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

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have earned an average recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $10.75.

Several analysts have recently weighed in on the stock. Zacks Research downgraded shares of TPG RE Finance Trust from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TPG RE Finance Trust in a research note on Monday, December 29th. JPMorgan Chase & Co. boosted their price target on shares of TPG RE Finance Trust from $10.00 to $10.50 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen raised TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Saturday, October 18th.

Institutional Investors Weigh In On TPG RE Finance Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System boosted its holdings in shares of TPG RE Finance Trust by 1.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 65,791 shares of the company’s stock valued at $508,000 after acquiring an additional 1,118 shares during the period. ProShare Advisors LLC raised its position in TPG RE Finance Trust by 8.9% in the 2nd quarter. ProShare Advisors LLC now owns 14,055 shares of the company’s stock valued at $109,000 after purchasing an additional 1,144 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in TPG RE Finance Trust by 24.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,998 shares of the company’s stock worth $54,000 after purchasing an additional 1,375 shares during the period. Van ECK Associates Corp grew its position in TPG RE Finance Trust by 0.5% during the 3rd quarter. Van ECK Associates Corp now owns 530,776 shares of the company’s stock worth $4,543,000 after purchasing an additional 2,379 shares during the last quarter. Finally, CWM LLC increased its stake in TPG RE Finance Trust by 473.7% in the second quarter. CWM LLC now owns 3,517 shares of the company’s stock valued at $27,000 after purchasing an additional 2,904 shares during the period. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Trading Up 0.8%

TRTX opened at $9.22 on Tuesday. TPG RE Finance Trust has a one year low of $6.47 and a one year high of $9.85. The company has a market cap of $721.56 million, a P/E ratio of 14.18, a PEG ratio of 1.76 and a beta of 1.54. The company has a debt-to-equity ratio of 2.61, a quick ratio of 166.64 and a current ratio of 166.64. The business’s 50-day simple moving average is $8.99 and its 200-day simple moving average is $8.88.

TPG RE Finance Trust (NYSE:TRTX) last posted its earnings results on Tuesday, October 28th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). The business had revenue of $37.84 million for the quarter, compared to analysts’ expectations of $27.87 million. TPG RE Finance Trust had a return on equity of 6.37% and a net margin of 20.46%. As a group, equities research analysts expect that TPG RE Finance Trust will post 0.99 EPS for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, December 26th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 10.4%. The ex-dividend date is Friday, December 26th. TPG RE Finance Trust’s dividend payout ratio (DPR) is currently 147.69%.

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.