TPG RE Finance Trust, Inc. (NYSE:TRTX) Holdings Raised by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 41.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 293,525 shares of the company's stock after purchasing an additional 86,337 shares during the quarter. Teacher Retirement System of Texas owned about 0.36% of TPG RE Finance Trust worth $2,495,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Citigroup Inc. lifted its holdings in shares of TPG RE Finance Trust by 1.3% in the third quarter. Citigroup Inc. now owns 1,901,741 shares of the company's stock valued at $16,222,000 after buying an additional 25,115 shares during the period. Geode Capital Management LLC grew its stake 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 purchasing an additional 88,592 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of TPG RE Finance Trust by 162.0% in the 3rd 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 in the last quarter. Van ECK Associates Corp acquired a new stake in TPG RE Finance Trust during the fourth quarter valued at approximately $5,588,000. Finally, Kovitz Investment Group Partners LLC bought a new stake in TPG RE Finance Trust during the third quarter worth approximately $2,328,000. 57.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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TPG RE Finance Trust Trading Down 4.1 %

Shares of TRTX traded down $0.35 during midday trading on Friday, hitting $8.02. The stock had a trading volume of 768,566 shares, compared to its average volume of 600,713. TPG RE Finance Trust, Inc. has a fifty-two week low of $6.99 and a fifty-two week high of $9.66. The business has a 50-day simple moving average of $8.47 and a two-hundred day simple moving average of $8.62. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14. The firm has a market cap of $649.25 million, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 0.25 and a beta of 2.23.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $34.74 million for the quarter, compared to analysts' expectations of $27.98 million. As a group, equities analysts forecast that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current year.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.98%. TPG RE Finance Trust's dividend payout ratio is 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.