TPG RE Finance Trust (NYSE:TRTX) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of TPG RE Finance Trust (NYSE:TRTX) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Other analysts also recently issued reports about the company. Citigroup reiterated a “market outperform” rating on shares of TPG RE Finance Trust in a research report on Tuesday, June 9th. Zacks Research upgraded TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. lifted their price target on TPG RE Finance Trust from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of TPG RE Finance Trust in a research note on Friday, May 22nd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $10.00.

TPG RE Finance Trust Price Performance

TRTX stock opened at $8.06 on Friday. The firm has a 50 day moving average of $8.47 and a 200-day moving average of $8.45. TPG RE Finance Trust has a 12-month low of $7.57 and a 12-month high of $9.85. The company has a current ratio of 200.26, a quick ratio of 200.26 and a debt-to-equity ratio of 3.30. The company has a market cap of $618.54 million, a price-to-earnings ratio of 14.92, a PEG ratio of 1.63 and a beta of 1.41.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03). TPG RE Finance Trust had a return on equity of 6.85% and a net margin of 17.03%.The firm had revenue of $34.01 million during the quarter, compared to analyst estimates of $37.30 million. As a group, equities analysts expect that TPG RE Finance Trust will post 0.93 EPS for the current fiscal year.

TPG RE Finance Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, June 26th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 11.9%. The ex-dividend date was Friday, June 26th. TPG RE Finance Trust’s payout ratio is currently 177.78%.

Institutional Investors Weigh In On TPG RE Finance Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kemnay Advisory Services Inc. purchased a new position in TPG RE Finance Trust during the fourth quarter worth $30,000. Kestra Advisory Services LLC purchased a new stake in shares of TPG RE Finance Trust in the fourth quarter valued at $30,000. BNP Paribas Financial Markets lifted its position in shares of TPG RE Finance Trust by 86.6% in 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. boosted its stake in shares of TPG RE Finance Trust by 2,454.1% during the third quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock valued at $51,000 after acquiring an additional 5,718 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of TPG RE Finance Trust by 249.1% during 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 during the last quarter. Hedge funds and other institutional investors own 57.12% of the company’s stock.

About TPG RE Finance Trust

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.