TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Sold by Quest Partners LLC

Quest Partners LLC cut its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 63.3% during the third quarter, HoldingsChannel.com reports. The firm owned 21,980 shares of the company’s stock after selling 37,896 shares during the period. Quest Partners LLC’s holdings in TPG RE Finance Trust were worth $187,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TRTX. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of TPG RE Finance Trust by 24.3% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 14,563 shares of the company’s stock worth $126,000 after buying an additional 2,850 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of TPG RE Finance Trust in the 2nd quarter worth about $27,000. Price T Rowe Associates Inc. MD boosted its position in shares of TPG RE Finance Trust by 4.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 75,376 shares of the company’s stock worth $582,000 after buying an additional 3,217 shares in the last quarter. TCW Group Inc. boosted its position in shares of TPG RE Finance Trust by 4.8% in the 2nd quarter. TCW Group Inc. now owns 103,274 shares of the company’s stock worth $892,000 after buying an additional 4,770 shares in the last quarter. Finally, Golden State Equity Partners boosted its position in shares of TPG RE Finance Trust by 5.4% in the 3rd quarter. Golden State Equity Partners now owns 105,170 shares of the company’s stock worth $897,000 after buying an additional 5,410 shares in the last quarter. 57.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on TRTX. JMP Securities boosted their price objective on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. upgraded shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and upped their target price for the company from $9.00 to $9.50 in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.08.

TPG RE Finance Trust Price Performance

NYSE:TRTX opened at $9.20 on Thursday. The firm has a market cap of $744.54 million, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 0.25 and a beta of 2.18. The company has a current ratio of 152.83, a quick ratio of 152.83 and a debt-to-equity ratio of 2.03. The company’s 50-day moving average is $8.64 and its two-hundred day moving average is $8.68. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, September 27th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.96 annualized dividend and a dividend yield of 10.43%. TPG RE Finance Trust’s payout ratio is currently 139.13%.

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.