Alpine Global Management LLC Purchases New Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Alpine Global Management LLC acquired a new stake in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 37,261 shares of the company's stock, valued at approximately $317,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Long Pond Capital LP grew its holdings in TPG RE Finance Trust by 117.1% in the 4th quarter. Long Pond Capital LP now owns 7,303,626 shares of the company's stock worth $62,081,000 after buying an additional 3,938,800 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of TPG RE Finance Trust by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 4,939,620 shares of the company's stock valued at $41,987,000 after purchasing an additional 63,529 shares during the period. Geode Capital Management LLC raised its stake in shares of TPG RE Finance Trust by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,464,001 shares of the company's stock valued at $12,447,000 after purchasing an additional 7,118 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in TPG RE Finance Trust by 90.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,019,924 shares of the company's stock worth $8,669,000 after purchasing an additional 485,690 shares during the period. Finally, Wellington Management Group LLP bought a new position in TPG RE Finance Trust in the 4th quarter valued at about $5,983,000. 57.12% of the stock is currently owned by institutional investors.

TPG RE Finance Trust Stock Down 0.7 %

NYSE:TRTX traded down $0.05 during mid-day trading on Friday, reaching $7.22. The stock had a trading volume of 752,081 shares, compared to its average volume of 642,074. The stock has a market cap of $580.38 million, a P/E ratio of 9.63, a PEG ratio of 0.25 and a beta of 1.78. The business's 50 day moving average is $7.94 and its 200 day moving average is $8.41. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. TPG RE Finance Trust, Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $9.66.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. As a group, sell-side analysts predict that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 13.30%. TPG RE Finance Trust's dividend payout ratio is 128.00%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut their target price on TPG RE Finance Trust from $8.50 to $7.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th.

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.