Alpine Global Management LLC Makes New $317,000 Investment in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Alpine Global Management LLC purchased a new stake in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,261 shares of the company's stock, valued at approximately $317,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TRTX. Prudential Financial Inc. acquired a new position in shares of TPG RE Finance Trust during the 4th quarter valued at $1,526,000. Teacher Retirement System of Texas raised its position in TPG RE Finance Trust by 41.7% in the fourth quarter. Teacher Retirement System of Texas now owns 293,525 shares of the company's stock valued at $2,495,000 after purchasing an additional 86,337 shares during the period. Raymond James Financial Inc. acquired a new position in shares of TPG RE Finance Trust during the fourth quarter worth about $548,000. Van ECK Associates Corp purchased a new stake in shares of TPG RE Finance Trust in the fourth quarter worth about $5,588,000. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of TPG RE Finance Trust in the fourth quarter worth about $672,000. 57.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TRTX shares. Wells Fargo & Company dropped their target price on TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating on the stock in a 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 research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of TPG RE Finance Trust from $7.00 to $8.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, TPG RE Finance Trust has an average rating of "Moderate Buy" and an average price target of $9.50.

TPG RE Finance Trust Stock Down 0.2%

Shares of TRTX stock traded down $0.02 during mid-day trading on Wednesday, reaching $7.68. 86,747 shares of the company were exchanged, compared to its average volume of 644,112. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81. The business's 50 day simple moving average is $7.59 and its 200 day simple moving average is $8.28. The company has a market capitalization of $612.90 million, a P/E ratio of 10.21, a P/E/G ratio of 0.25 and a beta of 1.63. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 12.51%. The ex-dividend date of this dividend was Friday, March 28th. TPG RE Finance Trust's payout ratio is currently 137.14%.

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.