TPG RE Finance Trust, Inc. (NYSE:TRTX) Stock Position Reduced by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its position in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 32.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,440 shares of the company’s stock after selling 9,868 shares during the quarter. BNP Paribas Financial Markets’ holdings in TPG RE Finance Trust were worth $174,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Long Pond Capital LP boosted its holdings in TPG RE Finance Trust by 32.4% in the second quarter. Long Pond Capital LP now owns 2,852,894 shares of the company’s stock worth $24,649,000 after purchasing an additional 697,736 shares during the period. Citigroup Inc. raised its stake in TPG RE Finance Trust by 1.3% during the third quarter. Citigroup Inc. now owns 1,901,741 shares of the company’s stock worth $16,222,000 after acquiring an additional 25,115 shares during the period. Millennium Management LLC lifted its holdings in TPG RE Finance Trust by 30.3% in the second quarter. Millennium Management LLC now owns 1,174,646 shares of the company’s stock worth $10,149,000 after acquiring an additional 273,086 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in TPG RE Finance Trust in the third quarter valued at approximately $2,318,000. Finally, FMR LLC grew its holdings in shares of TPG RE Finance Trust by 28.8% during the third quarter. FMR LLC now owns 259,209 shares of the company’s stock valued at $2,211,000 after purchasing an additional 57,960 shares during the last quarter. 57.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $9.00 to $9.50 in a research report on Thursday, October 17th. JMP Securities boosted their price target on shares of 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. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $9.08.

TPG RE Finance Trust Stock Down 2.3 %

TRTX opened at $8.85 on Wednesday. The stock’s 50 day moving average price is $8.79 and its 200 day moving average price is $8.73. The company has a debt-to-equity ratio of 2.03, a current ratio of 152.83 and a quick ratio of 152.83. The stock has a market cap of $715.81 million, a P/E ratio of 12.82, a P/E/G ratio of 0.25 and a beta of 2.17. TPG RE Finance Trust, Inc. has a 12 month low of $5.12 and a 12 month high of $9.66.

TPG RE Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.85%. The ex-dividend date is Friday, December 27th. TPG RE Finance Trust’s dividend payout ratio (DPR) is 139.13%.

TPG RE Finance Trust 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.