Connor Clark & Lunn Investment Management Ltd. Sells 40,739 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Connor Clark & Lunn Investment Management Ltd. lessened its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 27.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,585 shares of the company's stock after selling 40,739 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.13% of TPG RE Finance Trust worth $923,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wealthfront Advisers LLC acquired a new stake in TPG RE Finance Trust during the fourth quarter worth $134,000. Raymond James Financial Inc. bought a new position in shares of TPG RE Finance Trust during the fourth quarter valued at $548,000. Bank of New York Mellon Corp boosted its stake in shares of TPG RE Finance Trust by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 181,368 shares of the company's stock valued at $1,542,000 after purchasing an additional 4,468 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in shares of TPG RE Finance Trust in the 4th quarter worth about $2,287,000. Finally, Van ECK Associates Corp acquired a new stake in shares of TPG RE Finance Trust during the 4th quarter worth about $5,588,000. 57.12% of the stock is currently owned by institutional investors.

TPG RE Finance Trust Price Performance

TPG RE Finance Trust stock traded up $0.08 on Monday, reaching $8.53. The company's stock had a trading volume of 458,537 shares, compared to its average volume of 580,950. TPG RE Finance Trust, Inc. has a twelve month low of $6.99 and a twelve month high of $9.66. The company has a market cap of $690.56 million, a price-to-earnings ratio of 11.37, a PEG ratio of 0.25 and a beta of 2.23. 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's fifty day moving average price is $8.49 and its 200 day moving average price is $8.63.

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TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.18). TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. The company had revenue of $34.74 million for the quarter, compared to the consensus estimate of $27.98 million. Equities analysts expect that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.26%. The ex-dividend date is Friday, March 28th. TPG RE Finance Trust's dividend payout ratio is currently 128.00%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their price target on shares of TPG RE Finance Trust from $9.50 to $8.50 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $9.40.

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.