TPG RE Finance Trust, Inc. (NYSE:TRTX) Stock Has Consensus Price Target of $10.00

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have been given an average rating of “Moderate Buy” by the seven research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $10.00.

TRTX has been the subject of several recent research reports. UBS Group downgraded TPG RE Finance Trust to a “neutral” rating in a research report on Thursday, September 17th. Weiss Ratings cut shares of TPG RE Finance Trust from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 18th. JPMorgan Chase & Co. raised their price target on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Wall Street Zen cut shares of TPG RE Finance Trust from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Thursday, September 17th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp purchased a new stake in TPG RE Finance Trust in the second quarter worth approximately $1,768,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of TPG RE Finance Trust by 60.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 929,566 shares of the company’s stock worth $7,260,000 after buying an additional 350,020 shares during the last quarter. Almitas Capital LLC purchased a new position in shares of TPG RE Finance Trust in the 2nd quarter worth $3,036,000. BlackRock Inc. purchased a new stake in TPG RE Finance Trust during the second quarter valued at $54,386,000. Finally, Bank of America Corp DE purchased a new stake in TPG RE Finance Trust during the second quarter valued at $2,265,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

TPG RE Finance Trust Price Performance

NYSE:TRTX opened at $6.14 on Friday. The firm has a market capitalization of $471.75 million, a price-to-earnings ratio of 11.38, a P/E/G ratio of 1.35 and a beta of 1.47. TPG RE Finance Trust has a 52-week low of $6.07 and a 52-week high of $9.37. The stock has a fifty day moving average of $7.59 and a 200 day moving average of $8.06. The company has a debt-to-equity ratio of 3.30, a quick ratio of 200.26 and a current ratio of 200.26.

TPG RE Finance Trust (NYSE:TRTX) last announced its earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.03). The company had revenue of $34.01 million for the quarter, compared to the consensus estimate of $37.30 million. TPG RE Finance Trust had a net margin of 17.03% and a return on equity of 6.85%. On average, research analysts expect that TPG RE Finance Trust will post 0.92 EPS for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The business also recently declared 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. This represents a $0.96 dividend on an annualized basis and a yield of 15.6%. The ex-dividend date of this dividend is Monday, September 28th. TPG RE Finance Trust’s dividend payout ratio 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.