Bank of New York Mellon Corp Sells 7,274 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Bank of New York Mellon Corp decreased its position in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 4.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 174,094 shares of the company’s stock after selling 7,274 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.22% of TPG RE Finance Trust worth $1,419,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Long Pond Capital LP lifted its holdings 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 acquiring an additional 3,938,800 shares during the period. Vanguard Group Inc. lifted its holdings in TPG RE Finance Trust by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 4,939,620 shares of the company’s stock valued at $41,987,000 after acquiring an additional 63,529 shares during the period. Two Sigma Advisers LP lifted 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 during the period. Geode Capital Management LLC lifted its holdings in TPG RE Finance Trust by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,464,001 shares of the company’s stock valued at $12,447,000 after acquiring an additional 7,118 shares during the period. Finally, Millennium Management LLC lifted its holdings in TPG RE Finance Trust by 6.9% in the fourth quarter. Millennium Management LLC now owns 1,053,474 shares of the company’s stock valued at $8,955,000 after acquiring an additional 68,116 shares during the period. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Up 3.9%

NYSE TRTX opened at $8.71 on Thursday. The stock’s 50-day moving average price is $7.98 and its 200-day moving average price is $8.03. 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, Inc. has a 52 week low of $6.47 and a 52 week high of $9.31. The company has a market capitalization of $695.58 million, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 2.48 and a beta of 1.60.

TPG RE Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, July 25th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 11.02%. The ex-dividend date of this dividend was Friday, June 27th. TPG RE Finance Trust’s dividend payout ratio (DPR) is currently 137.14%.

Analysts Set New Price Targets

A number of research firms have weighed in on TRTX. Wells Fargo & Company lowered 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. JPMorgan Chase & Co. increased their target price on TPG RE Finance Trust from $7.00 to $8.00 and gave the company an “overweight” rating in a 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.

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.