Golden State Equity Partners Has $811,000 Stock Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Golden State Equity Partners reduced its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 5.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,476 shares of the company’s stock after selling 5,569 shares during the quarter. Golden State Equity Partners’ holdings in TPG RE Finance Trust were worth $811,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TRTX. New Age Alpha Advisors LLC purchased a new position in TPG RE Finance Trust during the fourth quarter worth about $43,000. KLP Kapitalforvaltning AS purchased a new position in TPG RE Finance Trust during the fourth quarter worth about $75,000. Virtu Financial LLC purchased a new position in TPG RE Finance Trust during the fourth quarter worth about $85,000. Wealthfront Advisers LLC purchased a new position in TPG RE Finance Trust during the fourth quarter worth about $134,000. Finally, ProShare Advisors LLC boosted its holdings in TPG RE Finance Trust by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 16,797 shares of the company’s stock worth $143,000 after purchasing an additional 5,527 shares during the last quarter. 57.12% of the stock is currently owned by institutional investors and hedge funds.

TPG RE Finance Trust Stock Performance

Shares of TRTX stock opened at $7.89 on Thursday. The firm has a market cap of $630.10 million, a price-to-earnings ratio of 11.27, a P/E/G ratio of 2.41 and a beta of 1.62. The company has a debt-to-equity ratio of 2.52, a quick ratio of 182.89 and a current ratio of 182.89. TPG RE Finance Trust, Inc. has a 52 week low of $6.47 and a 52 week high of $9.66. The firm’s 50-day simple moving average is $7.70 and its two-hundred day simple moving average is $8.12.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, July 25th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 12.17%. The ex-dividend date is Friday, June 27th. TPG RE Finance Trust’s dividend payout ratio (DPR) is currently 137.14%.

Analysts Set New Price Targets

Several research firms recently weighed in on TRTX. Wall Street Zen cut shares of TPG RE Finance Trust from a “hold” rating to a “sell” rating in a report on Friday, May 30th. JPMorgan Chase & Co. boosted their price target on shares of TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Finally, Wells Fargo & Company cut their price target on shares of TPG RE Finance Trust from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $9.50.

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.