Sei Investments Co. Has $2.50 Million Stock Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Sei Investments Co. reduced its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 24.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,462 shares of the company’s stock after selling 93,227 shares during the quarter. Sei Investments Co. owned 0.36% of TPG RE Finance Trust worth $2,503,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in TPG RE Finance Trust by 94.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,932 shares of the company’s stock valued at $1,330,000 after buying an additional 75,671 shares during the last quarter. Barclays PLC raised its holdings in shares of TPG RE Finance Trust by 385.9% in the third 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 last quarter. Geode Capital Management LLC lifted its position in shares of TPG RE Finance Trust by 6.5% during the third 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 in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in TPG RE Finance Trust during the third quarter worth about $2,328,000. Finally, Jane Street Group LLC grew its position in TPG RE Finance Trust by 29.2% in the 3rd 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 in the last quarter. 57.12% of the stock is owned by institutional investors.

TPG RE Finance Trust Stock Performance

TPG RE Finance Trust stock opened at $7.52 on Friday. TPG RE Finance Trust, Inc. has a 1-year low of $6.99 and a 1-year high of $9.66. The firm has a market cap of $609.39 million, a P/E ratio of 10.03, a P/E/G ratio of 0.25 and a beta of 1.78. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14. The firm has a 50-day moving average of $8.43 and a 200-day moving average of $8.59.

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

TPG RE Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be paid a $0.24 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 12.76%. TPG RE Finance Trust’s dividend payout ratio is presently 128.00%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their target price 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 investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $9.40.

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.