Nisa Investment Advisors LLC Sells 2,192 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Nisa Investment Advisors LLC lessened its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 10.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,929 shares of the company’s stock after selling 2,192 shares during the quarter. Nisa Investment Advisors LLC’s holdings in TPG RE Finance Trust were worth $159,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRTX. Long Pond Capital LP raised its stake in TPG RE Finance Trust by 117.1% in the fourth quarter. Long Pond Capital LP now owns 7,303,626 shares of the company’s stock valued at $62,081,000 after purchasing an additional 3,938,800 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of TPG RE Finance Trust in the fourth quarter worth approximately $5,983,000. Solel Partners LP bought a new position in shares of TPG RE Finance Trust in the fourth quarter worth approximately $5,097,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of TPG RE Finance Trust by 90.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,019,924 shares of the company’s stock worth $8,669,000 after purchasing an additional 485,690 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in TPG RE Finance Trust by 23.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,585,600 shares of the company’s stock valued at $13,478,000 after acquiring an additional 303,100 shares in the last quarter. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Performance

Shares of TPG RE Finance Trust stock opened at $8.11 on Friday. The firm has a market cap of $647.43 million, a P/E ratio of 11.58, a P/E/G ratio of 2.47 and a beta of 1.60. 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 fifty day moving average price is $7.89 and its 200-day moving average price is $8.04.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, July 25th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 11.84%. The ex-dividend date of this dividend was Friday, June 27th. TPG RE Finance Trust’s dividend payout ratio is presently 137.14%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on 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. Wells Fargo & Company decreased their target price on 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. Finally, Wall Street Zen downgraded TPG RE Finance Trust from a “hold” rating to a “sell” rating in a research note on Saturday, July 5th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

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.