Teacher Retirement System of Texas Cuts Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Teacher Retirement System of Texas decreased its position in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 43.6% during the 1st quarter, according to its most recent disclosure with the 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 about 0.21% of TPG RE Finance Trust worth $1,348,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Long Pond Capital LP boosted its stake in shares of TPG RE Finance Trust by 117.1% during the fourth quarter. Long Pond Capital LP now owns 7,303,626 shares of the company's stock valued at $62,081,000 after acquiring an additional 3,938,800 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of TPG RE Finance Trust by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 4,939,620 shares of the company's stock valued at $41,987,000 after acquiring an additional 63,529 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of TPG RE Finance Trust by 23.6% during the fourth quarter. Two Sigma Advisers LP now owns 1,585,600 shares of the company's stock valued at $13,478,000 after acquiring an additional 303,100 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of TPG RE Finance Trust by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,464,001 shares of the company's stock valued at $12,447,000 after acquiring an additional 7,118 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of TPG RE Finance Trust by 6.9% during the fourth quarter. Millennium Management LLC now owns 1,053,474 shares of the company's stock valued at $8,955,000 after acquiring an additional 68,116 shares during the last quarter. Institutional investors and hedge funds own 57.12% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on TRTX shares. JPMorgan Chase & Co. increased their price objective on TPG RE Finance Trust from $7.00 to $8.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Wall Street Zen lowered TPG RE Finance Trust from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Finally, Wells Fargo & Company decreased their price objective on TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, TPG RE Finance Trust has a consensus rating of "Moderate Buy" and a consensus price target of $9.50.

TPG RE Finance Trust Trading Up 1.8%

NYSE TRTX traded up $0.15 during trading hours on Wednesday, hitting $8.19. 593,065 shares of the company's stock were exchanged, compared to its average volume of 658,146. The business's 50 day moving average is $7.87 and its 200-day moving average is $8.04. TPG RE Finance Trust, Inc. has a 12-month low of $6.47 and a 12-month high of $9.66. The firm has a market capitalization of $653.63 million, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 2.47 and a beta of 1.60. The company has a debt-to-equity ratio of 2.52, a quick ratio of 182.89 and a current ratio of 182.89.

TPG RE Finance Trust Dividend Announcement

The firm 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 annualized dividend and a yield of 11.73%. TPG RE Finance Trust's dividend payout ratio (DPR) is presently 137.14%.

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.