TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives $9.83 Consensus Price Target from Analysts

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have received an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $10.00.

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on TPG RE Finance Trust from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Friday. Zacks Research raised TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings restated a “hold (c)” rating on shares of TPG RE Finance Trust in a report on Friday, May 22nd. Finally, Citigroup reiterated a “market outperform” rating on shares of TPG RE Finance Trust in a report on Tuesday, June 9th.

Hedge Funds Weigh In On TPG RE Finance Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRTX. Kemnay Advisory Services Inc. bought a new stake in TPG RE Finance Trust during the 4th quarter worth about $30,000. Kestra Advisory Services LLC acquired a new position in shares of TPG RE Finance Trust during the 4th quarter worth about $30,000. BNP Paribas Financial Markets grew 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 acquiring an additional 3,013 shares in the last quarter. Russell Investments Group Ltd. grew its holdings 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 valued at $51,000 after acquiring an additional 5,718 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of TPG RE Finance Trust by 249.1% in 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 during the last quarter. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Price Performance

TRTX opened at $8.76 on Tuesday. The company has a quick ratio of 201.40, a current ratio of 201.40 and a debt-to-equity ratio of 3.11. TPG RE Finance Trust has a 12 month low of $7.57 and a 12 month high of $9.85. The company has a fifty day simple moving average of $8.43 and a 200 day simple moving average of $8.49. The stock has a market cap of $676.83 million, a P/E ratio of 13.90, a P/E/G ratio of 1.79 and a beta of 1.40.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. TPG RE Finance Trust had a return on equity of 6.91% and a net margin of 19.38%.The business had revenue of $37.31 million for the quarter, compared to the consensus estimate of $37.15 million. On average, research analysts expect that TPG RE Finance Trust will post 0.93 EPS for the current year.

TPG RE Finance Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, June 26th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date is Friday, June 26th. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 152.38%.

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.