Alpine Global Management LLC Purchases 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) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 37,261 shares of the company's stock, valued at approximately $317,000.

A number of other institutional investors have also recently added to or reduced their stakes in TRTX. New Age Alpha Advisors LLC acquired a new position in shares of TPG RE Finance Trust in the fourth quarter worth $43,000. KLP Kapitalforvaltning AS bought a new stake in shares of TPG RE Finance Trust in the fourth quarter valued at about $75,000. Virtu Financial LLC bought a new stake in shares of TPG RE Finance Trust in the fourth quarter valued at about $85,000. Stratos Wealth Partners LTD. lifted its stake 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 worth $131,000 after purchasing an additional 2,623 shares during the period. Finally, Wealthfront Advisers LLC acquired a new stake in shares of TPG RE Finance Trust during the fourth quarter worth approximately $134,000. 57.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TRTX has been the topic of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of TPG RE Finance Trust from $7.00 to $8.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Wall Street Zen raised shares of TPG RE Finance Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Wells Fargo & Company decreased their price target on shares of TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, TPG RE Finance Trust has a consensus rating of "Moderate Buy" and an average price target of $9.50.

TPG RE Finance Trust Price Performance

NYSE:TRTX traded up $0.11 during mid-day trading on Tuesday, hitting $7.70. 498,701 shares of the stock traded hands, compared to its average volume of 689,541. 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, Inc. has a 12-month low of $6.47 and a 12-month high of $9.66. The company has a market cap of $614.50 million, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.25 and a beta of 1.63. The business's 50-day moving average price is $7.61 and its 200 day moving average price is $8.28.

TPG RE Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were paid a $0.24 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.48%. TPG RE Finance Trust's dividend payout ratio (DPR) is 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.