Alpine Global Management LLC Purchases Shares of 37,261 TPG RE Finance Trust, Inc. (NYSE:TRTX)

Alpine Global Management LLC purchased a new stake in TPG RE Finance Trust, Inc. (NYSE:TRTX) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 37,261 shares of the company’s stock, valued at approximately $317,000.

A number of other large investors also recently bought and sold shares of the stock. State of Wyoming raised its stake in shares of TPG RE Finance Trust by 2.9% during the 4th quarter. State of Wyoming now owns 48,955 shares of the company’s stock worth $416,000 after buying an additional 1,374 shares during the period. Voya Investment Management LLC raised its stake in shares of TPG RE Finance Trust by 3.9% during the 4th quarter. Voya Investment Management LLC now owns 64,401 shares of the company’s stock worth $547,000 after buying an additional 2,417 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of TPG RE Finance Trust by 7.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,101 shares of the company’s stock worth $290,000 after buying an additional 2,478 shares during the period. MetLife Investment Management LLC raised its stake in shares of TPG RE Finance Trust by 7.8% during the 4th quarter. MetLife Investment Management LLC now owns 34,322 shares of the company’s stock worth $292,000 after buying an additional 2,490 shares during the period. Finally, Stratos Wealth Partners LTD. raised its stake in shares of TPG RE Finance Trust by 20.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company’s stock worth $131,000 after buying an additional 2,623 shares during the period. 57.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TRTX shares. JPMorgan Chase & Co. upped their target price on TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Wall Street Zen raised TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Wells Fargo & Company reduced their target price on TPG RE Finance Trust from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $9.50.

TPG RE Finance Trust Stock Up 0.3%

Shares of TRTX opened at $7.57 on Friday. TPG RE Finance Trust, Inc. has a 52-week low of $6.47 and a 52-week high of $9.66. The company has a market capitalization of $604.84 million, a PE ratio of 10.10, a price-to-earnings-growth ratio of 0.25 and a beta of 1.63. The stock has a fifty day simple moving average of $7.65 and a two-hundred day simple moving average of $8.31. The company has a quick ratio of 152.83, a current ratio of 156.81 and a debt-to-equity ratio of 2.14.

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

TPG RE Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 28th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.67%. The ex-dividend date of this dividend was Friday, March 28th. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 137.14%.

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.