TPG RE Finance Trust, Inc. $TRTX Stake Lessened by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in TPG RE Finance Trust by 11.5%, bringing its ownership to 652,591 shares worth approximately $5.32 million.
• Several institutional investors, including Wellington Management and Two Sigma Advisers, have acquired or increased their holdings in TPG RE Finance Trust, reflecting a growing interest in the company.
• TPG RE Finance Trust has declared a quarterly dividend of $0.24 per share, representing an annualized yield of 10.4%, despite a high dividend payout ratio of 147.69%.

Charles Schwab Investment Management Inc. decreased its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 11.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 652,591 shares of the company's stock after selling 84,484 shares during the period. Charles Schwab Investment Management Inc. owned 0.82% of TPG RE Finance Trust worth $5,319,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TRTX. Wells Fargo & Company MN increased its position in TPG RE Finance Trust by 26.1% during the fourth quarter. Wells Fargo & Company MN now owns 37,762 shares of the company's stock worth $321,000 after purchasing an additional 7,825 shares during the last quarter. Legal & General Group Plc increased its position in shares of TPG RE Finance Trust by 7.2% in the fourth quarter. Legal & General Group Plc now owns 57,095 shares of the company's stock worth $485,000 after acquiring an additional 3,812 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of TPG RE Finance Trust in the fourth quarter worth $548,000. Barclays PLC increased its position in shares of TPG RE Finance Trust by 97.8% in the fourth quarter. Barclays PLC now owns 341,721 shares of the company's stock worth $2,905,000 after acquiring an additional 169,003 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of TPG RE Finance Trust by 743.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 24,480 shares of the company's stock worth $208,000 after acquiring an additional 21,578 shares in the last quarter. Institutional investors and hedge funds own 57.12% of the company's stock.

TPG RE Finance Trust Stock Up 0.9%

TRTX stock traded up $0.09 during trading on Monday, reaching $9.36. The stock had a trading volume of 674,475 shares, compared to its average volume of 499,036. The company has a current ratio of 193.29, a quick ratio of 193.29 and a debt-to-equity ratio of 2.75. The firm has a fifty day moving average price of $8.52 and a 200 day moving average price of $8.11. The company has a market capitalization of $735.22 million, a P/E ratio of 14.39, a PEG ratio of 2.51 and a beta of 1.68. TPG RE Finance Trust, Inc. has a 1-year low of $6.47 and a 1-year high of $9.38.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, July 25th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.96 dividend on an annualized basis and a yield of 10.3%. TPG RE Finance Trust's dividend payout ratio is currently 147.69%.

Wall Street Analyst Weigh In

TRTX has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on shares of TPG RE Finance Trust from $9.00 to $11.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Zacks Research raised shares of TPG RE Finance Trust from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen raised shares of TPG RE Finance Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $9.50.

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.