TPG RE Finance Trust (NYSE:TRTX) Price Target Lowered to $9.50 at JPMorgan Chase & Co.

TPG RE Finance Trust (NYSE:TRTX) had its price objective cut by JPMorgan Chase & Co. from $10.50 to $9.50 in a research report report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts also recently weighed in on the stock. Citigroup raised shares of TPG RE Finance Trust from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 12th. Weiss Ratings downgraded shares of TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 9th. Zacks Research downgraded shares of TPG RE Finance Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Citizens Jmp raised shares of TPG RE Finance Trust from a “market perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a research report on Thursday, March 12th. Finally, Wells Fargo & Company dropped their target price on shares of TPG RE Finance Trust from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating, one has given 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 “Moderate Buy” and an average price target of $9.83.

TPG RE Finance Trust Stock Down 0.2%

NYSE TRTX opened at $8.28 on Thursday. The company’s 50 day simple moving average is $8.26 and its 200 day simple moving average is $8.69. The company has a market capitalization of $641.48 million, a P/E ratio of 14.78, a PEG ratio of 1.44 and a beta of 1.50. The company has a debt-to-equity ratio of 3.02, a current ratio of 183.34 and a quick ratio of 183.34. TPG RE Finance Trust has a 12 month low of $6.97 and a 12 month high of $9.85.

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

TPG RE Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, March 27th will be paid a $0.24 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.96 dividend on an annualized basis and a yield of 11.6%. TPG RE Finance Trust’s payout ratio is 171.43%.

Institutional Trading of TPG RE Finance Trust

A number of institutional investors have recently added to or reduced their stakes in TRTX. AQR Capital Management LLC bought a new stake in shares of TPG RE Finance Trust during the 1st quarter worth $127,000. Goldman Sachs Group Inc. boosted its holdings in shares of TPG RE Finance Trust by 5.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,930,865 shares of the company’s stock worth $32,037,000 after buying an additional 192,126 shares during the period. Strs Ohio bought a new stake in shares of TPG RE Finance Trust during the 1st quarter worth $87,000. Rhumbline Advisers boosted its holdings in shares of TPG RE Finance Trust by 27.3% during the 2nd quarter. Rhumbline Advisers now owns 115,146 shares of the company’s stock worth $889,000 after buying an additional 24,691 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of TPG RE Finance Trust by 11.9% during the 2nd quarter. Hsbc Holdings PLC now owns 40,674 shares of the company’s stock worth $312,000 after buying an additional 4,333 shares during the period. 57.12% of the stock is currently owned by institutional investors and hedge funds.

About TPG RE Finance Trust

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.