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

TPG RE Finance Trust, Inc. (NYSE:TRTX) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are 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 12-month price objective among brokers that have updated their coverage on the stock in the last year is $10.75.

Several analysts have issued reports on the stock. Citizens Jmp lowered shares of TPG RE Finance Trust from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 17th. JPMorgan Chase & Co. increased their target price on TPG RE Finance Trust from $10.00 to $10.50 and gave the company an “overweight” rating in a report on Thursday, October 30th. JMP Securities restated a “market perform” rating on shares of TPG RE Finance Trust in a research report on Wednesday, September 17th. Weiss Ratings restated a “buy (b-)” rating on shares of TPG RE Finance Trust in a research report on Monday. Finally, Citigroup downgraded TPG RE Finance Trust to a “market perform” rating in a research report on Wednesday, September 17th.

TPG RE Finance Trust Stock Performance

NYSE:TRTX opened at $9.10 on Friday. The company has a market capitalization of $712.17 million, a price-to-earnings ratio of 14.00, a PEG ratio of 2.15 and a beta of 1.54. The business has a 50 day moving average of $8.96 and a 200 day moving average of $8.75. The company has a debt-to-equity ratio of 2.61, a current ratio of 166.64 and a quick ratio of 166.64. TPG RE Finance Trust has a 1-year low of $6.47 and a 1-year high of $9.85.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings data on Monday, June 6th. The company reported $0.27 earnings per share for the quarter. TPG RE Finance Trust had a net margin of 20.46% and a return on equity of 6.37%. The firm had revenue of $40.06 million during the quarter. On average, sell-side analysts predict that TPG RE Finance Trust will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, December 26th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $0.96 annualized dividend and a yield of 10.5%. TPG RE Finance Trust’s dividend payout ratio is presently 147.69%.

TPG RE Finance Trust announced that its Board of Directors has initiated a share repurchase program on Thursday, September 4th that permits the company to repurchase $25.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 3.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On TPG RE Finance Trust

Several hedge funds and other institutional investors have recently modified their holdings of TRTX. CWM LLC grew its stake in shares of TPG RE Finance Trust by 473.7% in the second quarter. CWM LLC now owns 3,517 shares of the company’s stock worth $27,000 after purchasing an additional 2,904 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of TPG RE Finance Trust by 2,454.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock worth $51,000 after buying an additional 5,718 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of TPG RE Finance Trust by 86.6% during the second quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock valued at $50,000 after buying an additional 3,013 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of TPG RE Finance Trust by 249.1% during the second quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock valued at $53,000 after acquiring an additional 4,865 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of 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 valued at $54,000 after acquiring an additional 1,375 shares in the last quarter. 57.12% of the stock is owned by institutional investors.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.