TPG RE Finance Trust (NYSE:TRTX) Hits New 52-Week Low – Here’s Why

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) reached a new 52-week low during trading on Friday . The stock traded as low as $7.25 and last traded at $7.2470, with a volume of 91301 shares changing hands. The stock had previously closed at $7.29.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TRTX. JPMorgan Chase & Co. lifted their price objective on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Wall Street Zen raised shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings downgraded shares of TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, September 1st. UBS Group lowered shares of TPG RE Finance Trust to a “neutral” rating in a report on Thursday. Finally, Citigroup reaffirmed a “market outperform” rating on shares of TPG RE Finance Trust in a research report on Thursday. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.00.

TPG RE Finance Trust Stock Performance

The company has a quick ratio of 200.26, a current ratio of 200.26 and a debt-to-equity ratio of 3.30. The company has a market capitalization of $555.42 million, a PE ratio of 13.40, a PEG ratio of 1.61 and a beta of 1.42. The business has a 50 day simple moving average of $8.02 and a 200 day simple moving average of $8.19.

TPG RE Finance Trust (NYSE:TRTX) last issued 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 business had revenue of $34.01 million for the quarter, compared to analysts’ expectations of $37.30 million. Equities research analysts predict that TPG RE Finance Trust, Inc. will post 0.92 EPS for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Monday, September 28th will be paid a $0.24 dividend. The ex-dividend date is Monday, September 28th. This represents a $0.96 dividend on an annualized basis and a yield of 13.3%. TPG RE Finance Trust’s dividend payout ratio (DPR) is 177.78%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TRTX. BlackRock Inc. acquired a new position in TPG RE Finance Trust during the second quarter valued at $54,386,000. Almitas Capital LLC purchased a new stake in TPG RE Finance Trust in the second quarter valued at $3,036,000. Arrowstreet Capital Limited Partnership grew its position in TPG RE Finance Trust by 60.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 929,566 shares of the company’s stock worth $7,260,000 after purchasing an additional 350,020 shares during the period. Bank of America Corp DE acquired a new stake in TPG RE Finance Trust during the 2nd quarter worth about $2,265,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of TPG RE Finance Trust during the 2nd quarter valued at about $1,768,000. Institutional investors and hedge funds own 57.12% of the company’s stock.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc is a real estate investment trust that originates, acquires and manages commercial real estate loans. The company primarily focuses on senior mortgage loans secured by institutional-quality properties in major U.S. markets.

Its portfolio may include loans backed by a range of commercial property types, such as multifamily, office, hospitality, industrial, retail and other commercial assets. TPG RE Finance Trust generally seeks to provide financing to owners and operators of income-producing real estate while managing credit, interest-rate and other investment risks.

The company was established in 2014 and is externally managed by TPG RE Finance Trust Management, LLC, an affiliate of global alternative asset manager TPG Inc Through its relationship with TPG, the company benefits from access to real estate investment and lending expertise.