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

Alpine Global Management LLC bought a new position in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 37,261 shares of the company's stock, valued at approximately $317,000.

A number of other hedge funds also recently made changes to their positions in the company. New Age Alpha Advisors LLC bought a new stake in TPG RE Finance Trust in the 4th quarter worth approximately $43,000. McIlrath & Eck LLC bought a new stake in TPG RE Finance Trust in the third quarter worth $58,000. KLP Kapitalforvaltning AS purchased a new stake in TPG RE Finance Trust during the fourth quarter valued at $75,000. Virtu Financial LLC purchased a new stake in TPG RE Finance Trust during the fourth quarter valued at $85,000. Finally, Stratos Wealth Partners LTD. lifted its position in TPG RE Finance Trust by 20.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company's stock valued at $131,000 after purchasing an additional 2,623 shares during the last quarter. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

TPG RE Finance Trust Trading Down 0.7 %

NYSE:TRTX traded down $0.05 during midday trading on Friday, hitting $7.22. 752,081 shares of the company traded hands, compared to its average volume of 643,446. The firm has a market capitalization of $580.38 million, a P/E ratio of 9.63, a P/E/G ratio of 0.25 and a beta of 1.78. The firm's fifty day moving average is $7.94 and its 200-day moving average is $8.41. TPG RE Finance Trust, Inc. has a 12-month low of $6.47 and a 12-month high of $9.66. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 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 firm had revenue of $34.74 million for the quarter, compared to analysts' expectations of $27.98 million. On average, sell-side analysts predict that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current year.

TPG RE Finance Trust Dividend Announcement

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

Analyst Ratings Changes

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

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.