Stockman Wealth Management Inc. Sells 10,000 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Stockman Wealth Management Inc. trimmed its position in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 44.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,300 shares of the company’s stock after selling 10,000 shares during the quarter. Stockman Wealth Management Inc.’s holdings in TPG RE Finance Trust were worth $80,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. bought a new stake in TPG RE Finance Trust during the 3rd quarter worth about $70,000. Quantbot Technologies LP acquired a new position in TPG RE Finance Trust during the third quarter valued at approximately $80,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in TPG RE Finance Trust by 51.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,186 shares of the company’s stock valued at $99,000 after purchasing an additional 5,128 shares in the last quarter. Caxton Associates LP acquired a new position in shares of TPG RE Finance Trust during the 3rd quarter worth approximately $111,000. Finally, SG Americas Securities LLC bought a new stake in shares of TPG RE Finance Trust during the 3rd quarter worth approximately $184,000. 57.12% of the stock is currently owned by institutional investors.

TPG RE Finance Trust Stock Performance

Shares of NYSE:TRTX traded up $0.24 on Tuesday, hitting $7.85. The company had a trading volume of 344,399 shares, compared to its average volume of 642,855. The stock has a market cap of $611.28 million, a price-to-earnings ratio of -4.51 and a beta of 2.10. The stock has a 50 day moving average price of $7.24 and a 200 day moving average price of $6.49. TPG RE Finance Trust, Inc. has a 1-year low of $4.64 and a 1-year high of $8.12. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, March 28th will be paid a $0.24 dividend. 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 12.23%. TPG RE Finance Trust’s dividend payout ratio (DPR) is currently -56.80%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TRTX shares. 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 research note on Thursday, February 22nd. Raymond James downgraded shares of TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 price objective for the company. in a research report on Friday, April 12th. Bank of America reiterated an “underperform” rating and issued a $6.50 target price on shares of TPG RE Finance Trust in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. boosted their price target on TPG RE Finance Trust from $7.00 to $7.50 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $7.70.

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.