TPG RE Finance Trust, Inc. $TRTX Shares Sold by Gratia Capital LLC

Gratia Capital LLC cut its position in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 51.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,067,333 shares of the company’s stock after selling 2,234,416 shares during the quarter. TPG RE Finance Trust comprises 10.5% of Gratia Capital LLC’s portfolio, making the stock its 2nd biggest holding. Gratia Capital LLC’s holdings in TPG RE Finance Trust were worth $17,304,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of TPG RE Finance Trust during the 2nd quarter worth $1,066,000. California State Teachers Retirement System lifted its stake in TPG RE Finance Trust by 708.0% in the 2nd quarter. California State Teachers Retirement System now owns 540,434 shares of the company’s stock valued at $4,523,000 after purchasing an additional 473,551 shares during the last quarter. Van ECK Associates Corp boosted its position in TPG RE Finance Trust by 9.3% in the second quarter. Van ECK Associates Corp now owns 816,098 shares of the company’s stock valued at $6,831,000 after buying an additional 69,463 shares in the last quarter. Almitas Capital LLC bought a new stake in shares of TPG RE Finance Trust during the second quarter worth $3,036,000. Finally, Bank of America Corp DE acquired a new position in shares of TPG RE Finance Trust during the second quarter worth $2,265,000. 57.12% of the stock is owned by institutional investors.

TPG RE Finance Trust Trading Down 0.6%

NYSE TRTX opened at $7.67 on Thursday. The business’s 50-day moving average price is $8.14 and its two-hundred day moving average price is $8.24. TPG RE Finance Trust, Inc. has a 12 month low of $7.57 and a 12 month high of $9.63. The firm has a market capitalization of $589.21 million, a PE ratio of 14.21, a price-to-earnings-growth ratio of 1.70 and a beta of 1.42. The company has a current ratio of 200.26, a quick ratio of 200.26 and a debt-to-equity ratio of 3.30.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.03). TPG RE Finance Trust had a net margin of 17.03% and a return on equity of 6.85%. The company had revenue of $34.01 million during the quarter, compared to analyst estimates of $37.30 million. On average, analysts expect that TPG RE Finance Trust, Inc. will post 0.92 EPS for the current year.

TPG RE Finance Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, June 26th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, June 26th. This represents a $0.96 annualized dividend and a yield of 12.5%. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 177.78%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TRTX. Citigroup reissued a “market outperform” rating on shares of TPG RE Finance Trust in a report on Tuesday, June 9th. JPMorgan Chase & Co. increased their target price on TPG RE Finance Trust from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Weiss Ratings cut TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, September 1st. Finally, Wall Street Zen upgraded shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.