TPG RE Finance Trust, Inc. (NYSE:TRTX) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $9.8333.

A number of equities research analysts have commented on TRTX shares. Citigroup reiterated a “market outperform” rating on shares of TPG RE Finance Trust in a report on Tuesday, June 9th. Citizens Jmp upgraded TPG RE Finance Trust from a “market perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a report on Thursday, March 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of TPG RE Finance Trust in a report on Friday, May 22nd. JPMorgan Chase & Co. lowered their target price on 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. Finally, Zacks Research upgraded TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st.

Institutional Investors Weigh In On TPG RE Finance Trust

Hedge funds have recently made changes to their positions in the business. Kemnay Advisory Services Inc. acquired a new stake in shares of TPG RE Finance Trust during the fourth quarter worth $30,000. Kestra Advisory Services LLC acquired a new stake in shares of TPG RE Finance Trust during the fourth quarter worth $30,000. Russell Investments Group Ltd. boosted its holdings in shares of TPG RE Finance Trust by 2,454.1% during the third quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock worth $51,000 after purchasing an additional 5,718 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of TPG RE Finance Trust by 86.6% during the second quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock worth $50,000 after purchasing an additional 3,013 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of TPG RE Finance Trust by 249.1% during the second quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock worth $53,000 after purchasing an additional 4,865 shares during the last quarter. Institutional investors and hedge funds own 57.12% of the company’s stock.

TPG RE Finance Trust Price Performance

Shares of NYSE:TRTX opened at $8.52 on Friday. The business’s fifty day moving average price is $8.41 and its two-hundred day moving average price is $8.55. The stock has a market cap of $658.29 million, a PE ratio of 13.52, a price-to-earnings-growth ratio of 1.75 and a beta of 1.41. The company has a debt-to-equity ratio of 3.11, a quick ratio of 201.40 and a current ratio of 201.40. TPG RE Finance Trust has a one year low of $7.57 and a one year high of $9.85.

TPG RE Finance Trust (NYSE:TRTX) last announced its earnings results on Tuesday, April 28th. The company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $37.31 million for the quarter, compared to analysts’ expectations of $37.15 million. TPG RE Finance Trust had a return on equity of 6.91% and a net margin of 19.38%. On average, analysts forecast that TPG RE Finance Trust will post 0.93 EPS for the current fiscal year.

TPG RE Finance Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, June 26th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, June 26th. This represents a $0.96 annualized dividend and a dividend yield of 11.3%. TPG RE Finance Trust’s dividend payout ratio (DPR) is 152.38%.

TPG RE Finance Trust Company Profile

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.