TPG RE Finance Trust, Inc. $TRTX Shares Sold by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. has reduced its stake in TPG RE Finance Trust, Inc. by 75.8%, now owning just 10,043 shares after selling 31,500 shares in the first quarter.
• Analysts have mixed views on TPG RE Finance Trust, with Wells Fargo raising its target price to $11.00 and giving it an "overweight" rating, while two other brokerages maintain a "Buy" rating.
• TPG RE Finance Trust announced a quarterly dividend of $0.24 per share, resulting in a 10.6% dividend yield, despite a high payout ratio of 147.69%.

Fox Run Management L.L.C. cut its stake in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 75.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,043 shares of the company's stock after selling 31,500 shares during the quarter. Fox Run Management L.L.C.'s holdings in TPG RE Finance Trust were worth $82,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Arlington Trust Co LLC purchased a new position in shares of TPG RE Finance Trust in the 1st quarter valued at $41,000. New Age Alpha Advisors LLC grew its stake in TPG RE Finance Trust by 38.8% during the 1st quarter. New Age Alpha Advisors LLC now owns 7,009 shares of the company's stock worth $57,000 after buying an additional 1,959 shares during the last quarter. ProShare Advisors LLC grew its stake in TPG RE Finance Trust by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 16,797 shares of the company's stock worth $143,000 after buying an additional 5,527 shares during the last quarter. Arizona State Retirement System grew its stake in TPG RE Finance Trust by 20.0% during the 1st quarter. Arizona State Retirement System now owns 19,731 shares of the company's stock worth $161,000 after buying an additional 3,290 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in TPG RE Finance Trust during the 4th quarter worth $203,000. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on TPG RE Finance Trust from $9.00 to $11.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. boosted their target price on TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Wall Street Zen upgraded TPG RE Finance Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $9.50.

TPG RE Finance Trust Stock Performance

Shares of TRTX stock traded down $0.07 on Wednesday, hitting $9.24. The company had a trading volume of 383,584 shares, compared to its average volume of 602,778. The firm has a market cap of $725.78 million, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 2.50 and a beta of 1.63. The company has a 50-day moving average price of $8.46 and a 200-day moving average price of $8.10. The company has a quick ratio of 193.29, a current ratio of 193.29 and a debt-to-equity ratio of 2.75. TPG RE Finance Trust, Inc. has a twelve month low of $6.47 and a twelve month high of $9.36.

TPG RE Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, July 25th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 10.4%. The ex-dividend date of this dividend was Friday, June 27th. TPG RE Finance Trust's payout ratio is 147.69%.

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.