TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $10.00.

Several research analysts recently weighed in on TRTX shares. Wall Street Zen downgraded shares of TPG RE Finance Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Citigroup reiterated a “market outperform” rating on shares of TPG RE Finance Trust in a report on Tuesday, June 9th. JPMorgan Chase & Co. boosted their price objective on TPG RE Finance Trust from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Finally, Weiss Ratings raised TPG RE Finance Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRTX. Kemnay Advisory Services Inc. acquired a new stake in TPG RE Finance Trust during the 4th quarter worth $30,000. Kestra Advisory Services LLC acquired a new stake in shares of TPG RE Finance Trust in the fourth quarter valued at about $30,000. BNP Paribas Financial Markets lifted its stake 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 worth $50,000 after buying an additional 3,013 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of 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 worth $51,000 after buying an additional 5,718 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in 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 acquiring an additional 4,865 shares during the last quarter. 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 $7.70 on Wednesday. The company has a debt-to-equity ratio of 3.30, a quick ratio of 200.26 and a current ratio of 200.26. The firm has a fifty day moving average of $8.22 and a 200 day moving average of $8.27. The firm has a market cap of $591.13 million, a PE ratio of 14.26, a PEG ratio of 1.70 and a beta of 1.42. 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 posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.03). TPG RE Finance Trust had a net margin of 17.03% and a return on equity of 6.85%. The company had revenue of $34.01 million for the quarter, compared to analysts’ expectations of $37.30 million. As a group, research analysts predict that TPG RE Finance Trust will post 0.92 EPS for the current fiscal year.

TPG RE Finance Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, June 26th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 12.5%. The ex-dividend date of this dividend was Friday, June 26th. TPG RE Finance Trust’s dividend payout ratio is currently 177.78%.

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.