TPG RE Finance Trust, Inc. (TRTX) – What Are Brokerages Thinking About This Stock?

TPG RE Finance Trust, Inc. (NYSE:TRTX) has been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $10.00.

Several research analysts have recently weighed in on the stock. Wall Street Zen raised shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Saturday, October 17th. JPMorgan Chase & Co. increased their price objective on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Weiss Ratings cut shares of TPG RE Finance Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 16th. Citigroup reaffirmed a “market outperform” rating on shares of TPG RE Finance Trust in a research report on Thursday, September 17th. Finally, UBS Group downgraded shares of TPG RE Finance Trust to a “neutral” rating in a research report on Thursday, September 17th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of TPG RE Finance Trust in the second quarter worth approximately $54,386,000. Almitas Capital LLC purchased a new stake in shares of TPG RE Finance Trust in the second quarter worth $3,036,000. Arrowstreet Capital Limited Partnership increased its stake in shares of TPG RE Finance Trust by 60.4% in the first 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 in the last quarter. Bank of America Corp DE bought a new stake in shares of TPG RE Finance Trust during the 2nd quarter valued at $2,265,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of TPG RE Finance Trust during the 2nd quarter valued at $1,768,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

TPG RE Finance Trust Price Performance

TRTX opened at $5.84 on Thursday. The firm has a market cap of $448.72 million, a PE ratio of 10.82, a P/E/G ratio of 1.29 and a beta of 1.47. The stock has a 50-day moving average price of $7.00 and a 200-day moving average price of $7.88. TPG RE Finance Trust has a 1 year low of $5.60 and a 1 year high of $9.37. The company has a debt-to-equity ratio of 3.30, a current ratio of 200.26 and a quick ratio of 200.26.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03). The firm had revenue of $34.01 million for the quarter, compared to analysts’ expectations of $37.30 million. TPG RE Finance Trust had a net margin of 17.03% and a return on equity of 6.85%. Sell-side analysts predict that TPG RE Finance Trust will post 0.92 earnings per share for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Monday, September 28th will be given a $0.24 dividend. The ex-dividend date is Monday, September 28th. This represents a $0.96 annualized dividend and a yield of 16.4%. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 177.78%.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc (NYSE: TRTX) is a real estate finance company organized as a mortgage real estate investment trust. The company focuses on originating, acquiring and managing commercial real estate loans, with an emphasis on senior mortgage loans secured by institutional-quality properties.

Its lending activities primarily support transitional commercial properties, which are assets undergoing renovation, repositioning, lease-up or other improvements intended to enhance their value and cash flow.