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

TPG RE Finance Trust, Inc. (NYSE:TRTX) has received an average rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $10.25.

A number of analysts have recently weighed in on the company. Zacks Research lowered TPG RE Finance Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Wells Fargo & Company decreased 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 note on Thursday, February 19th. JPMorgan Chase & Co. lowered their price target on shares of TPG RE Finance Trust from $11.00 to $10.50 and set an “overweight” rating for the company in a report on Thursday, February 19th. Finally, Weiss Ratings cut shares of TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 9th.

TPG RE Finance Trust Stock Up 0.2%

TRTX opened at $8.31 on Wednesday. TPG RE Finance Trust has a 12 month low of $6.47 and a 12 month high of $9.85. The company has a current ratio of 183.34, a quick ratio of 183.34 and a debt-to-equity ratio of 3.02. The business’s 50-day moving average price is $8.83 and its 200-day moving average price is $8.93. The company has a market cap of $650.70 million, a P/E ratio of 14.83, a P/E/G ratio of 1.44 and a beta of 1.53.

TPG RE Finance Trust (NYSE:TRTX) last issued 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 company had revenue of $35.04 million for the quarter, compared to analysts’ expectations of $27.15 million. TPG RE Finance Trust had a net margin of 18.14% and a return on equity of 6.84%. On average, equities analysts expect that TPG RE Finance Trust will post 0.99 EPS for the current year.

TPG RE Finance Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, December 26th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date was Friday, December 26th. TPG RE Finance Trust’s dividend payout ratio is currently 171.43%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Kemnay Advisory Services Inc. purchased a new stake in TPG RE Finance Trust in the 4th quarter worth approximately $30,000. Kestra Advisory Services LLC bought a new position in shares of TPG RE Finance Trust during the fourth quarter valued at approximately $30,000. BNP Paribas Financial Markets raised its holdings in shares of TPG RE Finance Trust by 86.6% during the second 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. 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. Finally, Tower Research Capital LLC TRC boosted its holdings in 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 in the last quarter. Hedge funds and other 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.