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

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

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

TPG RE Finance Trust Trading Up 0.5 %

Shares of TPG RE Finance Trust stock opened at $8.38 on Friday. TPG RE Finance Trust has a 12-month low of $5.12 and a 12-month 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 current ratio of 152.83, a quick ratio of 152.83 and a debt-to-equity ratio of 2.03. The firm has a market capitalization of $678.18 million, a price-to-earnings ratio of 12.15, a PEG ratio of 0.25 and a beta of 2.17.

TPG RE Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders 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 dividend on an annualized basis and a dividend yield of 11.46%. TPG RE Finance Trust’s payout ratio is currently 139.13%.

Institutional Investors Weigh In On TPG RE Finance Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC increased its stake in shares of TPG RE Finance Trust by 235.3% in the 2nd quarter. Acadian Asset Management LLC now owns 103,693 shares of the company’s stock valued at $894,000 after purchasing an additional 72,766 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of TPG RE Finance Trust in the second quarter valued at approximately $27,000. Renaissance Technologies LLC raised its stake in shares of TPG RE Finance Trust by 252.8% during the 2nd quarter. Renaissance Technologies LLC now owns 123,094 shares of the company’s stock worth $1,064,000 after buying an additional 88,200 shares during the period. Sei Investments Co. lifted its position in shares of TPG RE Finance Trust by 111.4% during the 2nd quarter. Sei Investments Co. now owns 109,999 shares of the company’s stock valued at $950,000 after buying an additional 57,974 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in TPG RE Finance Trust by 43.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 133,308 shares of the company’s stock valued at $1,152,000 after acquiring an additional 40,340 shares during the period. Institutional investors and hedge funds own 57.12% of the company’s stock.

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.