Citigroup Inc. Has $9.61 Million Stock Position in TPG RE Finance Trust, Inc. $TRTX

Citigroup Inc. lessened its stake in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 15.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,123,130 shares of the company’s stock after selling 200,117 shares during the quarter. Citigroup Inc. owned about 1.44% of TPG RE Finance Trust worth $9,614,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TRTX. State of New Jersey Common Pension Fund A bought a new stake in TPG RE Finance Trust during the third quarter worth $26,957,000. Geode Capital Management LLC raised its holdings in shares of TPG RE Finance Trust by 7.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,639,667 shares of the company’s stock worth $12,660,000 after buying an additional 115,707 shares in the last quarter. Condor Capital Management raised its holdings in shares of TPG RE Finance Trust by 33.7% during the 2nd quarter. Condor Capital Management now owns 620,539 shares of the company’s stock worth $4,791,000 after buying an additional 156,309 shares in the last quarter. Dimension Capital Management LLC lifted its position in shares of TPG RE Finance Trust by 390.4% during the 2nd quarter. Dimension Capital Management LLC now owns 459,723 shares of the company’s stock worth $3,549,000 after buying an additional 365,971 shares during the last quarter. Finally, Norges Bank acquired a new stake in TPG RE Finance Trust in the second quarter valued at about $2,410,000. 57.12% of the stock is currently owned by institutional investors and hedge funds.

TPG RE Finance Trust Stock Down 1.2%

Shares of NYSE TRTX opened at $8.47 on Monday. The company has a 50 day simple moving average of $8.90 and a 200 day simple moving average of $8.96. The company has a debt-to-equity ratio of 3.02, a current ratio of 183.34 and a quick ratio of 183.34. TPG RE Finance Trust, Inc. has a 1 year low of $6.47 and a 1 year high of $9.85. The firm has a market cap of $663.23 million, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). The business had revenue of $35.04 million during the quarter, compared to analyst estimates of $27.15 million. TPG RE Finance Trust had a net margin of 18.14% and a return on equity of 6.84%. On average, research analysts forecast that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current year.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, December 26th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 11.3%. The ex-dividend date of this dividend was Friday, December 26th. TPG RE Finance Trust’s dividend payout ratio (DPR) is currently 171.43%.

Analysts Set New Price Targets

A number of research analysts have recently commented on TRTX shares. Zacks Research cut shares of TPG RE Finance Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. JPMorgan Chase & Co. dropped their price objective on shares of TPG RE Finance Trust from $11.00 to $10.50 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Weiss Ratings lowered shares of TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 9th. Finally, Wells Fargo & Company lowered their price target on shares of TPG RE Finance Trust from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.25.

TPG RE Finance Trust Profile

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.