Brokerages Set TPG RE Finance Trust, Inc. (NYSE:TRTX) Target Price at $9.08

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have been given an average rating of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $9.08.

Separately, JPMorgan Chase & Co. raised TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and increased their price target for the company from $9.00 to $9.50 in a research note on Thursday, October 17th.

TPG RE Finance Trust Trading Up 1.5 %

Shares of NYSE TRTX opened at $8.77 on Wednesday. TPG RE Finance Trust has a fifty-two week low of $5.12 and a fifty-two week high of $9.66. The firm has a market capitalization of $709.74 million, a P/E ratio of 12.71, a P/E/G ratio of 0.25 and a beta of 2.17. 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’s 50 day simple moving average is $8.83 and its 200 day simple moving average is $8.73.

TPG RE Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, December 27th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.96 annualized dividend and a dividend yield of 10.95%. TPG RE Finance Trust’s dividend payout ratio (DPR) is currently 139.13%.

Hedge Funds Weigh In On TPG RE Finance Trust

Several institutional investors have recently modified their holdings of the business. Long Pond Capital LP boosted its holdings in shares of TPG RE Finance Trust by 32.4% in the second quarter. Long Pond Capital LP now owns 2,852,894 shares of the company’s stock valued at $24,649,000 after buying an additional 697,736 shares during the period. Citigroup Inc. lifted its position in TPG RE Finance Trust by 1.3% in the 3rd quarter. Citigroup Inc. now owns 1,901,741 shares of the company’s stock valued at $16,222,000 after acquiring an additional 25,115 shares in the last quarter. Geode Capital Management LLC boosted its stake in TPG RE Finance Trust by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,456,883 shares of the company’s stock worth $12,430,000 after purchasing an additional 88,592 shares during the period. Two Sigma Advisers LP increased its holdings in TPG RE Finance Trust by 162.0% during the 3rd quarter. Two Sigma Advisers LP now owns 1,282,500 shares of the company’s stock worth $10,940,000 after purchasing an additional 793,000 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of TPG RE Finance Trust by 30.3% in the 2nd quarter. Millennium Management LLC now owns 1,174,646 shares of the company’s stock valued at $10,149,000 after purchasing an additional 273,086 shares during the period. 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.