TPG RE Finance Trust (NYSE:TRTX) Upgraded to Hold 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 report released on Saturday morning,Wall Street Zen reports.

Other research analysts have also recently issued research reports about the company. UBS Group cut TPG RE Finance Trust to a “neutral” rating in a report on Thursday, September 17th. JPMorgan Chase & Co. increased their price objective on 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. Citigroup reissued a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Thursday, September 17th. Finally, Weiss Ratings cut TPG RE Finance Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.00.

TPG RE Finance Trust Stock Down 2.4%

NYSE TRTX opened at $5.78 on Friday. The company has a debt-to-equity ratio of 3.30, a current ratio of 200.26 and a quick ratio of 200.26. The company’s 50 day simple moving average is $7.13 and its 200 day simple moving average is $7.92. TPG RE Finance Trust has a 12 month low of $5.60 and a 12 month high of $9.37. The company has a market capitalization of $443.35 million, a P/E ratio of 10.69, a PEG ratio of 1.28 and a beta of 1.47.

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

TPG RE Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Monday, September 28th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 16.6%. The ex-dividend date is Monday, September 28th. TPG RE Finance Trust’s payout ratio is presently 177.78%.

Institutional Trading of TPG RE Finance Trust

A number of hedge funds have recently bought and sold shares of TRTX. BlackRock Inc. acquired a new position in shares of TPG RE Finance Trust in the second quarter worth about $54,386,000. Almitas Capital LLC purchased a new position in shares of TPG RE Finance Trust in the second quarter worth approximately $3,036,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of TPG RE Finance Trust by 60.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 929,566 shares of the company’s stock valued at $7,260,000 after acquiring an additional 350,020 shares during the period. Bank of America Corp DE acquired a new stake in shares of TPG RE Finance Trust during the second quarter valued at approximately $2,265,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of TPG RE Finance Trust during the second quarter valued at approximately $1,768,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc (NYSE: TRTX) is a real estate finance company organized as a mortgage real estate investment trust. The company focuses on originating, acquiring and managing commercial real estate loans, with an emphasis on senior mortgage loans secured by institutional-quality properties.

Its lending activities primarily support transitional commercial properties, which are assets undergoing renovation, repositioning, lease-up or other improvements intended to enhance their value and cash flow.