Quest Partners LLC Decreases Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Quest Partners LLC lessened its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 63.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,980 shares of the company’s stock after selling 37,896 shares during the quarter. Quest Partners LLC’s holdings in TPG RE Finance Trust were worth $187,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TRTX. Meeder Asset Management Inc. purchased a new stake in shares of TPG RE Finance Trust during the 2nd quarter worth approximately $27,000. Quarry LP lifted its position in shares of TPG RE Finance Trust by 1,731.6% during the 2nd quarter. Quarry LP now owns 7,363 shares of the company’s stock worth $64,000 after buying an additional 6,961 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in shares of TPG RE Finance Trust during the 2nd quarter worth approximately $95,000. Bailard Inc. purchased a new stake in shares of TPG RE Finance Trust during the 2nd quarter worth approximately $102,000. Finally, Caxton Associates LP purchased a new stake in shares of TPG RE Finance Trust during the 2nd quarter worth approximately $106,000. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Performance

Shares of TPG RE Finance Trust stock opened at $9.20 on Thursday. The firm’s fifty day simple moving average is $8.64 and its 200-day simple moving average is $8.68. The stock has a market capitalization of $744.54 million, a price-to-earnings ratio of 13.43, a PEG ratio of 0.25 and a beta of 2.18. 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 debt-to-equity ratio of 2.03, a current ratio of 152.83 and a quick ratio of 152.83.

TPG RE Finance Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

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

About TPG RE Finance Trust

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.