TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Sold by TCW Group Inc.

TCW Group Inc. reduced its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 60.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,870 shares of the company's stock after selling 62,404 shares during the period. TCW Group Inc. owned approximately 0.05% of TPG RE Finance Trust worth $349,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Meeder Asset Management Inc. lifted its stake in shares of TPG RE Finance Trust by 88.3% in the third quarter. Meeder Asset Management Inc. now owns 5,847 shares of the company's stock valued at $50,000 after purchasing an additional 2,742 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its holdings in TPG RE Finance Trust by 24.3% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 14,563 shares of the company's stock valued at $126,000 after buying an additional 2,850 shares in the last quarter. Cerity Partners LLC lifted its position in shares of TPG RE Finance Trust by 6.4% during the 3rd quarter. Cerity Partners LLC now owns 68,991 shares of the company's stock valued at $588,000 after acquiring an additional 4,158 shares during the period. Golden State Equity Partners boosted its stake in shares of TPG RE Finance Trust by 5.4% during the 3rd quarter. Golden State Equity Partners now owns 105,170 shares of the company's stock worth $897,000 after acquiring an additional 5,410 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of TPG RE Finance Trust by 1,731.6% in the 2nd quarter. Quarry LP now owns 7,363 shares of the company's stock worth $64,000 after acquiring an additional 6,961 shares during the period. 57.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JMP Securities lifted their price objective on TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 21st. JPMorgan Chase & Co. raised TPG RE Finance Trust from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $9.00 to $9.50 in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $9.08.

TPG RE Finance Trust Price Performance

NYSE:TRTX traded up $0.03 during trading hours on Friday, reaching $9.03. 325,312 shares of the company traded hands, compared to its average volume of 610,564. TPG RE Finance Trust, Inc. has a 1-year low of $5.12 and a 1-year high of $9.66. The stock has a market cap of $730.38 million, a P/E ratio of 13.08, a P/E/G ratio of 0.25 and a beta of 2.17. The firm's 50-day moving average is $8.77 and its 200-day moving average is $8.72. 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 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.