TPG RE Finance Trust, Inc. (NYSE:TRTX) Position Reduced by Sei Investments Co.

Sei Investments Co. cut its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 24.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 294,462 shares of the company's stock after selling 93,227 shares during the period. Sei Investments Co. owned about 0.36% of TPG RE Finance Trust worth $2,503,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TRTX. Stratos Wealth Partners LTD. lifted its position in shares of TPG RE Finance Trust by 20.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company's stock worth $131,000 after purchasing an additional 2,623 shares during the last quarter. Cerity Partners LLC raised its stake in TPG RE Finance Trust by 6.4% during the third quarter. Cerity Partners LLC now owns 68,991 shares of the company's stock valued at $588,000 after buying an additional 4,158 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in TPG RE Finance Trust by 2.5% during the 4th quarter. Bank of New York Mellon Corp now owns 181,368 shares of the company's stock worth $1,542,000 after buying an additional 4,468 shares during the last quarter. SG Americas Securities LLC grew its position in shares of TPG RE Finance Trust by 19.3% in the 4th quarter. SG Americas Securities LLC now owns 30,596 shares of the company's stock worth $260,000 after acquiring an additional 4,944 shares in the last quarter. Finally, McIlrath & Eck LLC acquired a new position in shares of TPG RE Finance Trust in the 3rd quarter worth approximately $58,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price objective on 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 research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $9.40.

TPG RE Finance Trust Stock Performance

Shares of TPG RE Finance Trust stock traded up $0.39 on Wednesday, reaching $7.19. 1,908,812 shares of the company were exchanged, compared to its average volume of 629,770. The firm has a market cap of $582.42 million, a price-to-earnings ratio of 9.59, a P/E/G ratio of 0.25 and a beta of 1.78. TPG RE Finance Trust, Inc. has a 1-year low of $6.48 and a 1-year high of $9.66. 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 company's 50-day moving average is $8.29 and its two-hundred day moving average is $8.52.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $27.98 million. As a group, research analysts expect that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be given a $0.24 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.96 annualized dividend and a yield of 13.35%. TPG RE Finance Trust's dividend payout ratio is presently 128.00%.

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.