TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives $9.08 Consensus Target Price from Brokerages

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $9.08.

A number of research analysts have weighed in on TRTX shares. BTIG Research reissued a “buy” rating and set a $11.00 price target on shares of TPG RE Finance Trust in a research note on Friday, July 19th. JMP Securities increased their target price on TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. raised TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $9.00 to $9.50 in a research report on Thursday, October 17th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TRTX. Renaissance Technologies LLC increased its stake in TPG RE Finance Trust by 252.8% in the second quarter. Renaissance Technologies LLC now owns 123,094 shares of the company’s stock valued at $1,064,000 after acquiring an additional 88,200 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of TPG RE Finance Trust by 4.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 75,376 shares of the company’s stock worth $582,000 after purchasing an additional 3,217 shares in the last quarter. Millennium Management LLC increased its holdings in TPG RE Finance Trust by 30.3% during the 2nd quarter. Millennium Management LLC now owns 1,174,646 shares of the company’s stock worth $10,149,000 after purchasing an additional 273,086 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of TPG RE Finance Trust during the first quarter valued at about $506,000. Finally, Los Angeles Capital Management LLC raised its stake in shares of TPG RE Finance Trust by 14.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 141,674 shares of the company’s stock worth $1,224,000 after purchasing an additional 18,337 shares during the period. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Stock Up 0.5 %

TPG RE Finance Trust stock opened at $8.80 on Tuesday. The company has a debt-to-equity ratio of 2.03, a current ratio of 152.83 and a quick ratio of 152.83. The company has a market cap of $712.18 million, a PE ratio of 12.75, a price-to-earnings-growth ratio of 0.25 and a beta of 2.18. TPG RE Finance Trust has a 1-year low of $5.12 and a 1-year high of $9.66. The stock’s 50 day moving average price is $8.64 and its 200 day moving average price is $8.58.

TPG RE Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, September 27th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.91%. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 139.13%.

TPG RE Finance Trust Company Profile

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; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.