TPG RE Finance Trust (NYSE:TRTX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TPG RE Finance Trust (NYSE:TRTX) from a sell rating to a hold rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Other equities research analysts also recently issued research reports about the stock. Citigroup reaffirmed a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Tuesday, June 9th. JPMorgan Chase & Co. upped their target price on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Finally, 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. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, TPG RE Finance Trust has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

TPG RE Finance Trust Price Performance

Shares of TPG RE Finance Trust stock opened at $7.91 on Friday. The firm has a market cap of $607.25 million, a PE ratio of 14.65, a PEG ratio of 1.74 and a beta of 1.42. The stock has a 50 day moving average of $8.17 and a 200 day moving average of $8.25. 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 $7.57 and a 12 month high of $9.85.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.03). The firm had revenue of $34.01 million for the quarter, compared to analysts’ expectations of $37.30 million. TPG RE Finance Trust had a return on equity of 6.85% and a net margin of 17.03%. On average, research 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 disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, June 26th were issued 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 yield of 12.1%. TPG RE Finance Trust’s payout ratio is presently 177.78%.

Institutional Trading of TPG RE Finance Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in TPG RE Finance Trust in the 2nd quarter worth about $1,066,000. California State Teachers Retirement System boosted its position in TPG RE Finance Trust by 708.0% in the 2nd quarter. California State Teachers Retirement System now owns 540,434 shares of the company’s stock valued at $4,523,000 after buying an additional 473,551 shares during the period. Van ECK Associates Corp grew its stake in TPG RE Finance Trust by 9.3% in the 2nd quarter. Van ECK Associates Corp now owns 816,098 shares of the company’s stock worth $6,831,000 after acquiring an additional 69,463 shares in the last quarter. Almitas Capital LLC bought a new position in TPG RE Finance Trust in the 2nd quarter worth about $3,036,000. Finally, Bank of America Corp DE purchased a new position in shares of TPG RE Finance Trust during the second quarter worth approximately $2,265,000. 57.12% of the stock is currently owned by institutional investors.

About TPG RE Finance Trust

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.