Charles Schwab Investment Management Inc. Sells 208,498 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Charles Schwab Investment Management Inc. trimmed its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 22.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 737,075 shares of the company's stock after selling 208,498 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.91% of TPG RE Finance Trust worth $6,265,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Citigroup Inc. increased its stake in TPG RE Finance Trust by 1.3% in the 3rd quarter. Citigroup Inc. now owns 1,901,741 shares of the company's stock worth $16,222,000 after acquiring an additional 25,115 shares during the last quarter. Geode Capital Management LLC raised its position in TPG RE Finance Trust by 6.5% during the third quarter. Geode Capital Management LLC now owns 1,456,883 shares of the company's stock valued at $12,430,000 after purchasing an additional 88,592 shares in the last quarter. Two Sigma Advisers LP lifted its stake in TPG RE Finance Trust by 162.0% during the third quarter. Two Sigma Advisers LP now owns 1,282,500 shares of the company's stock worth $10,940,000 after purchasing an additional 793,000 shares during the last quarter. Van ECK Associates Corp purchased a new position in shares of TPG RE Finance Trust in the 4th quarter worth about $5,588,000. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of TPG RE Finance Trust during the 3rd quarter valued at about $2,328,000. Hedge funds and other institutional investors own 57.12% of the company's stock.

TPG RE Finance Trust Trading Down 4.1 %

TRTX stock traded down $0.35 on Friday, reaching $8.02. The company's stock had a trading volume of 768,566 shares, compared to its average volume of 602,376. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81. The business has a fifty day simple moving average of $8.48 and a two-hundred day simple moving average of $8.62. The firm has a market cap of $649.25 million, a PE ratio of 10.69, a PEG ratio of 0.25 and a beta of 2.23. TPG RE Finance Trust, Inc. has a 12-month low of $6.99 and a 12-month high of $9.66.

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TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.18). TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. The company had revenue of $34.74 million for the quarter, compared to analysts' expectations of $27.98 million. As a group, 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 company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be paid a $0.24 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.96 annualized dividend and a yield of 11.98%. TPG RE Finance Trust's payout ratio is 128.00%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their target price on shares of TPG RE Finance Trust from $9.50 to $8.50 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, TPG RE Finance Trust has an average rating of "Buy" and an average target price of $9.40.

About TPG RE Finance Trust

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.