TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 9.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,121 shares of the company’s stock after selling 2,227 shares during the quarter. Nisa Investment Advisors LLC’s holdings in TPG RE Finance Trust were worth $185,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Two Sigma Advisers LP boosted its holdings in shares of TPG RE Finance Trust by 162.0% in the third quarter. Two Sigma Advisers LP now owns 1,282,500 shares of the company’s stock valued at $10,940,000 after acquiring an additional 793,000 shares in the last quarter. Millennium Management LLC boosted its stake in TPG RE Finance Trust by 30.3% during the 2nd quarter. Millennium Management LLC now owns 1,174,646 shares of the company’s stock valued at $10,149,000 after purchasing an additional 273,086 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of TPG RE Finance Trust during the 3rd quarter valued at $2,328,000. Segall Bryant & Hamill LLC bought a new stake in shares of TPG RE Finance Trust in the 3rd quarter worth $2,318,000. Finally, GSA Capital Partners LLP lifted its holdings in shares of TPG RE Finance Trust by 882.6% in the third quarter. GSA Capital Partners LLP now owns 206,078 shares of the company’s stock valued at $1,758,000 after buying an additional 185,105 shares during the period. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Performance

TRTX opened at $8.42 on Friday. The company has a quick ratio of 152.83, a current ratio of 152.83 and a debt-to-equity ratio of 2.03. The firm has a market cap of $681.03 million, a PE ratio of 12.20, a P/E/G ratio of 0.24 and a beta of 2.17. The business has a fifty day simple moving average of $8.69 and a 200-day simple moving average of $8.71. TPG RE Finance Trust, Inc. has a fifty-two week low of $5.12 and a fifty-two week high of $9.66.

TPG RE Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, December 27th were paid a $0.24 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.96 dividend on an annualized basis and a yield of 11.41%. TPG RE Finance Trust’s dividend payout ratio is currently 139.13%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their target price on TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8.92.

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.