Invesco Ltd. Sells 1,214,542 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Invesco Ltd. reduced its stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 80.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 285,833 shares of the company's stock after selling 1,214,542 shares during the quarter. Invesco Ltd. owned 0.35% of TPG RE Finance Trust worth $2,430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Polymer Capital Management US LLC purchased a new stake in TPG RE Finance Trust during the 4th quarter valued at about $167,000. Cerity Partners LLC boosted its stake in shares of TPG RE Finance Trust by 4.1% during the fourth quarter. Cerity Partners LLC now owns 71,828 shares of the company's stock valued at $611,000 after purchasing an additional 2,837 shares during the period. Wells Fargo & Company MN grew its holdings in shares of TPG RE Finance Trust by 26.1% in the fourth quarter. Wells Fargo & Company MN now owns 37,762 shares of the company's stock worth $321,000 after purchasing an additional 7,825 shares during the last quarter. ExodusPoint Capital Management LP increased its stake in shares of TPG RE Finance Trust by 77.6% in the fourth quarter. ExodusPoint Capital Management LP now owns 127,418 shares of the company's stock worth $1,083,000 after buying an additional 55,666 shares during the period. Finally, Geode Capital Management LLC raised its holdings in TPG RE Finance Trust by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,464,001 shares of the company's stock valued at $12,447,000 after buying an additional 7,118 shares during the last quarter. 57.12% of the stock is owned by institutional investors.

TPG RE Finance Trust Trading Up 1.5 %

TPG RE Finance Trust stock traded up $0.11 during mid-day trading on Friday, reaching $7.66. 458,897 shares of the company traded hands, compared to its average volume of 644,583. The firm's 50 day moving average price is $7.86 and its 200 day moving average price is $8.39. TPG RE Finance Trust, Inc. has a 52-week low of $6.47 and a 52-week high of $9.66. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. The firm has a market capitalization of $615.75 million, a price-to-earnings ratio of 10.21, a P/E/G ratio of 0.25 and a beta of 1.78.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.18). TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. The company had revenue of $34.74 million for the quarter, compared to analysts' expectations of $27.98 million. On average, analysts anticipate that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, March 28th were paid a $0.24 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 12.53%. TPG RE Finance Trust's payout ratio is 128.00%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TRTX. JPMorgan Chase & Co. raised their price target 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. Wells Fargo & Company cut their target price 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.

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.