Alliancebernstein L.P. Sells 12,320 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Alliancebernstein L.P. lowered its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 16.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 63,410 shares of the company’s stock after selling 12,320 shares during the quarter. Alliancebernstein L.P.’s holdings in TPG RE Finance Trust were worth $539,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of TPG RE Finance Trust by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 4,939,620 shares of the company’s stock valued at $41,987,000 after purchasing an additional 63,529 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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 worth $12,430,000 after buying an additional 88,592 shares during the period. Arrowstreet Capital Limited Partnership increased its position in TPG RE Finance Trust by 90.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,019,924 shares of the company’s stock valued at $8,669,000 after acquiring an additional 485,690 shares during the last quarter. Wellington Management Group LLP bought a new position in TPG RE Finance Trust during the fourth quarter valued at $5,983,000. Finally, Van ECK Associates Corp purchased a new stake in shares of TPG RE Finance Trust in the fourth quarter valued at $5,588,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price target on TPG RE Finance Trust from $8.50 to $7.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th.

TPG RE Finance Trust Stock Performance

TRTX stock opened at $7.16 on Monday. TPG RE Finance Trust, Inc. has a one year low of $6.47 and a one year high of $9.66. The firm has a market cap of $575.24 million, a price-to-earnings ratio of 9.54, a PEG ratio of 0.25 and a beta of 1.78. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81. The firm has a 50-day simple moving average of $8.08 and a two-hundred day simple moving average of $8.45.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 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 business had revenue of $34.74 million for the quarter, compared to analysts’ expectations of $27.98 million. On average, equities analysts forecast that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 13.42%. The ex-dividend date of this dividend is Friday, March 28th. TPG RE Finance Trust’s payout ratio is 128.00%.

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.