Swiss National Bank Sells 6,100 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Swiss National Bank lowered its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 111,400 shares of the company’s stock after selling 6,100 shares during the period. Swiss National Bank owned 0.14% of TPG RE Finance Trust worth $947,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in TPG RE Finance Trust by 94.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,932 shares of the company’s stock worth $1,330,000 after acquiring an additional 75,671 shares in the last quarter. Barclays PLC raised its holdings in shares of TPG RE Finance Trust by 385.9% in the 3rd quarter. Barclays PLC now owns 172,718 shares of the company’s stock valued at $1,472,000 after purchasing an additional 137,171 shares during the period. Geode Capital Management LLC raised its holdings in shares of TPG RE Finance Trust by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,456,883 shares of the company’s stock valued at $12,430,000 after purchasing an additional 88,592 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in TPG RE Finance Trust in the 3rd quarter valued at about $2,328,000. Finally, Jane Street Group LLC grew its holdings in TPG RE Finance Trust by 29.2% during the third quarter. Jane Street Group LLC now owns 176,298 shares of the company’s stock worth $1,504,000 after purchasing an additional 39,834 shares during the period. Institutional investors and hedge funds own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Performance

Shares of TRTX stock opened at $8.02 on Friday. TPG RE Finance Trust, Inc. has a 52 week low of $6.99 and a 52 week high of $9.66. The company has a market capitalization of $649.25 million, a price-to-earnings ratio of 10.69, a PEG ratio of 0.25 and a beta of 2.23. The company has a 50-day simple moving average of $8.47 and a 200 day simple moving average of $8.62. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. The firm had revenue of $34.74 million for the quarter, compared to the consensus estimate of $27.98 million. On average, sell-side analysts predict that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 11.98%. The ex-dividend date of this dividend is Friday, March 28th. TPG RE Finance Trust’s dividend payout ratio is 128.00%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their price objective on TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, TPG RE Finance Trust currently has an average rating of “Buy” and an average target price of $9.40.

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.