TPG RE Finance Trust, Inc. $TRTX Stock Holdings Lessened by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its stake in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 34.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,341 shares of the company’s stock after selling 18,779 shares during the period. Hsbc Holdings PLC’s holdings in TPG RE Finance Trust were worth $294,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of TRTX. Arlington Trust Co LLC bought a new position in shares of TPG RE Finance Trust in the first quarter valued at $41,000. New Age Alpha Advisors LLC increased its holdings in shares of TPG RE Finance Trust by 38.8% in the first quarter. New Age Alpha Advisors LLC now owns 7,009 shares of the company’s stock valued at $57,000 after buying an additional 1,959 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of TPG RE Finance Trust by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 16,797 shares of the company’s stock valued at $143,000 after buying an additional 5,527 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of TPG RE Finance Trust by 20.0% in the first quarter. Arizona State Retirement System now owns 19,731 shares of the company’s stock valued at $161,000 after buying an additional 3,290 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of TPG RE Finance Trust in the fourth quarter valued at $203,000. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Up 0.6%

TPG RE Finance Trust stock opened at $9.38 on Thursday. The company has a market capitalization of $736.79 million, a P/E ratio of 14.42, a P/E/G ratio of 2.51 and a beta of 1.68. TPG RE Finance Trust, Inc. has a 1-year low of $6.47 and a 1-year high of $9.40. The company has a current ratio of 193.29, a quick ratio of 193.29 and a debt-to-equity ratio of 2.75. The firm’s fifty day simple moving average is $8.60 and its 200-day simple moving average is $8.13.

TPG RE Finance Trust Announces Dividend

The business also recently declared 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 10.2%. The ex-dividend date was Friday, June 27th. TPG RE Finance Trust’s dividend payout ratio (DPR) is currently 147.69%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Zacks Research raised shares of TPG RE Finance Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Finally, Wells Fargo & Company raised their price objective on shares of TPG RE Finance Trust from $9.00 to $11.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat, TPG RE Finance Trust currently has an average rating of “Buy” and a consensus price target 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.