TPG RE Finance Trust, Inc. (NYSE:TRTX) Given Average Rating of “Hold” by Analysts

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have been given an average recommendation of “Hold” by the five brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $8.10.

A number of brokerages have recently commented on TRTX. Wells Fargo & Company lifted their price target on shares of TPG RE Finance Trust from $7.00 to $9.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Bank of America reissued an “underperform” rating and issued a $6.50 price target on shares of TPG RE Finance Trust in a research note on Monday, March 4th. JPMorgan Chase & Co. lifted their price objective on TPG RE Finance Trust from $7.00 to $7.50 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Finally, Raymond James lowered shares of TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 price target for the company. in a report on Friday, April 12th.

TPG RE Finance Trust Stock Up 1.8 %

NYSE:TRTX opened at $8.61 on Friday. TPG RE Finance Trust has a one year low of $4.64 and a one year high of $8.96. The company has a debt-to-equity ratio of 2.25, a current ratio of 138.05 and a quick ratio of 138.05. The company has a market cap of $670.46 million, a PE ratio of -5.48 and a beta of 2.15. The firm’s 50 day simple moving average is $8.07 and its 200 day simple moving average is $7.04.

TPG RE Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, March 28th were issued a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.96 dividend on an annualized basis and a yield of 11.15%. TPG RE Finance Trust’s payout ratio is currently -61.15%.

Insiders Place Their Bets

In related news, major shareholder Starwood Capital Group Global sold 9,352,941 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $8.84, for a total transaction of $82,679,998.44. Following the transaction, the insider now owns 2,647,059 shares in the company, valued at approximately $23,400,001.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.50% of the company’s stock.

Institutional Trading of TPG RE Finance Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new stake in shares of TPG RE Finance Trust during the third quarter valued at approximately $70,000. Quantbot Technologies LP bought a new stake in TPG RE Finance Trust during the 3rd quarter valued at $80,000. Swiss National Bank raised its holdings in TPG RE Finance Trust by 9.2% during the third quarter. Swiss National Bank now owns 127,600 shares of the company’s stock worth $859,000 after buying an additional 10,700 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of TPG RE Finance Trust by 10.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,122,112 shares of the company’s stock valued at $7,552,000 after buying an additional 101,873 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of TPG RE Finance Trust by 48.0% during the third quarter. Hsbc Holdings PLC now owns 42,399 shares of the company’s stock valued at $284,000 after buying an additional 13,745 shares during the last quarter. 57.12% of the stock is owned by institutional investors.

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.