JPMorgan Chase & Co. Reduces Stock Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

JPMorgan Chase & Co. lessened its holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 40.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 868,227 shares of the company’s stock after selling 581,003 shares during the period. JPMorgan Chase & Co. owned about 1.07% of TPG RE Finance Trust worth $7,406,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its stake in shares of TPG RE Finance Trust by 88.3% during 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. McIlrath & Eck LLC bought a new position in TPG RE Finance Trust in the 3rd quarter worth $58,000. Quarry LP increased its position in TPG RE Finance Trust by 1,731.6% in the second quarter. Quarry LP now owns 7,363 shares of the company’s stock worth $64,000 after buying an additional 6,961 shares in the last quarter. Mackenzie Financial Corp bought a new position in shares of TPG RE Finance Trust in the second quarter worth about $95,000. Finally, Zacks Investment Management purchased a new position in shares of TPG RE Finance Trust during the 3rd quarter valued at about $94,000. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Up 0.5 %

Shares of NYSE TRTX opened at $8.38 on Wednesday. TPG RE Finance Trust, Inc. has a 52-week low of $5.12 and a 52-week high of $9.66. The firm has a market capitalization of $678.18 million, a price-to-earnings ratio of 12.15, a PEG ratio of 0.25 and a beta of 2.17. The stock has a 50 day moving average price of $8.80 and a 200 day moving average price of $8.73. The company has a debt-to-equity ratio of 2.03, a quick ratio of 152.83 and a current ratio of 152.83.

TPG RE Finance Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, December 27th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 11.46%. The ex-dividend date is Friday, December 27th. TPG RE Finance Trust’s payout ratio is 139.13%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upgraded shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and upped their price target 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 given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.08.

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.