Shares of TPG RE Finance Trust Inc (NYSE:TRTX) have received an average rating of “Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $21.63.
Several research analysts have recently commented on TRTX shares. Zacks Investment Research upgraded TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Tuesday, July 17th. BTIG Research initiated coverage on shares of TPG RE Finance Trust in a report on Tuesday. They issued a “buy” rating and a $21.50 price objective on the stock.
Shares of NYSE TRTX traded up $0.03 during trading on Tuesday, hitting $19.93. 3,022 shares of the company were exchanged, compared to its average volume of 240,709. TPG RE Finance Trust has a 12-month low of $18.22 and a 12-month high of $21.05. The company has a quick ratio of 18.34, a current ratio of 18.34 and a debt-to-equity ratio of 2.25. The firm has a market cap of $1.32 billion, a PE ratio of 11.45, a P/E/G ratio of 2.28 and a beta of -0.44.
TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings results on Monday, August 6th. The company reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. TPG RE Finance Trust had a return on equity of 8.10% and a net margin of 43.06%. The business had revenue of $35.05 million for the quarter, compared to analyst estimates of $34.64 million. The company’s quarterly revenue was up 8.3% on a year-over-year basis. Research analysts expect that TPG RE Finance Trust will post 1.76 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 25th. Investors of record on Friday, September 28th will be issued a $0.43 dividend. The ex-dividend date is Thursday, September 27th. This represents a $1.72 annualized dividend and a yield of 8.63%. TPG RE Finance Trust’s dividend payout ratio (DPR) is currently 98.85%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Timbercreek Investment Management Inc. raised its holdings in TPG RE Finance Trust by 4.1% in the 3rd quarter. Timbercreek Investment Management Inc. now owns 426,723 shares of the company’s stock valued at $8,543,000 after buying an additional 16,700 shares during the period. Northern Trust Corp raised its holdings in TPG RE Finance Trust by 51.2% in the 2nd quarter. Northern Trust Corp now owns 311,353 shares of the company’s stock valued at $6,327,000 after buying an additional 105,439 shares during the period. Bank of New York Mellon Corp raised its holdings in TPG RE Finance Trust by 50.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 118,910 shares of the company’s stock valued at $2,417,000 after buying an additional 40,076 shares during the period. Bank of America Corp DE raised its holdings in TPG RE Finance Trust by 284.3% in the 2nd quarter. Bank of America Corp DE now owns 146,237 shares of the company’s stock valued at $2,972,000 after buying an additional 108,182 shares during the period. Finally, First Republic Investment Management Inc. grew its position in TPG RE Finance Trust by 74.0% in the 2nd quarter. First Republic Investment Management Inc. now owns 116,294 shares of the company’s stock valued at $2,363,000 after acquiring an additional 49,452 shares in the last quarter. Hedge funds and other institutional investors own 36.87% of the company’s stock.
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; and subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments secured by properties primarily in the office, mixed use, multifamily, industrial, retail, and hospitality real estate sectors.
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