Brokerages Set TPG RE Finance Trust, Inc. (NYSE:TRTX) Target Price at $9.08

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $9.08.

TRTX has been the topic of several recent analyst reports. JMP Securities upped their target price on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. upgraded TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $9.00 to $9.50 in a report on Thursday, October 17th. Finally, BTIG Research reaffirmed a “buy” rating and set a $11.00 price objective on shares of TPG RE Finance Trust in a report on Friday, July 19th.

Institutional Trading of TPG RE Finance Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its position in shares of TPG RE Finance Trust by 4.7% in the first quarter. BNP Paribas Financial Markets now owns 56,807 shares of the company’s stock valued at $439,000 after purchasing an additional 2,552 shares during the period. GSA Capital Partners LLP acquired a new position in shares of TPG RE Finance Trust during the 1st quarter valued at about $506,000. Nokomis Capital L.L.C. purchased a new position in shares of TPG RE Finance Trust during the 1st quarter worth about $1,437,000. Quadrature Capital Ltd acquired a new stake in shares of TPG RE Finance Trust in the first quarter worth approximately $184,000. Finally, Long Pond Capital LP acquired a new stake in shares of TPG RE Finance Trust in the first quarter worth approximately $16,638,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

TPG RE Finance Trust Price Performance

Shares of NYSE:TRTX opened at $8.81 on Tuesday. TPG RE Finance Trust has a 52 week low of $4.64 and a 52 week high of $9.66. The company has a 50-day moving average price of $8.64 and a 200 day moving average price of $8.55. The company has a market cap of $712.58 million, a P/E ratio of -5.61, a PEG ratio of 0.24 and a beta of 2.19. The company has a quick ratio of 154.59, a current ratio of 154.59 and a debt-to-equity ratio of 2.13.

TPG RE Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, September 27th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 10.90%. The ex-dividend date was Friday, September 27th. TPG RE Finance Trust’s payout ratio is -61.15%.

About TPG RE Finance Trust

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.