Invesco Ltd. Reduces Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Invesco Ltd. lessened its stake in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 80.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 285,833 shares of the company's stock after selling 1,214,542 shares during the period. Invesco Ltd. owned about 0.35% of TPG RE Finance Trust worth $2,430,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. New Age Alpha Advisors LLC purchased a new stake in shares of TPG RE Finance Trust in the fourth quarter valued at approximately $43,000. McIlrath & Eck LLC purchased a new stake in TPG RE Finance Trust in the 3rd quarter worth $58,000. KLP Kapitalforvaltning AS acquired a new position in TPG RE Finance Trust during the fourth quarter worth $75,000. Virtu Financial LLC purchased a new position in TPG RE Finance Trust during the fourth quarter valued at $85,000. Finally, Stratos Wealth Partners LTD. lifted its holdings in TPG RE Finance Trust by 20.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company's stock valued at $131,000 after purchasing an additional 2,623 shares in the last quarter. Institutional investors and hedge funds own 57.12% of the company's stock.

TPG RE Finance Trust Price Performance

Shares of NYSE:TRTX traded down $0.08 during midday trading on Thursday, hitting $7.57. The company's stock had a trading volume of 680,224 shares, compared to its average volume of 648,316. The company has a market cap of $608.11 million, a P/E ratio of 10.09, a price-to-earnings-growth ratio of 0.25 and a beta of 1.78. TPG RE Finance Trust, Inc. has a 12-month low of $6.47 and a 12-month high of $9.66. The business's 50 day simple moving average is $7.89 and its 200 day simple moving average is $8.40. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81.

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

TPG RE Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 28th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 12.69%. The ex-dividend date of this dividend was Friday, March 28th. TPG RE Finance Trust's payout ratio is currently 128.00%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TRTX. Wells Fargo & Company reduced their price target on shares of TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating for the company in a research report on Thursday. JPMorgan Chase & Co. increased their target price on TPG RE Finance Trust from $7.00 to $8.00 and gave the company an "overweight" rating in a report on Thursday.

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.