Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX – Get 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
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
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.
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