Brokerages Set TPG RE Finance Trust, Inc. (NYSE:TRTX) PT at $10.17

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $10.1667.

A number of research firms recently issued reports on TRTX. Wells Fargo & Company reduced their target price on TPG RE Finance Trust from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. JPMorgan Chase & Co. reduced their target price on TPG RE Finance Trust from $11.00 to $10.50 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Citizens Jmp raised TPG RE Finance Trust from a “market perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a research note on Thursday, March 12th. Weiss Ratings lowered TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 9th. Finally, Zacks Research lowered TPG RE Finance Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Long Pond Capital LP lifted its stake in shares of TPG RE Finance Trust by 1.9% during the 4th quarter. Long Pond Capital LP now owns 7,032,626 shares of the company’s stock worth $60,551,000 after purchasing an additional 134,000 shares during the period. Vanguard Group Inc. lifted its stake in shares of TPG RE Finance Trust by 5.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,957,587 shares of the company’s stock worth $33,877,000 after purchasing an additional 190,505 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of TPG RE Finance Trust by 5.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,930,865 shares of the company’s stock worth $32,037,000 after purchasing an additional 192,126 shares during the period. State of New Jersey Common Pension Fund A purchased a new position in shares of TPG RE Finance Trust during the 3rd quarter worth $26,957,000. Finally, State Street Corp lifted its stake in shares of TPG RE Finance Trust by 3.8% during the 4th quarter. State Street Corp now owns 1,793,778 shares of the company’s stock worth $15,861,000 after purchasing an additional 65,382 shares during the period. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Price Performance

TRTX stock opened at $7.73 on Friday. TPG RE Finance Trust has a 1 year low of $6.47 and a 1 year high of $9.85. The company has a debt-to-equity ratio of 3.02, a quick ratio of 183.34 and a current ratio of 183.34. The stock’s 50 day moving average price is $8.40 and its 200 day moving average price is $8.72. The firm has a market cap of $605.25 million, a P/E ratio of 13.79, a PEG ratio of 1.36 and a beta of 1.50.

TPG RE Finance Trust (NYSE:TRTX) last posted its earnings results on Tuesday, February 17th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). TPG RE Finance Trust had a net margin of 18.14% and a return on equity of 6.84%. The company had revenue of $35.04 million during the quarter, compared to analysts’ expectations of $27.15 million. On average, sell-side analysts expect that TPG RE Finance Trust will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date of this dividend is Friday, March 27th. TPG RE Finance Trust’s dividend payout ratio is currently 171.43%.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.