Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $7.70.
A number of equities analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of TPG RE Finance Trust from $6.00 to $7.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. JPMorgan Chase & Co. lifted their target price on shares of TPG RE Finance Trust from $7.00 to $7.50 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Bank of America reissued an “underperform” rating and issued a $6.50 price objective on shares of TPG RE Finance Trust in a research report on Monday, March 4th.
Check Out Our Latest Stock Report on TRTX
Hedge Funds Weigh In On TPG RE Finance Trust
TPG RE Finance Trust Stock Performance
Shares of TRTX opened at $7.58 on Friday. The company has a current ratio of 158.41, a quick ratio of 158.41 and a debt-to-equity ratio of 2.46. The stock has a market cap of $590.25 million, a P/E ratio of -4.49 and a beta of 2.10. The company has a 50-day moving average of $6.98 and a two-hundred day moving average of $6.45. TPG RE Finance Trust has a 12-month low of $4.64 and a 12-month high of $8.12.
TPG RE Finance Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, March 28th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.66%. The ex-dividend date is Wednesday, March 27th. TPG RE Finance Trust’s dividend payout ratio is presently -56.80%.
About TPG RE Finance Trust
TPG RE Finance Trust, Inc, a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.
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