TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives Average Rating of “Moderate Buy” from Brokerages

TPG RE Finance Trust, Inc. (NYSE:TRTX) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $10.00.

Several research analysts recently issued reports on the company. Weiss Ratings lowered TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. Wall Street Zen raised shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. boosted their price target on TPG RE Finance Trust from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Finally, Citigroup restated a “market outperform” rating on shares of TPG RE Finance Trust in a research report on Tuesday, June 9th.

Institutional Investors Weigh In On TPG RE Finance Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRTX. Kemnay Advisory Services Inc. purchased a new stake in TPG RE Finance Trust during the 4th quarter worth approximately $30,000. Kestra Advisory Services LLC acquired a new stake in TPG RE Finance Trust during the fourth quarter worth about $30,000. Russell Investments Group Ltd. raised its stake in TPG RE Finance Trust by 2,454.1% during the third quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock worth $51,000 after purchasing an additional 5,718 shares during the period. BNP Paribas Financial Markets boosted its holdings in TPG RE Finance Trust by 86.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock valued at $50,000 after purchasing an additional 3,013 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of TPG RE Finance Trust by 249.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock valued at $53,000 after buying an additional 4,865 shares during the period. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Down 2.0%

Shares of NYSE TRTX opened at $7.74 on Wednesday. The stock’s fifty day simple moving average is $8.16 and its two-hundred day simple moving average is $8.24. TPG RE Finance Trust has a 12-month low of $7.57 and a 12-month high of $9.71. The company has a current ratio of 200.26, a quick ratio of 200.26 and a debt-to-equity ratio of 3.30. The stock has a market capitalization of $593.89 million, a PE ratio of 14.33, a price-to-earnings-growth ratio of 1.74 and a beta of 1.42.

TPG RE Finance Trust (NYSE:TRTX) last announced its earnings results on Tuesday, July 28th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03). The firm had revenue of $34.01 million during the quarter, compared to the consensus estimate of $37.30 million. TPG RE Finance Trust had a return on equity of 6.85% and a net margin of 17.03%. As a group, analysts expect that TPG RE Finance Trust will post 0.92 EPS for the current fiscal year.

TPG RE Finance Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, June 26th were given a dividend of $0.24 per share. The ex-dividend date was Friday, June 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.4%. TPG RE Finance Trust’s dividend payout ratio (DPR) is 177.78%.

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.