JPMorgan Chase & Co. Has $7.41 Million Stock Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

JPMorgan Chase & Co. trimmed its position in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 40.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 868,227 shares of the company's stock after selling 581,003 shares during the quarter. JPMorgan Chase & Co. owned 1.07% of TPG RE Finance Trust worth $7,406,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRTX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of TPG RE Finance Trust by 94.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,932 shares of the company's stock valued at $1,330,000 after acquiring an additional 75,671 shares in the last quarter. Summit Global Investments acquired a new stake in TPG RE Finance Trust during the third quarter valued at approximately $585,000. Barclays PLC grew its stake in shares of TPG RE Finance Trust by 385.9% in the 3rd quarter. Barclays PLC now owns 172,718 shares of the company's stock valued at $1,472,000 after purchasing an additional 137,171 shares during the period. Geode Capital Management LLC raised its holdings in shares of TPG RE Finance Trust by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,456,883 shares of the company's stock worth $12,430,000 after buying an additional 88,592 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of TPG RE Finance Trust in the 3rd quarter worth approximately $2,328,000. 57.12% of the stock is owned by institutional investors.

TPG RE Finance Trust Price Performance

Shares of NYSE:TRTX traded up $0.18 during midday trading on Wednesday, reaching $8.55. The company's stock had a trading volume of 311,661 shares, compared to its average volume of 469,893. The business's fifty day simple moving average is $8.79 and its 200-day simple moving average is $8.73. The company has a market capitalization of $691.93 million, a P/E ratio of 12.39, a P/E/G ratio of 0.25 and a beta of 2.17. The company has a debt-to-equity ratio of 2.03, a current ratio of 152.83 and a quick ratio of 152.83. TPG RE Finance Trust, Inc. has a fifty-two week low of $5.12 and a fifty-two week high of $9.66.

TPG RE Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, December 27th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.23%. TPG RE Finance Trust's payout ratio is 139.13%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised TPG RE Finance Trust from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $9.00 to $9.50 in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $9.08.

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.