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

Goldman Sachs Group Inc. reduced its position in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,983,669 shares of the company’s stock after selling 267,146 shares during the quarter. Goldman Sachs Group Inc. owned about 3.83% of TPG RE Finance Trust worth $19,394,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC raised its stake in TPG RE Finance Trust by 35,280.0% in the 4th quarter. TFO Wealth Partners LLC now owns 7,076 shares of the company’s stock valued at $46,000 after purchasing an additional 7,056 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of TPG RE Finance Trust by 51.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,186 shares of the company’s stock worth $99,000 after acquiring an additional 5,128 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of TPG RE Finance Trust by 1,094.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,657 shares of the company’s stock worth $102,000 after acquiring an additional 14,346 shares during the last quarter. Caxton Associates LP acquired a new stake in shares of TPG RE Finance Trust in the 3rd quarter worth $111,000. Finally, SG Americas Securities LLC increased its stake in shares of TPG RE Finance Trust by 29.2% in the 4th quarter. SG Americas Securities LLC now owns 35,403 shares of the company’s stock worth $230,000 after acquiring an additional 8,007 shares during the last quarter. 57.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TRTX has been the subject of a number of recent research reports. Raymond James downgraded TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 target price for the company. in a research note on Friday, April 12th. Bank of America reaffirmed an “underperform” rating and issued a $6.50 target price on shares of TPG RE Finance Trust in a research note on Monday, March 4th. Wells Fargo & Company raised their price objective on TPG RE Finance Trust from $7.00 to $9.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. raised their price objective on 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8.10.

Insider Activity at TPG RE Finance Trust

In related news, major shareholder Starwood Capital Group Global sold 9,352,941 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $8.84, for a total transaction of $82,679,998.44. Following the completion of the sale, the insider now owns 2,647,059 shares in the company, valued at $23,400,001.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.50% of the stock is currently owned by company insiders.

TPG RE Finance Trust Stock Down 1.6 %

Shares of NYSE:TRTX opened at $8.60 on Thursday. The business has a 50-day moving average price of $8.38 and a 200 day moving average price of $7.34. TPG RE Finance Trust, Inc. has a 12-month low of $4.64 and a 12-month high of $8.96. The company has a market capitalization of $690.03 million, a price-to-earnings ratio of -5.48 and a beta of 2.15. The company has a current ratio of 138.05, a quick ratio of 138.05 and a debt-to-equity ratio of 2.25.

TPG RE Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, June 27th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 11.16%. The ex-dividend date of this dividend is Thursday, June 27th. TPG RE Finance Trust’s dividend payout ratio (DPR) is -61.15%.

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.