TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives $9.08 Average PT from Brokerages

TPG RE Finance Trust, Inc. (NYSE:TRTX) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $9.08.

TRTX has been the subject of several analyst reports. JMP Securities raised their price target on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the company a “market outperform” rating in a report on Wednesday, August 21st. JPMorgan Chase & Co. raised TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $9.00 to $9.50 in a research note on Thursday, October 17th.

TPG RE Finance Trust Price Performance

TRTX stock opened at $9.20 on Friday. The firm has a 50 day moving average of $8.64 and a 200-day moving average of $8.68. The firm has a market capitalization of $744.54 million, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 0.25 and a beta of 2.18. TPG RE Finance Trust has a 12 month low of $5.12 and a 12 month high of $9.66. The company has a current ratio of 152.83, a quick ratio of 152.83 and a debt-to-equity ratio of 2.03.

TPG RE Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, September 27th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.43%. The ex-dividend date of this dividend was Friday, September 27th. TPG RE Finance Trust’s dividend payout ratio is currently 139.13%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TRTX. Quadrature Capital Ltd bought a new stake in TPG RE Finance Trust during the first quarter worth about $184,000. Price T Rowe Associates Inc. MD raised its holdings in shares of TPG RE Finance Trust by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 75,376 shares of the company’s stock valued at $582,000 after buying an additional 3,217 shares in the last quarter. TCW Group Inc. lifted its position in TPG RE Finance Trust by 4.8% in the 2nd quarter. TCW Group Inc. now owns 103,274 shares of the company’s stock worth $892,000 after buying an additional 4,770 shares during the last quarter. Bailard Inc. purchased a new stake in TPG RE Finance Trust in the second quarter worth approximately $102,000. Finally, Los Angeles Capital Management LLC grew its position in TPG RE Finance Trust by 14.9% during the second quarter. Los Angeles Capital Management LLC now owns 141,674 shares of the company’s stock valued at $1,224,000 after acquiring an additional 18,337 shares during the last quarter. Institutional investors own 57.12% of the company’s stock.

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.