Raymond James Financial Services Advisors Inc. Sells 67,038 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Raymond James Financial Services Advisors Inc. lessened its stake in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 72.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,467 shares of the company’s stock after selling 67,038 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in TPG RE Finance Trust were worth $166,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TRTX. SG Americas Securities LLC bought a new position in TPG RE Finance Trust during the third quarter worth about $184,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of TPG RE Finance Trust by 3,051.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 935,165 shares of the company’s stock worth $6,294,000 after acquiring an additional 905,492 shares during the period. Principal Financial Group Inc. acquired a new position in shares of TPG RE Finance Trust during the 3rd quarter worth approximately $70,000. Quantbot Technologies LP bought a new stake in TPG RE Finance Trust in the 3rd quarter valued at $80,000. Finally, Swiss National Bank raised its stake in TPG RE Finance Trust by 9.2% in the 3rd quarter. Swiss National Bank now owns 127,600 shares of the company’s stock valued at $859,000 after acquiring an additional 10,700 shares during the period. 57.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TRTX. JPMorgan Chase & Co. lifted their price objective on shares of TPG RE Finance Trust from $7.00 to $7.50 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Wells Fargo & Company lifted their target price on shares of TPG RE Finance Trust from $6.00 to $7.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Bank of America reissued an “underperform” rating and issued a $6.50 price target on shares of TPG RE Finance Trust in a report on Monday, March 4th. Finally, Raymond James cut TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 price objective for the company. in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7.70.

TPG RE Finance Trust Trading Down 3.7 %

TRTX stock opened at $7.55 on Friday. TPG RE Finance Trust, Inc. has a 52 week low of $4.64 and a 52 week high of $8.12. The company has a debt-to-equity ratio of 2.46, a quick ratio of 158.41 and a current ratio of 158.41. The company’s 50-day simple moving average is $7.34 and its 200 day simple moving average is $6.51. The company has a market capitalization of $587.91 million, a PE ratio of -4.47 and a beta of 2.10.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, March 28th were given a $0.24 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.72%. TPG RE Finance Trust’s payout ratio is -56.80%.

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.