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

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $10.1667.

TRTX has been the subject of several analyst reports. Wells Fargo & Company reduced their price objective on TPG RE Finance Trust from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Citigroup upgraded TPG RE Finance Trust from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 12th. Weiss Ratings lowered TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. JPMorgan Chase & Co. cut their price target on TPG RE Finance Trust from $11.00 to $10.50 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Finally, Zacks Research downgraded TPG RE Finance Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TRTX. State Board of Administration of Florida Retirement System lifted its position in 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 purchasing an additional 1,118 shares during the period. Van ECK Associates Corp increased 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 period. The Manufacturers Life Insurance Company raised its stake in shares of TPG RE Finance Trust by 14.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,164 shares of the company’s stock worth $187,000 after buying an additional 2,985 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of TPG RE Finance Trust by 86.6% in the 2nd 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. Finally, Royal Bank of Canada lifted its holdings in shares of TPG RE Finance Trust by 3.8% in the 4th quarter. Royal Bank of Canada now owns 90,818 shares of the company’s stock valued at $781,000 after buying an additional 3,311 shares during the period. 57.12% of the stock is currently owned by institutional investors and hedge funds.

TPG RE Finance Trust Trading Up 0.2%

Shares of TPG RE Finance Trust stock opened at $7.87 on Friday. The company has a debt-to-equity ratio of 3.02, a quick ratio of 183.34 and a current ratio of 183.34. The company has a market capitalization of $616.22 million, a P/E ratio of 14.04, a PEG ratio of 1.36 and a beta of 1.50. TPG RE Finance Trust has a 1 year low of $6.47 and a 1 year high of $9.85. The company’s fifty day moving average is $8.45 and its two-hundred day moving average is $8.75.

TPG RE Finance Trust (NYSE:TRTX) last announced its earnings results on Tuesday, February 17th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). TPG RE Finance Trust had a net margin of 18.14% and a return on equity of 6.84%. The business had revenue of $35.04 million during the quarter, compared to analysts’ expectations of $27.15 million. Analysts forecast that TPG RE Finance Trust will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, March 27th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 12.2%. The ex-dividend date is Friday, March 27th. TPG RE Finance Trust’s dividend payout ratio (DPR) is 171.43%.

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.