TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its stake in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 10.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 776,262 shares of the company’s stock after selling 91,965 shares during the period. JPMorgan Chase & Co.’s holdings in TPG RE Finance Trust were worth $6,598,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of TRTX. Vanguard Group Inc. lifted its stake in shares of TPG RE Finance Trust by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 4,939,620 shares of the company’s stock worth $41,987,000 after buying an additional 63,529 shares during the period. Geode Capital Management LLC raised its stake in 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 worth $12,430,000 after acquiring an additional 88,592 shares during the last quarter. Van ECK Associates Corp acquired a new stake in TPG RE Finance Trust during the 4th quarter worth about $5,588,000. Condor Capital Management grew its stake in TPG RE Finance Trust by 59.7% during the 4th quarter. Condor Capital Management now owns 438,548 shares of the company’s stock valued at $3,728,000 after purchasing an additional 163,934 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of TPG RE Finance Trust by 41.7% in the fourth quarter. Teacher Retirement System of Texas now owns 293,525 shares of the company’s stock valued at $2,495,000 after purchasing an additional 86,337 shares during the period. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Trading Up 1.5 %

NYSE TRTX opened at $7.16 on Friday. TPG RE Finance Trust, Inc. has a 1 year low of $6.47 and a 1 year high of $9.66. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. The company has a market capitalization of $579.66 million, a PE ratio of 9.54, a P/E/G ratio of 0.25 and a beta of 1.78. The company has a fifty day moving average of $8.10 and a 200 day moving average of $8.46.

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 the consensus estimate of $0.26 by ($0.18). The company had revenue of $34.74 million during the quarter, compared to analyst estimates of $27.98 million. TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. Research analysts forecast that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.96 annualized dividend and a yield of 13.42%. 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 $8.50 to $7.00 and set an “overweight” rating for the company in a report on Wednesday.

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.