Analysts Set TPG RE Finance Trust, Inc. (NYSE:TRTX) PT at $9.08

TPG RE Finance Trust, Inc. (NYSE:TRTX) has been given an average rating of “Moderate Buy” by the six analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $9.08.

Separately, JPMorgan Chase & Co. upgraded shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $9.00 to $9.50 in a research note on Thursday, October 17th.

Institutional Trading of TPG RE Finance Trust

Several hedge funds have recently bought and sold shares of the stock. Two Sigma Advisers LP lifted its position in shares of TPG RE Finance Trust by 162.0% in the third quarter. Two Sigma Advisers LP now owns 1,282,500 shares of the company’s stock worth $10,940,000 after buying an additional 793,000 shares in the last quarter. Long Pond Capital LP increased its stake in TPG RE Finance Trust by 32.4% in the 2nd quarter. Long Pond Capital LP now owns 2,852,894 shares of the company’s stock worth $24,649,000 after acquiring an additional 697,736 shares during the last quarter. Millennium Management LLC raised its holdings in shares of TPG RE Finance Trust by 30.3% during the 2nd quarter. Millennium Management LLC now owns 1,174,646 shares of the company’s stock worth $10,149,000 after acquiring an additional 273,086 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of TPG RE Finance Trust during the 3rd quarter valued at approximately $2,328,000. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of TPG RE Finance Trust in the third quarter valued at $2,318,000. 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 $8.77 on Wednesday. The company has a market capitalization of $709.74 million, a P/E ratio of 12.71, a P/E/G ratio of 0.25 and a beta of 2.17. TPG RE Finance Trust has a 1-year low of $5.12 and a 1-year high of $9.66. The firm’s 50 day simple moving average is $8.80 and its two-hundred day simple moving average is $8.73. The company has a debt-to-equity ratio of 2.03, a current ratio of 152.83 and a quick ratio of 152.83.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, December 27th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, December 27th. This represents a $0.96 annualized dividend and a yield of 10.95%. TPG RE Finance Trust’s payout ratio is 139.13%.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc, a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.