TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Sold by Algert Global LLC

Algert Global LLC cut its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 11.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 193,957 shares of the company’s stock after selling 24,889 shares during the period. Algert Global LLC owned 0.24% of TPG RE Finance Trust worth $1,654,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TRTX. Meeder Asset Management Inc. grew its holdings in shares of TPG RE Finance Trust by 88.3% during the third quarter. Meeder Asset Management Inc. now owns 5,847 shares of the company’s stock worth $50,000 after buying an additional 2,742 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in TPG RE Finance Trust by 24.3% in the 2nd 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 during the last quarter. Price T Rowe Associates Inc. MD raised its position in TPG RE Finance Trust by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 75,376 shares of the company’s stock worth $582,000 after buying an additional 3,217 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of TPG RE Finance Trust by 6.4% in the 3rd quarter. Cerity Partners LLC now owns 68,991 shares of the company’s stock worth $588,000 after acquiring an additional 4,158 shares during the period. Finally, TCW Group Inc. boosted its holdings in shares of TPG RE Finance Trust by 4.8% in the second quarter. TCW Group Inc. now owns 103,274 shares of the company’s stock valued at $892,000 after acquiring an additional 4,770 shares in the last quarter. 57.12% of the stock is currently owned by institutional investors and hedge funds.

TPG RE Finance Trust Stock Performance

Shares of TRTX opened at $9.20 on Thursday. TPG RE Finance Trust, Inc. has a 12-month low of $5.12 and a 12-month high of $9.66. The company has a current ratio of 152.83, a quick ratio of 152.83 and a debt-to-equity ratio of 2.03. The company has a 50-day moving average of $8.64 and a two-hundred day moving average of $8.68. The stock has a market cap of $744.54 million, a P/E ratio of 13.33, a PEG ratio of 0.25 and a beta of 2.18.

TPG RE Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, September 27th were given a $0.24 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.96 annualized dividend and a dividend yield of 10.43%. TPG RE Finance Trust’s dividend payout ratio is currently 139.13%.

Analysts Set New Price Targets

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

TPG RE Finance Trust 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.