Wolverine Asset Management LLC Makes New Investment in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Wolverine Asset Management LLC bought a new position in TPG RE Finance Trust, Inc. (NYSE:TRTX) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 269,092 shares of the company’s stock, valued at approximately $2,287,000.

Other large investors have also recently modified their holdings of the company. Stratos Wealth Partners LTD. raised 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. Meeder Asset Management Inc. grew its holdings in shares of TPG RE Finance Trust by 88.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 5,847 shares of the company’s stock worth $50,000 after acquiring an additional 2,742 shares during the period. Cerity Partners LLC raised its position in shares of TPG RE Finance Trust by 6.4% in the 3rd quarter. Cerity Partners LLC now owns 68,991 shares of the company’s stock worth $588,000 after acquiring an additional 4,158 shares in the last quarter. SG Americas Securities LLC raised its position in shares of TPG RE Finance Trust by 19.3% in the 4th 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, Golden State Equity Partners lifted its stake in shares of TPG RE Finance Trust by 5.4% in the 3rd quarter. Golden State Equity Partners now owns 105,170 shares of the company’s stock valued at $897,000 after purchasing an additional 5,410 shares during the period. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Price Performance

Shares of TRTX opened at $8.31 on Friday. TPG RE Finance Trust, Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $9.66. The firm’s 50-day simple moving average is $8.52 and its two-hundred day simple moving average is $8.65. The stock has a market cap of $672.71 million, a PE ratio of 11.07, a price-to-earnings-growth ratio of 0.25 and a beta of 2.16. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81.

TPG RE Finance Trust (NYSE:TRTX) last issued 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 company had revenue of $34.74 million during the quarter, compared to the consensus estimate of $27.98 million. Analysts anticipate that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, December 27th were paid a $0.24 dividend. 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%.

Analysts Set New Price Targets

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

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.