TPG RE Finance Trust’s (TRTX) Market Perform Rating Reaffirmed at JMP Securities

JMP Securities reissued their market perform rating on shares of TPG RE Finance Trust (NYSE:TRTX) in a research report report published on Wednesday morning,Benzinga reports.

A number of other equities analysts also recently commented on the stock. Zacks Research upgraded shares of TPG RE Finance Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Citizens Jmp lowered shares of TPG RE Finance Trust from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Wall Street Zen upgraded shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Wells Fargo & Company upped their target price on shares of TPG RE Finance Trust from $9.00 to $11.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.50.

TPG RE Finance Trust Stock Performance

Shares of TRTX stock opened at $9.27 on Wednesday. The business has a fifty day moving average of $8.91 and a 200 day moving average of $8.20. The firm has a market capitalization of $728.53 million, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 2.49 and a beta of 1.68. The company has a debt-to-equity ratio of 2.75, a current ratio of 193.29 and a quick ratio of 193.29. TPG RE Finance Trust has a 1 year low of $6.47 and a 1 year high of $9.85.

TPG RE Finance Trust announced that its Board of Directors has approved a stock repurchase program on Thursday, September 4th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the company to buy up to 3.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

TPG RE Finance Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, September 26th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 10.4%. The ex-dividend date is Friday, September 26th. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 147.69%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System increased its holdings in TPG RE Finance Trust by 1.7% during the second quarter. State Board of Administration of Florida Retirement System now owns 65,791 shares of the company’s stock worth $508,000 after buying an additional 1,118 shares during the last quarter. ProShare Advisors LLC increased its holdings in TPG RE Finance Trust by 8.9% during the second quarter. ProShare Advisors LLC now owns 14,055 shares of the company’s stock worth $109,000 after buying an additional 1,144 shares during the last quarter. State of Wyoming increased its holdings in TPG RE Finance Trust by 2.9% during the fourth quarter. State of Wyoming now owns 48,955 shares of the company’s stock worth $416,000 after buying an additional 1,374 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in TPG RE Finance Trust by 24.5% during the second quarter. Ameritas Investment Partners Inc. now owns 6,998 shares of the company’s stock worth $54,000 after buying an additional 1,375 shares during the last quarter. Finally, New Age Alpha Advisors LLC increased its holdings in TPG RE Finance Trust by 38.8% during the first quarter. New Age Alpha Advisors LLC now owns 7,009 shares of the company’s stock worth $57,000 after buying an additional 1,959 shares during the last quarter. Institutional investors own 57.12% of the company’s stock.

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.