TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTXGet Free Report) have been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $9.08.

A number of research analysts recently issued reports on the stock. BTIG Research reiterated a “buy” rating and set a $11.00 target price on shares of TPG RE Finance Trust in a research report on Friday, July 19th. 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. Finally, JMP Securities upped their price objective on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 21st.

Check Out Our Latest Stock Report on TPG RE Finance Trust

Hedge Funds Weigh In On TPG RE Finance Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRTX. Meeder Asset Management Inc. purchased a new stake in shares of TPG RE Finance Trust in the second quarter worth about $27,000. Quarry LP lifted its holdings in shares of TPG RE Finance Trust by 1,731.6% in the second quarter. Quarry LP now owns 7,363 shares of the company’s stock worth $64,000 after buying an additional 6,961 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of TPG RE Finance Trust in the second quarter worth about $95,000. Bailard Inc. purchased a new stake in shares of TPG RE Finance Trust in the second quarter worth about $102,000. Finally, Caxton Associates LP purchased a new stake in shares of TPG RE Finance Trust in the second quarter worth about $106,000. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Up 0.2 %

Shares of NYSE TRTX opened at $8.39 on Tuesday. The company has a market capitalization of $679.00 million, a P/E ratio of -22.68, a price-to-earnings-growth ratio of 0.24 and a beta of 2.19. TPG RE Finance Trust has a 52-week low of $4.64 and a 52-week high of $9.66. The company has a debt-to-equity ratio of 2.13, a quick ratio of 154.59 and a current ratio of 154.59. The company’s 50 day moving average price is $8.64 and its 200-day moving average price is $8.54.

TPG RE Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, September 27th were given 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 11.44%. TPG RE Finance Trust’s dividend payout ratio is presently -259.46%.

TPG RE Finance Trust Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for TPG RE Finance Trust (NYSE:TRTX)

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