TPG RE Finance Trust (NYSE:TRTX) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of TPG RE Finance Trust (NYSE:TRTX) from a hold rating to a strong sell rating in a report released on Tuesday,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of TPG RE Finance Trust from $10.00 to $10.50 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of TPG RE Finance Trust in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $10.75.

TPG RE Finance Trust Price Performance

Shares of TPG RE Finance Trust stock opened at $9.31 on Tuesday. The stock has a market cap of $728.21 million, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 1.77 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 stock has a 50 day moving average price of $9.02 and a 200-day moving average price of $8.93. TPG RE Finance Trust has a one year low of $6.47 and a one year high of $9.85.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly 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 company had revenue of $37.84 million for the quarter, compared to analysts’ expectations of $27.87 million. TPG RE Finance Trust had a net margin of 20.46% and a return on equity of 6.37%. Equities analysts expect that TPG RE Finance Trust will post 0.99 EPS for the current year.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, December 26th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.3%. TPG RE Finance Trust’s dividend payout ratio (DPR) is 147.69%.

Institutional Investors Weigh In On TPG RE Finance Trust

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