Coulter & Justus Financial Services LLC Has $1.72 Million Stock Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Coulter & Justus Financial Services LLC decreased its holdings in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) by 15.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 263,919 shares of the company’s stock after selling 49,802 shares during the period. TPG RE Finance Trust comprises approximately 1.2% of Coulter & Justus Financial Services LLC’s holdings, making the stock its 15th largest position. Coulter & Justus Financial Services LLC’s holdings in TPG RE Finance Trust were worth $1,715,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. bought a new position in TPG RE Finance Trust during the third quarter worth about $70,000. Quantbot Technologies LP bought a new position in TPG RE Finance Trust during the third quarter worth about $80,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in TPG RE Finance Trust by 51.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,186 shares of the company’s stock worth $99,000 after purchasing an additional 5,128 shares during the period. Caxton Associates LP bought a new position in TPG RE Finance Trust during the third quarter worth about $111,000. Finally, SG Americas Securities LLC bought a new position in TPG RE Finance Trust during the third quarter worth about $184,000. Institutional investors and hedge funds own 57.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TRTX shares. JPMorgan Chase & Co. increased their price target on shares of TPG RE Finance Trust from $7.00 to $7.50 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Wells Fargo & Company increased their price target on shares of TPG RE Finance Trust from $6.00 to $7.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Bank of America reissued an “underperform” rating and issued a $6.50 price target on shares of TPG RE Finance Trust in a report on Monday, March 4th. Finally, Raymond James downgraded shares of TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 price target on the stock. in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $7.70.

TPG RE Finance Trust Price Performance

TRTX traded down $0.16 on Thursday, reaching $8.13. The company had a trading volume of 660,165 shares, compared to its average volume of 642,031. The business has a 50 day simple moving average of $7.53 and a 200 day simple moving average of $6.56. The company has a market cap of $633.08 million, a price-to-earnings ratio of -5.28 and a beta of 2.10. The company has a debt-to-equity ratio of 2.46, a quick ratio of 158.41 and a current ratio of 158.41. TPG RE Finance Trust, Inc. has a 52-week low of $4.64 and a 52-week high of $8.41.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, March 28th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 11.81%. The ex-dividend date was Wednesday, March 27th. TPG RE Finance Trust’s dividend payout ratio is currently -61.15%.

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.