Deutsche Bank AG Sells 80,636 Shares of TPG RE Finance Trust, Inc. $TRTX

Key Points

• Deutsche Bank AG reduced its holdings in TPG RE Finance Trust by 61.6% in the first quarter, owning 50,267 shares valued at $410,000 after selling 80,636 shares.
• TPG RE Finance Trust recently announced a quarterly dividend of $0.24, which results in an annualized dividend yield of 10.4%.
• Analysts have mixed ratings on TPG RE Finance Trust, with JPMorgan raising their price target from $7.00 to $8.00 and Wells Fargo from $9.00 to $11.00, reflecting a generally optimistic outlook.

Deutsche Bank AG trimmed its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 61.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,267 shares of the company's stock after selling 80,636 shares during the period. Deutsche Bank AG owned approximately 0.06% of TPG RE Finance Trust worth $410,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in TPG RE Finance Trust by 1.7% during the first quarter. Vanguard Group Inc. now owns 5,025,832 shares of the company's stock valued at $40,961,000 after acquiring an additional 86,212 shares during the period. New Age Alpha Advisors LLC increased its stake in TPG RE Finance Trust by 38.8% during the first quarter. New Age Alpha Advisors LLC now owns 7,009 shares of the company's stock valued at $57,000 after acquiring an additional 1,959 shares during the period. Jupiter Asset Management Ltd. raised its holdings in TPG RE Finance Trust by 320.4% in the 1st quarter. Jupiter Asset Management Ltd. now owns 92,733 shares of the company's stock valued at $756,000 after acquiring an additional 70,676 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of TPG RE Finance Trust in the 1st quarter worth approximately $489,000. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of TPG RE Finance Trust by 141.9% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 122,486 shares of the company's stock worth $998,000 after purchasing an additional 71,845 shares in the last quarter. 57.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on TRTX shares. Zacks Research upgraded TPG RE Finance Trust from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. Wells Fargo & Company boosted their price target on shares of TPG RE Finance Trust from $9.00 to $11.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Wall Street Zen raised shares of TPG RE Finance Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, TPG RE Finance Trust currently has an average rating of "Buy" and a consensus target price of $9.50.

TPG RE Finance Trust Price Performance

NYSE:TRTX traded up $0.09 during trading hours on Monday, reaching $9.36. The company had a trading volume of 674,475 shares, compared to its average volume of 499,036. The company has a quick ratio of 193.29, a current ratio of 193.29 and a debt-to-equity ratio of 2.75. The stock has a 50-day moving average of $8.52 and a two-hundred day moving average of $8.11. TPG RE Finance Trust, Inc. has a one year low of $6.47 and a one year high of $9.38. The firm has a market capitalization of $735.22 million, a PE ratio of 14.39, a PEG ratio of 2.51 and a beta of 1.68.

TPG RE Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, July 25th were given a dividend of $0.24 per share. The ex-dividend date was Friday, June 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.3%. TPG RE Finance Trust's dividend payout ratio (DPR) is 147.69%.

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.