JPMorgan Chase & Co. Trims Stock Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

JPMorgan Chase & Co. decreased its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 10.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 776,262 shares of the company's stock after selling 91,965 shares during the period. JPMorgan Chase & Co. owned 0.96% of TPG RE Finance Trust worth $6,598,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Stratos Wealth Partners LTD. raised its position in shares of TPG RE Finance Trust by 20.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company's stock worth $131,000 after acquiring an additional 2,623 shares in the last quarter. Bank of New York Mellon Corp raised its position 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 worth $1,542,000 after acquiring an additional 4,468 shares in the last quarter. SG Americas Securities LLC raised its stake in TPG RE Finance Trust by 19.3% during the fourth quarter. SG Americas Securities LLC now owns 30,596 shares of the company's stock valued at $260,000 after buying an additional 4,944 shares during the last quarter. McIlrath & Eck LLC bought a new stake in TPG RE Finance Trust in the third quarter worth $58,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of TPG RE Finance Trust during the fourth quarter valued at $75,000. Institutional investors own 57.12% of the company's stock.

TPG RE Finance Trust Stock Up 1.6 %

TPG RE Finance Trust stock traded up $0.12 during mid-day trading on Wednesday, reaching $7.45. The stock had a trading volume of 70,589 shares, compared to its average volume of 710,809. The company has a market capitalization of $598.87 million, a price-to-earnings ratio of 9.93, a PEG ratio of 0.25 and a beta of 1.78. The company has a 50-day moving average price of $8.02 and a two-hundred day moving average price of $8.43. TPG RE Finance Trust, Inc. has a one year low of $6.47 and a one year high of $9.66. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last posted its 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). The company had revenue of $34.74 million for the quarter, compared to the consensus estimate of $27.98 million. TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. On average, analysts expect that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 12.89%. The ex-dividend date of this dividend is Friday, March 28th. TPG RE Finance Trust's dividend payout ratio is currently 128.00%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price target on shares of TPG RE Finance Trust from $8.50 to $7.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th.

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.