TPG RE Finance Trust, Inc. (NYSE:TRTX) Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 80.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 285,833 shares of the company’s stock after selling 1,214,542 shares during the period. Invesco Ltd.’s holdings in TPG RE Finance Trust were worth $2,430,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new position in TPG RE Finance Trust during the 4th quarter valued at about $43,000. McIlrath & Eck LLC acquired a new position in shares of TPG RE Finance Trust in the 3rd quarter worth approximately $58,000. KLP Kapitalforvaltning AS acquired a new position in shares of TPG RE Finance Trust in the 4th quarter worth approximately $75,000. Virtu Financial LLC acquired a new position in shares of TPG RE Finance Trust in the 4th quarter worth approximately $85,000. Finally, Stratos Wealth Partners LTD. grew its stake in shares of TPG RE Finance Trust by 20.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company’s stock worth $131,000 after purchasing an additional 2,623 shares during the last quarter. Institutional investors and hedge funds own 57.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price objective on shares of TPG RE Finance Trust from $8.50 to $7.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th.

TPG RE Finance Trust Stock Performance

TPG RE Finance Trust stock opened at $7.42 on Tuesday. TPG RE Finance Trust, Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $9.66. The firm’s 50 day simple moving average is $7.92 and its 200-day simple moving average is $8.41. 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 cap of $596.46 million, a P/E ratio of 9.89, a price-to-earnings-growth ratio of 0.25 and a beta of 1.78.

TPG RE Finance Trust (NYSE:TRTX) last announced its 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). The firm had revenue of $34.74 million for 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%. As a group, equities research analysts predict that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current year.

TPG RE Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, March 28th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 12.94%. The ex-dividend date was Friday, March 28th. TPG RE Finance Trust’s dividend payout ratio is currently 128.00%.

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.