TPG RE Finance Trust, Inc. (NYSE:TRTX) Given Average Rating of “Moderate Buy” by Analysts

TPG RE Finance Trust, Inc. (NYSE:TRTX) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $9.08.

TRTX has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $9.00 to $9.50 in a research report on Thursday, October 17th. JMP Securities lifted their price target on TPG RE Finance Trust from $9.50 to $10.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 21st.

Institutional Trading of TPG RE Finance Trust

Hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new stake in TPG RE Finance Trust in the second quarter valued at $27,000. McIlrath & Eck LLC bought a new position in TPG RE Finance Trust in the third quarter worth approximately $58,000. Quarry LP grew its stake in TPG RE Finance Trust by 1,731.6% in the second quarter. Quarry LP now owns 7,363 shares of the company’s stock valued at $64,000 after acquiring an additional 6,961 shares during the period. Zacks Investment Management bought a new stake in shares of TPG RE Finance Trust during the third quarter valued at approximately $94,000. Finally, Mackenzie Financial Corp acquired a new position in shares of TPG RE Finance Trust during the second quarter worth approximately $95,000. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Price Performance

Shares of NYSE TRTX opened at $8.88 on Friday. The stock has a market capitalization of $718.64 million, a PE ratio of 12.87, a P/E/G ratio of 0.25 and a beta of 2.18. The business has a fifty day moving average price of $8.63 and a two-hundred day moving average price of $8.68. TPG RE Finance Trust has a fifty-two week low of $5.12 and a fifty-two week high of $9.66. 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 firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, September 27th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.96 dividend on an annualized basis and a yield of 10.81%. TPG RE Finance Trust’s payout ratio is currently 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.