TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives $9.83 Consensus Target Price from Analysts

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $9.8333.

TRTX has been the topic of a number of research analyst reports. Citigroup raised shares of TPG RE Finance Trust from a “market perform” rating to an “outperform” rating in a report on Thursday, March 12th. Weiss Ratings reissued a “hold (c)” rating on shares of TPG RE Finance Trust in a report on Friday, May 22nd. Citizens Jmp raised shares of TPG RE Finance Trust from a “market perform” rating to an “outperform” rating and set a $10.00 price objective on the stock in a report on Thursday, March 12th. Zacks Research raised shares of TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of TPG RE Finance Trust from $10.50 to $9.50 and set an “overweight” rating on the stock in a report on Thursday, April 16th.

Institutional Trading of TPG RE Finance Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Van ECK Associates Corp lifted its holdings in shares of TPG RE Finance Trust by 0.5% in the third quarter. Van ECK Associates Corp now owns 530,776 shares of the company’s stock valued at $4,543,000 after purchasing an additional 2,379 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of TPG RE Finance Trust by 14.1% in the second quarter. The Manufacturers Life Insurance Company now owns 24,164 shares of the company’s stock valued at $187,000 after purchasing an additional 2,985 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of TPG RE Finance Trust by 86.6% in the second quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock valued at $50,000 after purchasing an additional 3,013 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of TPG RE Finance Trust by 3.8% in the fourth quarter. Royal Bank of Canada now owns 90,818 shares of the company’s stock valued at $781,000 after purchasing an additional 3,311 shares in the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of TPG RE Finance Trust in the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Price Performance

Shares of NYSE:TRTX opened at $8.39 on Monday. The company’s fifty day moving average price is $8.18 and its 200 day moving average price is $8.61. TPG RE Finance Trust has a 12 month low of $7.48 and a 12 month high of $9.85. The company has a debt-to-equity ratio of 3.11, a current ratio of 201.40 and a quick ratio of 201.40. The firm has a market capitalization of $648.92 million, a P/E ratio of 13.32, a P/E/G ratio of 1.69 and a beta of 1.44.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. The firm had revenue of $37.31 million for the quarter, compared to the consensus estimate of $37.15 million. TPG RE Finance Trust had a net margin of 19.38% and a return on equity of 6.91%. As a group, sell-side analysts predict that TPG RE Finance Trust will post 0.94 earnings per share for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, March 27th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 11.4%. The ex-dividend date of this dividend was Friday, March 27th. TPG RE Finance Trust’s dividend payout ratio is 152.38%.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.