TPG RE Finance Trust (NYSE:TRTX) Price Target Raised to $8.00

TPG RE Finance Trust (NYSE:TRTX) had its target price raised by JPMorgan Chase & Co. from $7.00 to $8.00 in a report released on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

Separately, Wells Fargo & Company decreased their price objective on TPG RE Finance Trust from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday.

TPG RE Finance Trust Trading Up 1.5 %

NYSE:TRTX opened at $7.66 on Thursday. The stock has a market capitalization of $615.75 million, a PE ratio of 10.21, a price-to-earnings-growth ratio of 0.25 and a beta of 1.78. TPG RE Finance Trust has a fifty-two week low of $6.47 and a fifty-two week high of $9.66. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. The business’s 50-day simple moving average is $7.86 and its 200-day simple moving average is $8.39.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. The firm had revenue of $34.74 million for the quarter, compared to the consensus estimate of $27.98 million. Sell-side analysts expect that TPG RE Finance Trust will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 12.53%. TPG RE Finance Trust’s dividend payout ratio is presently 128.00%.

Hedge Funds Weigh In On TPG RE Finance Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arlington Trust Co LLC acquired a new stake in shares of TPG RE Finance Trust during the 1st quarter worth $41,000. New Age Alpha Advisors LLC bought a new position in TPG RE Finance Trust in the 4th quarter valued at about $43,000. McIlrath & Eck LLC bought a new position in TPG RE Finance Trust in the 3rd quarter valued at about $58,000. KLP Kapitalforvaltning AS acquired a new position in shares of TPG RE Finance Trust in the 4th quarter valued at approximately $75,000. Finally, Virtu Financial LLC bought a new stake in shares of TPG RE Finance Trust during the 4th quarter worth approximately $85,000. 57.12% of the stock is owned by institutional investors and hedge funds.

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.