Los Angeles Capital Management LLC Cuts Stake in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Los Angeles Capital Management LLC reduced its position in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 14.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,222 shares of the company’s stock after selling 22,500 shares during the quarter. Los Angeles Capital Management LLC owned about 0.16% of TPG RE Finance Trust worth $1,124,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. grew its holdings in TPG RE Finance Trust by 88.3% in the third quarter. Meeder Asset Management Inc. now owns 5,847 shares of the company’s stock worth $50,000 after purchasing an additional 2,742 shares during the last quarter. McIlrath & Eck LLC acquired a new position in TPG RE Finance Trust during the 3rd quarter valued at approximately $58,000. Zacks Investment Management acquired a new position in TPG RE Finance Trust during the 3rd quarter valued at approximately $94,000. Dynamic Technology Lab Private Ltd acquired a new position in TPG RE Finance Trust during the 3rd quarter valued at approximately $99,000. Finally, Stratos Wealth Partners LTD. increased its stake in TPG RE Finance Trust by 20.4% during the 4th 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. 57.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut their price target on shares of TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $8.92.

TPG RE Finance Trust Stock Performance

TRTX opened at $8.64 on Friday. TPG RE Finance Trust, Inc. has a 12-month low of $6.99 and a 12-month high of $9.66. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14. The firm has a market capitalization of $699.47 million, a PE ratio of 11.51, a P/E/G ratio of 0.25 and a beta of 2.16. The firm has a 50 day moving average of $8.50 and a two-hundred day moving average of $8.66.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. The business 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 EPS for the current year.

TPG RE Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, December 27th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 11.12%. The ex-dividend date was Friday, December 27th. TPG RE Finance Trust’s payout ratio is presently 128.00%.

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.