Citigroup Inc. Sells 3,692 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Citigroup Inc. trimmed its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 0.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,903,490 shares of the company’s stock after selling 3,692 shares during the quarter. Citigroup Inc.’s holdings in TPG RE Finance Trust were worth $15,513,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of TRTX. Geode Capital Management LLC grew its holdings in TPG RE Finance Trust by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,464,001 shares of the company’s stock valued at $12,447,000 after purchasing an additional 7,118 shares during the period. Wells Fargo & Company MN grew its holdings in TPG RE Finance Trust by 26.1% during the fourth quarter. Wells Fargo & Company MN now owns 37,762 shares of the company’s stock valued at $321,000 after purchasing an additional 7,825 shares during the period. Cerity Partners LLC grew its holdings in TPG RE Finance Trust by 4.1% during the fourth quarter. Cerity Partners LLC now owns 71,828 shares of the company’s stock valued at $611,000 after purchasing an additional 2,837 shares during the period. Legal & General Group Plc grew its holdings in TPG RE Finance Trust by 7.2% during the fourth quarter. Legal & General Group Plc now owns 57,095 shares of the company’s stock valued at $485,000 after purchasing an additional 3,812 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in TPG RE Finance Trust by 58.8% during the fourth quarter. Renaissance Technologies LLC now owns 570,699 shares of the company’s stock valued at $4,851,000 after purchasing an additional 211,205 shares during the period. 57.12% of the stock is owned by institutional investors.

TPG RE Finance Trust Price Performance

TPG RE Finance Trust stock opened at $9.18 on Thursday. TPG RE Finance Trust, Inc. has a one year low of $6.47 and a one year high of $9.31. The business has a fifty day moving average price of $8.22 and a 200-day moving average price of $8.06. The company has a debt-to-equity ratio of 2.75, a current ratio of 193.29 and a quick ratio of 193.29. The firm has a market capitalization of $721.77 million, a P/E ratio of 14.13, a PEG ratio of 2.42 and a beta of 1.63.

TPG RE Finance Trust Announces Dividend

The firm also recently disclosed 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 dividend yield of 10.5%. The ex-dividend date was Friday, June 27th. TPG RE Finance Trust’s dividend payout ratio (DPR) is 147.69%.

Analyst Upgrades and Downgrades

TRTX has been the subject of several research reports. Wells Fargo & Company increased their price objective on TPG RE Finance Trust from $9.00 to $11.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Wall Street Zen raised TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, JPMorgan Chase & Co. raised their price target on TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st.

TPG RE Finance Trust Company 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.