Teacher Retirement System of Texas Has $2.50 Million Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Teacher Retirement System of Texas raised its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 41.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,525 shares of the company’s stock after purchasing an additional 86,337 shares during the period. Teacher Retirement System of Texas owned 0.36% of TPG RE Finance Trust worth $2,495,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TRTX. Connor Clark & Lunn Investment Management Ltd. raised its position in TPG RE Finance Trust by 35.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,324 shares of the company’s stock valued at $1,274,000 after acquiring an additional 39,379 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of TPG RE Finance Trust during the 3rd quarter worth $159,000. Citigroup Inc. raised its holdings in shares of TPG RE Finance Trust by 1.3% during the 3rd quarter. Citigroup Inc. now owns 1,901,741 shares of the company’s stock valued at $16,222,000 after purchasing an additional 25,115 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of TPG RE Finance Trust by 6.4% in the 3rd quarter. Cerity Partners LLC now owns 68,991 shares of the company’s stock valued at $588,000 after purchasing an additional 4,158 shares during the last quarter. Finally, Penserra Capital Management LLC increased its position in TPG RE Finance Trust by 22.9% during the third quarter. Penserra Capital Management LLC now owns 116,626 shares of the company’s stock worth $994,000 after buying an additional 21,700 shares during the last quarter. 57.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their price target on TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $9.40.

TPG RE Finance Trust Stock Performance

Shares of TRTX opened at $8.39 on Thursday. The company has a market capitalization of $679.22 million, a PE ratio of 11.18, a price-to-earnings-growth ratio of 0.25 and a beta of 2.23. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. TPG RE Finance Trust, Inc. has a one year low of $6.99 and a one year high of $9.66. The company’s fifty day moving average price is $8.49 and its 200 day moving average price is $8.62.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.18). The business had revenue of $34.74 million for the quarter, compared to analyst estimates of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. As a group, analysts expect that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be paid a $0.24 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 11.45%. TPG RE Finance Trust’s payout ratio is 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.