Fox Run Management L.L.C. Cuts Stock Position in TPG RE Finance Trust, Inc. $TRTX

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. lowered its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 75.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TRTX. Wells Fargo & Company MN lifted its holdings in shares of TPG RE Finance Trust by 26.1% in the 4th quarter. Wells Fargo & Company MN now owns 37,762 shares of the company's stock worth $321,000 after acquiring an additional 7,825 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of TPG RE Finance Trust by 7.2% in the 4th 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 during the last quarter. Raymond James Financial Inc. bought a new stake in shares of TPG RE Finance Trust in the 4th quarter worth about $548,000. Barclays PLC lifted its holdings in shares of TPG RE Finance Trust by 97.8% in the 4th quarter. Barclays PLC now owns 341,721 shares of the company's stock worth $2,905,000 after acquiring an additional 169,003 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of TPG RE Finance Trust by 41.5% in the 4th quarter. Marshall Wace LLP now owns 251,525 shares of the company's stock worth $2,138,000 after acquiring an additional 73,809 shares during the last quarter. Institutional investors own 57.12% of the company's stock.

TPG RE Finance Trust Stock Down 0.6%

NYSE TRTX traded down $0.0550 during trading on Monday, reaching $9.1650. 360,943 shares of the company's stock traded hands, compared to its average volume of 661,650. The company has a debt-to-equity ratio of 2.75, a current ratio of 193.29 and a quick ratio of 193.29. The firm has a market cap of $720.28 million, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 2.48 and a beta of 1.63. The company's 50 day simple moving average is $8.38 and its two-hundred day simple moving average is $8.08. TPG RE Finance Trust, Inc. has a 12-month low of $6.47 and a 12-month high of $9.32.

TPG RE Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, July 25th were given a dividend of $0.24 per share. 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 10.5%. TPG RE Finance Trust's dividend payout ratio (DPR) is 147.69%.

Analyst Upgrades and Downgrades

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

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.