 0.21% of TPG RE Finance Trust worth $1,348,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Arlington Trust Co LLC bought a new stake in TPG RE Finance Trust in the 1st quarter worth approximately $41,000. Wellington Management Group LLP bought a new stake in TPG RE Finance Trust in the 4th quarter worth approximately $5,983,000. Mackenzie Financial Corp increased its stake in TPG RE Finance Trust by 299.0% in the 4th quarter. Mackenzie Financial Corp now owns 59,011 shares of the company’s stock worth $502,000 after acquiring an additional 44,222 shares during the last quarter. Alpine Global Management LLC bought a new stake in TPG RE Finance Trust in the 4th quarter worth approximately $317,000. Finally, PharVision Advisers LLC bought a new stake in TPG RE Finance Trust in the 4th quarter worth approximately $460,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TRTX shares. JPMorgan Chase & Co. boosted their target price on TPG RE Finance Trust from $7.00 to $8.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Wall Street Zen downgraded TPG RE Finance Trust from a “hold” rating to a “sell” rating in a research report on Saturday, July 5th. Finally, Wells Fargo & Company cut their target price on TPG RE Finance Trust from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

TPG RE Finance Trust Stock Performance

NYSE TRTX opened at $8.14 on Friday. The business’s 50 day moving average price is $7.84 and its 200-day moving average price is $8.04. The company has a market cap of $650.06 million, a P/E ratio of 11.63, a P/E/G ratio of 2.46 and a beta of 1.60. The company has a debt-to-equity ratio of 2.52, a quick ratio of 182.89 and a current ratio of 182.89. TPG RE Finance Trust, Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $9.66.

TPG RE Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, July 25th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 11.79%. The ex-dividend date of this dividend was Friday, June 27th. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 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.