Cubist Systematic Strategies LLC Sells 190,413 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Cubist Systematic Strategies LLC cut its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 41.7% during the 4th quarter, Holdings Channel reports. The firm owned 266,260 shares of the company’s stock after selling 190,413 shares during the period. Cubist Systematic Strategies LLC’s holdings in TPG RE Finance Trust were worth $2,263,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC increased its holdings in shares of TPG RE Finance Trust by 385.9% during the third quarter. Barclays PLC now owns 172,718 shares of the company’s stock worth $1,472,000 after purchasing an additional 137,171 shares during the period. Prudential Financial Inc. acquired a new position in TPG RE Finance Trust in the fourth quarter valued at about $1,526,000. Teacher Retirement System of Texas raised its stake in TPG RE Finance Trust by 41.7% in the fourth quarter. Teacher Retirement System of Texas now owns 293,525 shares of the company’s stock valued at $2,495,000 after purchasing an additional 86,337 shares in the last quarter. Franklin Resources Inc. raised its stake in TPG RE Finance Trust by 112.5% in the third quarter. Franklin Resources Inc. now owns 156,444 shares of the company’s stock valued at $1,308,000 after purchasing an additional 82,817 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new position in TPG RE Finance Trust in the fourth quarter valued at about $5,588,000. 57.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TRTX shares. JPMorgan Chase & Co. boosted their price target on TPG RE Finance Trust from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Wells Fargo & Company cut their target price on TPG RE Finance Trust from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st.

TPG RE Finance Trust Trading Up 0.9%

TRTX opened at $7.67 on Monday. The company’s 50 day moving average is $7.77 and its 200-day moving average is $8.35. TPG RE Finance Trust, Inc. has a 1-year low of $6.47 and a 1-year 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 company has a market cap of $612.50 million, a P/E ratio of 10.23, a PEG ratio of 0.25 and a beta of 1.63.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings data 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 firm had revenue of $34.74 million for the quarter, compared to the consensus estimate of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. Equities research analysts predict 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 company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, March 28th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a yield of 12.52%. TPG RE Finance Trust’s dividend payout ratio is currently 137.14%.

TPG RE Finance Trust 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.