TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives $10.75 Average PT from Analysts

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $10.75.

TRTX has been the subject of several research analyst reports. Citigroup downgraded shares of TPG RE Finance Trust to a “market perform” rating in a report on Wednesday, September 17th. Citizens Jmp cut TPG RE Finance Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 17th. JMP Securities reaffirmed a “market perform” rating on shares of TPG RE Finance Trust in a research report on Wednesday, September 17th. JPMorgan Chase & Co. increased their target price on TPG RE Finance Trust from $10.00 to $10.50 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Wall Street Zen raised TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Saturday, October 18th.

Hedge Funds Weigh In On TPG RE Finance Trust

A number of hedge funds have recently bought and sold shares of the business. Nuveen LLC acquired a new stake in shares of TPG RE Finance Trust during the 1st quarter worth approximately $1,321,000. Wellington Management Group LLP lifted its stake in TPG RE Finance Trust by 5.9% during the first quarter. Wellington Management Group LLP now owns 745,419 shares of the company’s stock worth $6,075,000 after purchasing an additional 41,519 shares during the last quarter. AlphaQuest LLC boosted its holdings in shares of TPG RE Finance Trust by 151.2% in the 1st quarter. AlphaQuest LLC now owns 8,567 shares of the company’s stock valued at $70,000 after purchasing an additional 5,157 shares in the last quarter. State of Wyoming boosted its holdings in shares of TPG RE Finance Trust by 34.8% in the 1st quarter. State of Wyoming now owns 65,998 shares of the company’s stock valued at $538,000 after purchasing an additional 17,043 shares in the last quarter. Finally, Vident Advisory LLC bought a new position in shares of TPG RE Finance Trust in the 1st quarter valued at $118,000. 57.12% of the stock is owned by institutional investors.

TPG RE Finance Trust Stock Down 3.6%

TRTX stock opened at $8.79 on Friday. TPG RE Finance Trust has a 1-year low of $6.47 and a 1-year high of $9.85. The business’s 50 day simple moving average is $8.97 and its 200 day simple moving average is $8.77. The company has a current ratio of 166.64, a quick ratio of 166.64 and a debt-to-equity ratio of 2.61. The firm has a market capitalization of $687.51 million, a PE ratio of 13.52, a PEG ratio of 2.07 and a beta of 1.54.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings data on Monday, June 6th. The company reported $0.27 EPS for the quarter. The firm had revenue of $40.06 million during the quarter. TPG RE Finance Trust had a net margin of 20.46% and a return on equity of 6.37%. As a group, research analysts anticipate that TPG RE Finance Trust will post 0.99 EPS for the current year.

TPG RE Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, December 26th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.9%. TPG RE Finance Trust’s dividend payout ratio (DPR) is currently 147.69%.

TPG RE Finance Trust announced that its board has authorized a share buyback program on Thursday, September 4th that permits the company to buyback $25.00 million in shares. This buyback authorization permits the company to reacquire up to 3.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

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.