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

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) 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.

Hedge Funds Weigh In On TPG RE Finance Trust

Institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC acquired a new position in shares of TPG RE Finance Trust in the third quarter valued at approximately $1,203,000. Swiss National Bank grew its holdings in TPG RE Finance Trust by 9.2% in the third quarter. Swiss National Bank now owns 127,600 shares of the company’s stock valued at $859,000 after purchasing an additional 10,700 shares during the period. Hsbc Holdings PLC grew its holdings in TPG RE Finance Trust by 48.0% in the third quarter. Hsbc Holdings PLC now owns 42,399 shares of the company’s stock valued at $284,000 after purchasing an additional 13,745 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in TPG RE Finance Trust by 3,051.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 935,165 shares of the company’s stock valued at $6,294,000 after purchasing an additional 905,492 shares during the period. Finally, Vanguard Group Inc. grew its holdings in TPG RE Finance Trust by 0.9% in the third quarter. Vanguard Group Inc. now owns 5,985,415 shares of the company’s stock valued at $40,282,000 after purchasing an additional 51,839 shares during the period. Institutional investors and hedge funds own 57.12% of the company’s stock.

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.