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

TPG RE Finance Trust, Inc. (NYSE:TRTX) has earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $10.75.

A number of research firms recently commented on TRTX. JPMorgan Chase & Co. lifted their price objective on TPG RE Finance Trust from $10.00 to $10.50 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TPG RE Finance Trust in a research note on Tuesday, November 25th. Citigroup downgraded shares of TPG RE Finance Trust to a “market perform” rating in a research note on Wednesday, September 17th. Citizens Jmp lowered shares of TPG RE Finance Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 17th. Finally, Zacks Research upgraded TPG RE Finance Trust from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th.

Hedge Funds Weigh In On TPG RE Finance Trust

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in TPG RE Finance Trust by 1.7% during the first quarter. Vanguard Group Inc. now owns 5,025,832 shares of the company’s stock worth $40,961,000 after acquiring an additional 86,212 shares in the last quarter. Condor Capital Management raised its holdings in shares of TPG RE Finance Trust by 33.7% during the second quarter. Condor Capital Management now owns 620,539 shares of the company’s stock valued at $4,791,000 after purchasing an additional 156,309 shares during the period. Bracebridge Capital LLC bought a new position in shares of TPG RE Finance Trust during the 1st quarter worth about $1,166,000. Caxton Associates LLP bought a new position in shares of TPG RE Finance Trust during the 1st quarter worth about $706,000. Finally, Nuveen LLC acquired a new stake in shares of TPG RE Finance Trust in the 1st quarter valued at about $1,321,000. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Stock Performance

NYSE TRTX opened at $9.09 on Monday. The company has a market capitalization of $711.38 million, a price-to-earnings ratio of 13.98, a PEG ratio of 2.08 and a beta of 1.54. The company has a quick ratio of 166.64, a current ratio of 166.64 and a debt-to-equity ratio of 2.61. TPG RE Finance Trust has a twelve month low of $6.47 and a twelve month high of $9.85. The stock has a fifty day simple moving average of $8.81 and a 200 day simple moving average of $8.58.

TPG RE Finance Trust (NYSE:TRTX) last announced its earnings results on Monday, June 6th. The company reported $0.27 EPS for the quarter. TPG RE Finance Trust had a return on equity of 6.37% and a net margin of 20.46%.The firm had revenue of $40.06 million for the quarter. Sell-side analysts expect that TPG RE Finance Trust will post 0.99 EPS for the current year.

TPG RE Finance Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, September 26th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.96 annualized dividend and a yield of 10.6%. TPG RE Finance Trust’s dividend payout ratio (DPR) is currently 147.69%.

TPG RE Finance Trust announced that its board 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 reacquire up to 3.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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.