Wolverine Asset Management LLC Invests $2.29 Million in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Wolverine Asset Management LLC acquired a new position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 269,092 shares of the company’s stock, valued at approximately $2,287,000. Wolverine Asset Management LLC owned about 0.33% of TPG RE Finance Trust as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TRTX. Van ECK Associates Corp bought a new position in shares of TPG RE Finance Trust during the 4th quarter valued at about $5,588,000. Stratos Wealth Partners LTD. boosted its stake in TPG RE Finance Trust by 20.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company’s stock worth $131,000 after buying an additional 2,623 shares in the last quarter. Golden State Equity Partners grew its position in TPG RE Finance Trust by 375.7% during the fourth quarter. Golden State Equity Partners now owns 105,045 shares of the company’s stock valued at $893,000 after acquiring an additional 82,964 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of TPG RE Finance Trust by 19.3% during the fourth quarter. SG Americas Securities LLC now owns 30,596 shares of the company’s stock worth $260,000 after acquiring an additional 4,944 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of TPG RE Finance Trust in the 4th quarter worth approximately $472,000. Institutional investors own 57.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their target price on shares of TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat, TPG RE Finance Trust presently has an average rating of “Moderate Buy” and a consensus price target of $8.92.

TPG RE Finance Trust Stock Performance

Shares of TRTX stock opened at $8.31 on Friday. The company has a market capitalization of $672.71 million, a P/E ratio of 11.07, a PEG ratio of 0.25 and a beta of 2.16. TPG RE Finance Trust, Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $9.66. 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 stock has a 50 day moving average price of $8.52 and a two-hundred day moving average price of $8.65.

TPG RE Finance Trust (NYSE:TRTX) last posted 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). The firm had revenue of $34.74 million for the quarter, compared to the consensus estimate of $27.98 million. TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. Analysts expect that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, December 27th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, December 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.56%. TPG RE Finance Trust’s dividend payout ratio is currently 128.00%.

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.