Charles Schwab Investment Management Inc. Lowers Stock Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Charles Schwab Investment Management Inc. trimmed its position in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 15.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 945,573 shares of the company’s stock after selling 167,820 shares during the period. Charles Schwab Investment Management Inc. owned about 1.17% of TPG RE Finance Trust worth $8,066,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its stake in shares of TPG RE Finance Trust by 88.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 5,847 shares of the company’s stock worth $50,000 after acquiring an additional 2,742 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of 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 period. Price T Rowe Associates Inc. MD raised its position in shares of 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 acquiring an additional 3,217 shares in the last quarter. TCW Group Inc. raised its position in shares of TPG RE Finance Trust by 4.8% during the 2nd quarter. TCW Group Inc. now owns 103,274 shares of the company’s stock worth $892,000 after acquiring an additional 4,770 shares in the last quarter. Finally, Golden State Equity Partners increased its position in TPG RE Finance Trust by 5.4% during the third quarter. Golden State Equity Partners now owns 105,170 shares of the company’s stock worth $897,000 after buying an additional 5,410 shares during the period. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Stock Up 0.2 %

Shares of TPG RE Finance Trust stock opened at $9.08 on Wednesday. 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 business’s 50 day simple moving average is $8.73 and its 200-day simple moving average is $8.71. The stock has a market capitalization of $734.83 million, a price-to-earnings ratio of 13.16, a PEG ratio of 0.25 and a beta of 2.17. TPG RE Finance Trust, Inc. has a twelve month low of $5.12 and a twelve month high of $9.66.

TPG RE Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, September 27th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 10.57%. The ex-dividend date was Friday, September 27th. TPG RE Finance Trust’s dividend payout ratio is currently 139.13%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TRTX. JMP Securities boosted their target price on TPG RE Finance Trust from $9.50 to $10.00 and gave the company a “market outperform” rating in a report on Wednesday, August 21st. JPMorgan Chase & Co. upgraded TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $9.00 to $9.50 in a research 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.08.

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.