TPG RE Finance Trust (NYSE:TRTX) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of TPG RE Finance Trust (NYSE:TRTX) from a hold rating to a sell rating in a report published on Saturday morning,Wall Street Zen reports.

A number of other research firms also recently weighed in on TRTX. Weiss Ratings downgraded shares of TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, September 1st. JPMorgan Chase & Co. increased their price objective on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Citigroup reaffirmed a “market outperform” rating on shares of TPG RE Finance Trust in a report on Thursday. Finally, UBS Group lowered shares of TPG RE Finance Trust to a “neutral” rating in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $10.00.

TPG RE Finance Trust Price Performance

Shares of TRTX stock opened at $7.24 on Friday. The stock has a 50 day moving average of $7.97 and a two-hundred day moving average of $8.17. The company has a current ratio of 200.26, a quick ratio of 200.26 and a debt-to-equity ratio of 3.30. TPG RE Finance Trust has a 12 month low of $7.18 and a 12 month high of $9.37. The company has a market capitalization of $555.81 million, a P/E ratio of 13.41, a P/E/G ratio of 1.58 and a beta of 1.42.

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

TPG RE Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Monday, September 28th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 13.3%. The ex-dividend date is Monday, September 28th. TPG RE Finance Trust’s dividend payout ratio (DPR) is 177.78%.

Institutional Trading of TPG RE Finance Trust

A number of large investors have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new position in shares of TPG RE Finance Trust during the second quarter valued at $70,000. Pictet Asset Management Holding SA bought a new stake in shares of TPG RE Finance Trust in the 1st quarter worth about $88,000. Ieq Capital LLC bought a new stake in shares of TPG RE Finance Trust in the 2nd quarter worth about $128,000. The Manufacturers Life Insurance Company acquired a new stake in shares of TPG RE Finance Trust during the 2nd quarter worth about $150,000. Finally, Quantinno Capital Management LP increased its position in shares of TPG RE Finance Trust by 30.0% during the 1st quarter. Quantinno Capital Management LP now owns 19,644 shares of the company’s stock worth $153,000 after purchasing an additional 4,537 shares in the last quarter. 57.12% of the stock is currently owned by institutional investors.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc is a real estate investment trust that originates, acquires and manages commercial real estate loans. The company primarily focuses on senior mortgage loans secured by institutional-quality properties in major U.S. markets.

Its portfolio may include loans backed by a range of commercial property types, such as multifamily, office, hospitality, industrial, retail and other commercial assets. TPG RE Finance Trust generally seeks to provide financing to owners and operators of income-producing real estate while managing credit, interest-rate and other investment risks.

The company was established in 2014 and is externally managed by TPG RE Finance Trust Management, LLC, an affiliate of global alternative asset manager TPG Inc Through its relationship with TPG, the company benefits from access to real estate investment and lending expertise.