TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives $10.75 Consensus Price Target from Analysts

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have earned an average rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $10.75.

Several research firms have recently issued reports on TRTX. Weiss Ratings reissued a “buy (b-)” rating on shares of TPG RE Finance Trust in a report on Monday, December 29th. JPMorgan Chase & Co. upped their price objective on shares of TPG RE Finance Trust from $10.00 to $10.50 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Zacks Research downgraded shares of TPG RE Finance Trust from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Saturday, October 18th.

TPG RE Finance Trust Stock Down 0.2%

NYSE TRTX opened at $9.13 on Tuesday. The company has a current ratio of 166.64, a quick ratio of 166.64 and a debt-to-equity ratio of 2.61. The company has a market cap of $714.12 million, a price-to-earnings ratio of 14.04, a PEG ratio of 1.74 and a beta of 1.54. The company has a 50 day moving average of $8.99 and a 200-day moving average of $8.89. TPG RE Finance Trust has a 1-year low of $6.47 and a 1-year high of $9.85.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $37.84 million for the quarter, compared to analyst estimates of $27.87 million. TPG RE Finance Trust had a return on equity of 6.37% and a net margin of 20.46%. On average, equities research analysts expect that TPG RE Finance Trust will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, December 26th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend is Friday, December 26th. TPG RE Finance Trust’s dividend payout ratio (DPR) is 147.69%.

Institutional Investors Weigh In On TPG RE Finance Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC increased its stake in shares of TPG RE Finance Trust by 473.7% in the 2nd quarter. CWM LLC now owns 3,517 shares of the company’s stock valued at $27,000 after purchasing an additional 2,904 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in 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 buying an additional 3,013 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in TPG RE Finance Trust by 2,454.1% in the third quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock valued at $51,000 after buying an additional 5,718 shares in the last quarter. Tower Research Capital LLC TRC grew its position in TPG RE Finance Trust by 249.1% in the second quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock valued at $53,000 after acquiring an additional 4,865 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in TPG RE Finance Trust by 24.5% during the second quarter. Ameritas Investment Partners Inc. now owns 6,998 shares of the company’s stock worth $54,000 after acquiring an additional 1,375 shares in the last quarter. 57.12% of the stock is currently owned by institutional investors.

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.