Connor Clark & Lunn Investment Management Ltd. Sells 40,739 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Connor Clark & Lunn Investment Management Ltd. lowered its stake in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 27.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,585 shares of the company’s stock after selling 40,739 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in TPG RE Finance Trust were worth $923,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in TPG RE Finance Trust by 94.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,932 shares of the company’s stock valued at $1,330,000 after acquiring an additional 75,671 shares in the last quarter. Barclays PLC boosted its holdings in TPG RE Finance Trust by 385.9% in the third quarter. Barclays PLC now owns 172,718 shares of the company’s stock valued at $1,472,000 after acquiring an additional 137,171 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of TPG RE Finance Trust by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,456,883 shares of the company’s stock valued at $12,430,000 after buying an additional 88,592 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of TPG RE Finance Trust during the 3rd quarter valued at $2,328,000. Finally, Jane Street Group LLC boosted its holdings in shares of TPG RE Finance Trust by 29.2% during the 3rd quarter. Jane Street Group LLC now owns 176,298 shares of the company’s stock valued at $1,504,000 after buying an additional 39,834 shares in the last quarter. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Price Performance

TRTX opened at $8.50 on Friday. The stock has a 50-day moving average price of $8.48 and a 200-day moving average price of $8.64. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. The firm has a market cap of $688.13 million, a PE ratio of 11.33, a P/E/G ratio of 0.25 and a beta of 2.23. TPG RE Finance Trust, Inc. has a 1 year low of $6.99 and a 1 year high of $9.66.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.18). The company had revenue of $34.74 million during the quarter, compared to analysts’ expectations of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. Sell-side 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 business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 11.30%. The ex-dividend date of this dividend is Friday, March 28th. TPG RE Finance Trust’s dividend payout ratio is presently 128.00%.

Wall Street Analyst Weigh In

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

TPG RE Finance Trust Company 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.