TPG RE Finance Trust (NYSE:TRTX) Sets New 12-Month Low – Here’s Why

TPG RE Finance Trust, Inc. (NYSE:TRTX)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $7.56 and last traded at $7.5270, with a volume of 26164 shares traded. The stock had previously closed at $7.65.

Analysts Set New Price Targets

Several brokerages have issued reports on TRTX. Citigroup restated a “market outperform” rating on shares of TPG RE Finance Trust in a report on Tuesday, June 9th. JPMorgan Chase & Co. lifted their price target on TPG RE Finance Trust from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Weiss Ratings cut shares of TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. Finally, Wall Street Zen raised shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, TPG RE Finance Trust has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

TPG RE Finance Trust Stock Performance

The company has a debt-to-equity ratio of 3.30, a current ratio of 200.26 and a quick ratio of 200.26. The company has a market cap of $577.69 million, a price-to-earnings ratio of 13.94, a PEG ratio of 1.70 and a beta of 1.42. The firm has a 50 day simple moving average of $8.14 and a 200-day simple moving average of $8.24.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.03). The business had revenue of $34.01 million during the quarter, compared to analyst estimates of $37.30 million. TPG RE Finance Trust had a net margin of 17.03% and a return on equity of 6.85%. As a group, analysts predict that TPG RE Finance Trust, Inc. will post 0.92 EPS for the current fiscal year.

TPG RE Finance Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, June 26th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.96 dividend on an annualized basis and a yield of 12.8%. TPG RE Finance Trust’s dividend payout ratio is presently 177.78%.

Institutional Investors Weigh In On TPG RE Finance Trust

A number of institutional investors have recently made changes to their positions in TRTX. Kemnay Advisory Services Inc. purchased a new stake in shares of TPG RE Finance Trust in the 4th quarter valued at approximately $30,000. Kestra Advisory Services LLC acquired a new stake in TPG RE Finance Trust in the 4th quarter valued at approximately $30,000. BNP Paribas Financial Markets raised its position 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 purchasing an additional 3,013 shares during the period. Russell Investments Group Ltd. lifted its stake in 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 in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position 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 buying an additional 4,865 shares during the period. 57.12% of the stock is currently owned by institutional investors and hedge funds.

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.