Nisa Investment Advisors LLC Lowers Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Nisa Investment Advisors LLC decreased its holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,608 shares of the company’s stock after selling 2,882 shares during the quarter. Nisa Investment Advisors LLC’s holdings in TPG RE Finance Trust were worth $173,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC purchased a new position in shares of TPG RE Finance Trust in the first quarter valued at approximately $32,000. Acadian Asset Management LLC purchased a new position in shares of TPG RE Finance Trust in the first quarter valued at approximately $53,000. Tower Research Capital LLC TRC boosted its stake in shares of TPG RE Finance Trust by 168.9% in the third quarter. Tower Research Capital LLC TRC now owns 4,808 shares of the company’s stock valued at $34,000 after purchasing an additional 3,020 shares during the period. Quantbot Technologies LP boosted its stake in shares of TPG RE Finance Trust by 182.8% in the first quarter. Quantbot Technologies LP now owns 8,200 shares of the company’s stock valued at $96,000 after purchasing an additional 5,300 shares during the period. Finally, Principal Financial Group Inc. purchased a new position in shares of TPG RE Finance Trust in the third quarter valued at approximately $70,000. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Up 2.2 %

TRTX stock opened at $7.52 on Friday. The company has a current ratio of 158.41, a quick ratio of 158.41 and a debt-to-equity ratio of 2.46. TPG RE Finance Trust, Inc. has a twelve month low of $4.64 and a twelve month high of $8.12. The company’s 50 day moving average is $7.19 and its two-hundred day moving average is $6.47. The stock has a market cap of $585.58 million, a P/E ratio of -4.45 and a beta of 2.10.

TPG RE Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.96 dividend on an annualized basis and a yield of 12.77%. TPG RE Finance Trust’s payout ratio is currently -56.80%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TRTX. Bank of America reaffirmed an “underperform” rating and issued a $6.50 target price on shares of TPG RE Finance Trust in a report on Monday, March 4th. Wells Fargo & Company raised their target price on shares of TPG RE Finance Trust from $6.00 to $7.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. raised their target price on shares of TPG RE Finance Trust from $7.00 to $7.50 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Finally, Raymond James cut shares of TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 target price on the stock. in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.70.

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.