TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives Average Recommendation of “Hold” from Brokerages

TPG RE Finance Trust, Inc. (NYSE:TRTX) has earned an average recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $10.75.

TRTX has been the topic of a number of analyst reports. Weiss Ratings cut shares of TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. JPMorgan Chase & Co. lifted 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. Zacks Research cut shares of TPG RE Finance Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Finally, Wall Street Zen raised shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th.

TPG RE Finance Trust Price Performance

Shares of NYSE TRTX opened at $8.85 on Friday. TPG RE Finance Trust has a 1 year low of $6.47 and a 1 year high of $9.85. The stock has a market capitalization of $692.21 million, a P/E ratio of 13.61, a P/E/G ratio of 1.69 and a beta of 1.53. The company’s 50-day moving average is $9.01 and its 200 day moving average is $8.98. The company has a debt-to-equity ratio of 2.61, a current ratio of 166.64 and a quick ratio of 166.64.

TPG RE Finance Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, December 26th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend was Friday, December 26th. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 147.69%.

Hedge Funds Weigh In On TPG RE Finance Trust

Institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new position in shares of TPG RE Finance Trust in the fourth quarter worth about $30,000. CWM LLC lifted its holdings in TPG RE Finance Trust by 473.7% in the 2nd quarter. CWM LLC now owns 3,517 shares of the company’s stock worth $27,000 after purchasing an additional 2,904 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in 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 worth $51,000 after purchasing an additional 5,718 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in 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 worth $50,000 after purchasing an additional 3,013 shares during the period. Finally, 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 valued at $53,000 after buying an additional 4,865 shares in the last quarter. Institutional investors own 57.12% of the company’s stock.

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.