Wolverine Asset Management LLC raised its holdings in TPG RE Finance Trust Inc (NYSE:TRTX) by 9.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,095 shares of the company’s stock after buying an additional 5,108 shares during the period. Wolverine Asset Management LLC owned approximately 0.10% of TPG RE Finance Trust worth $1,182,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Alyeska Investment Group L.P. purchased a new position in TPG RE Finance Trust in the 3rd quarter valued at approximately $22,073,000. NWQ Investment Management Company LLC purchased a new stake in shares of TPG RE Finance Trust during the 3rd quarter worth $12,920,000. Blackstone Group L.P. purchased a new stake in shares of TPG RE Finance Trust during the 3rd quarter worth $9,507,000. Magnetar Financial LLC purchased a new stake in shares of TPG RE Finance Trust during the 3rd quarter worth $3,954,000. Finally, Geode Capital Management LLC lifted its position in shares of TPG RE Finance Trust by 140.1% during the 4th quarter. Geode Capital Management LLC now owns 82,954 shares of the company’s stock worth $1,580,000 after purchasing an additional 48,405 shares during the last quarter. 32.45% of the stock is owned by institutional investors.
Separately, ValuEngine cut shares of TPG RE Finance Trust from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.33.
TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings data on Monday, February 26th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The firm had revenue of $31.47 million for the quarter, compared to analysts’ expectations of $31.58 million. research analysts anticipate that TPG RE Finance Trust Inc will post 1.91 earnings per share for the current year.
TPG RE Finance Trust Profile
TPG RE Finance Trust, Inc is a commercial real estate finance company. The Company is engaged in originating, acquiring and managing commercial mortgage loans and other commercial real estate-related debt instruments. It focuses primarily on directly originating and selectively acquiring floating rate first mortgage loans that are secured by high quality commercial real estate properties undergoing some form of transition and value creation, such as re-tenanting, refurbishment or other form of repositioning.
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