Wolverine Asset Management LLC Cuts Stock Holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Key Points

• Wolverine Asset Management LLC reduced its stake in TPG RE Finance Trust by 27.6%, selling 74,359 shares and now owning approximately 194,733 shares valued at $1,587,000.
• Several institutional investors, including Long Pond Capital and Renaissance Technologies, have significantly increased their holdings in TPG RE Finance Trust during the fourth quarter.
• TPG RE Finance Trust announced a quarterly dividend of $0.24 per share, which translates to a 10.8% yield, despite a payout ratio of 147.69%.

Wolverine Asset Management LLC lessened its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 27.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 194,733 shares of the company's stock after selling 74,359 shares during the quarter. Wolverine Asset Management LLC owned about 0.24% of TPG RE Finance Trust worth $1,587,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Arlington Trust Co LLC purchased a new stake in shares of TPG RE Finance Trust during the 1st quarter valued at approximately $41,000. New Age Alpha Advisors LLC raised its position in TPG RE Finance Trust by 38.8% in the first quarter. New Age Alpha Advisors LLC now owns 7,009 shares of the company's stock valued at $57,000 after purchasing an additional 1,959 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in TPG RE Finance Trust in the fourth quarter valued at approximately $75,000. ProShare Advisors LLC raised its position in TPG RE Finance Trust by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 16,797 shares of the company's stock valued at $143,000 after purchasing an additional 5,527 shares during the period. Finally, Arizona State Retirement System raised its position in TPG RE Finance Trust by 20.0% in the first quarter. Arizona State Retirement System now owns 19,731 shares of the company's stock valued at $161,000 after purchasing an additional 3,290 shares during the period. Hedge funds and other institutional investors own 57.12% of the company's stock.

TPG RE Finance Trust Stock Up 3.0%

Shares of TPG RE Finance Trust stock traded up $0.27 during trading hours on Tuesday, reaching $9.03. 449,878 shares of the company were exchanged, compared to its average volume of 671,635. TPG RE Finance Trust, Inc. has a 1 year low of $6.47 and a 1 year high of $9.31. The stock's fifty day moving average is $8.17 and its 200 day moving average is $8.04. The company has a debt-to-equity ratio of 2.75, a quick ratio of 193.29 and a current ratio of 193.29. The firm has a market cap of $709.27 million, a PE ratio of 13.88, a PEG ratio of 2.39 and a beta of 1.63.

TPG RE Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, July 25th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.6%. TPG RE Finance Trust's dividend payout ratio is currently 147.69%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TRTX shares. Wall Street Zen raised TPG RE Finance Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Wells Fargo & Company boosted their target price on TPG RE Finance Trust from $9.00 to $11.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. boosted their target price on 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.

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.