TPG RE Finance Trust, Inc. $TRTX Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 28.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,013 shares of the company’s stock after selling 47,407 shares during the quarter. Teacher Retirement System of Texas owned 0.15% of TPG RE Finance Trust worth $911,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TRTX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of TPG RE Finance Trust by 3,783.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,324,357 shares of the company’s stock worth $10,794,000 after purchasing an additional 1,290,256 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in TPG RE Finance Trust by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 3,930,865 shares of the company’s stock worth $32,037,000 after purchasing an additional 192,126 shares during the period. Nuveen LLC bought a new position in TPG RE Finance Trust in the 1st quarter valued at about $1,321,000. Bracebridge Capital LLC acquired a new position in TPG RE Finance Trust during the 1st quarter valued at about $1,166,000. Finally, Caxton Associates LLP bought a new stake in shares of TPG RE Finance Trust during the 1st quarter worth about $706,000. Institutional investors own 57.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TRTX shares. Wall Street Zen upgraded shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Citizens Jmp downgraded TPG RE Finance Trust from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 17th. JPMorgan Chase & Co. lifted their price target on TPG RE Finance Trust from $10.00 to $10.50 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Citigroup downgraded TPG RE Finance Trust to a “market perform” rating in a research note on Wednesday, September 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of TPG RE Finance Trust in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.75.

TPG RE Finance Trust Price Performance

NYSE TRTX opened at $8.94 on Friday. TPG RE Finance Trust, Inc. has a 1 year low of $6.47 and a 1 year high of $9.85. The business’s fifty day moving average is $8.96 and its two-hundred day moving average is $8.41. The stock has a market capitalization of $699.25 million, a P/E ratio of 13.75, a P/E/G ratio of 2.41 and a beta of 1.67. The company has a debt-to-equity ratio of 2.61, a quick ratio of 166.64 and a current ratio of 166.64.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings data on Monday, June 6th. The company reported $0.27 earnings per share for the quarter. The business had revenue of $40.06 million during the quarter. TPG RE Finance Trust had a return on equity of 6.37% and a net margin of 20.46%. On average, research analysts forecast that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, September 26th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 10.7%. The ex-dividend date was Friday, September 26th. TPG RE Finance Trust’s payout ratio is presently 147.69%.

TPG RE Finance Trust declared that its board has authorized a stock repurchase program on Thursday, September 4th that permits the company to repurchase $25.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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.