Teacher Retirement System of Texas Sells 128,105 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Teacher Retirement System of Texas reduced its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 43.6% during the first quarter, according to 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 quarter. Teacher Retirement System of Texas owned about 0.21% of TPG RE Finance Trust worth $1,348,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Prudential Financial Inc. bought a new position in TPG RE Finance Trust in the 4th quarter valued at $1,526,000. Bank of America Corp DE raised its position in shares of TPG RE Finance Trust by 49.2% during the 4th quarter. Bank of America Corp DE now owns 426,174 shares of the company’s stock valued at $3,622,000 after buying an additional 140,507 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of TPG RE Finance Trust during the 4th quarter valued at $548,000. Deutsche Bank AG raised its position in shares of TPG RE Finance Trust by 114.6% during the 4th quarter. Deutsche Bank AG now owns 130,903 shares of the company’s stock valued at $1,113,000 after buying an additional 69,895 shares in the last quarter. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of TPG RE Finance Trust during the 4th quarter valued at $672,000. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TRTX has been the topic of several research reports. Wells Fargo & Company lowered their price objective on shares of 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. Wall Street Zen cut shares of TPG RE Finance Trust from a “hold” rating to a “sell” rating in a research report on Saturday, July 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of 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. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

TPG RE Finance Trust Price Performance

Shares of NYSE:TRTX opened at $8.14 on Friday. The stock has a market cap of $650.06 million, a PE ratio of 11.63, a PEG ratio of 2.46 and a beta of 1.60. The company’s fifty day moving average is $7.84 and its 200 day moving average is $8.04. TPG RE Finance Trust, Inc. has a 52 week low of $6.47 and a 52 week high of $9.66. The company has a quick ratio of 182.89, a current ratio of 182.89 and a debt-to-equity ratio of 2.52.

TPG RE Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, July 25th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 11.79%. The ex-dividend date was Friday, June 27th. TPG RE Finance Trust’s payout ratio is presently 137.14%.

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.