Rhumbline Advisers Has $846,000 Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Rhumbline Advisers decreased its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 10.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,916 shares of the company’s stock after selling 11,017 shares during the quarter. Rhumbline Advisers owned 0.12% of TPG RE Finance Trust worth $846,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in shares of TPG RE Finance Trust by 4.7% during the first quarter. BNP Paribas Financial Markets now owns 56,807 shares of the company’s stock worth $439,000 after purchasing an additional 2,552 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of TPG RE Finance Trust by 4.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 75,376 shares of the company’s stock worth $582,000 after purchasing an additional 3,217 shares during the last quarter. TCW Group Inc. grew its holdings in shares of TPG RE Finance Trust by 4.8% during the second quarter. TCW Group Inc. now owns 103,274 shares of the company’s stock worth $892,000 after purchasing an additional 4,770 shares during the last quarter. TFO Wealth Partners LLC grew its holdings in shares of TPG RE Finance Trust by 35,280.0% during the fourth quarter. TFO Wealth Partners LLC now owns 7,076 shares of the company’s stock worth $46,000 after purchasing an additional 7,056 shares during the last quarter. Finally, Bailard Inc. bought a new stake in shares of TPG RE Finance Trust during the second quarter worth about $102,000. Institutional investors and hedge funds own 57.12% of the company’s stock.

TPG RE Finance Trust Price Performance

Shares of TRTX opened at $8.70 on Tuesday. TPG RE Finance Trust, Inc. has a 52-week low of $4.64 and a 52-week high of $9.66. The company has a debt-to-equity ratio of 2.13, a quick ratio of 154.59 and a current ratio of 154.59. The business’s 50 day moving average price is $8.80 and its two-hundred day moving average price is $8.41. The firm has a market cap of $698.05 million, a PE ratio of -5.54, a price-to-earnings-growth ratio of 0.25 and a beta of 2.19.

TPG RE Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, September 27th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 11.03%. The ex-dividend date of this dividend is Friday, September 27th. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently -61.15%.

Analyst Ratings Changes

Several research firms have recently weighed in on TRTX. JMP Securities boosted their price target 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. BTIG Research reiterated a “buy” rating and issued a $11.00 target price on shares of TPG RE Finance Trust in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.75.

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.