Teacher Retirement System of Texas Sells 128,105 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Teacher Retirement System of Texas decreased its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 43.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,420 shares of the company's stock after selling 128,105 shares during the period. Teacher Retirement System of Texas owned 0.21% of TPG RE Finance Trust worth $1,348,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Long Pond Capital LP raised its position in shares of TPG RE Finance Trust by 117.1% in the 4th quarter. Long Pond Capital LP now owns 7,303,626 shares of the company's stock worth $62,081,000 after acquiring an additional 3,938,800 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of TPG RE Finance Trust in the 4th quarter worth approximately $5,983,000. Solel Partners LP bought a new position in shares of TPG RE Finance Trust in the 4th quarter worth approximately $5,097,000. Arrowstreet Capital Limited Partnership raised its position in shares of TPG RE Finance Trust by 90.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,019,924 shares of the company's stock worth $8,669,000 after acquiring an additional 485,690 shares in the last quarter. Finally, Two Sigma Advisers LP raised its position in shares of TPG RE Finance Trust by 23.6% in the 4th quarter. Two Sigma Advisers LP now owns 1,585,600 shares of the company's stock worth $13,478,000 after acquiring an additional 303,100 shares in the last quarter. Institutional investors own 57.12% of the company's stock.

TPG RE Finance Trust Stock Down 0.3%

TRTX stock traded down $0.03 on Monday, reaching $8.13. 34,806 shares of the company traded hands, compared to its average volume of 660,872. TPG RE Finance Trust, Inc. has a one year low of $6.47 and a one year high of $9.66. The company has a debt-to-equity ratio of 2.52, a current ratio of 182.89 and a quick ratio of 182.89. The company has a market cap of $648.86 million, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 2.46 and a beta of 1.60. The firm has a fifty day simple moving average of $7.84 and a 200-day simple moving average of $8.04.

TPG RE Finance Trust Dividend Announcement

The business also recently disclosed 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. This represents a $0.96 dividend on an annualized basis and a yield of 11.82%. The ex-dividend date was Friday, June 27th. TPG RE Finance Trust's dividend payout ratio (DPR) is presently 137.14%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Wells Fargo & Company decreased their target price on shares of TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Finally, Wall Street Zen downgraded shares of TPG RE Finance Trust from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.