TPG RE Finance Trust (NYSE:TRTX) Downgraded by Wall Street Zen to Sell

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

Other equities research analysts have also issued reports about the company. Citigroup reissued a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Thursday. 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. JPMorgan Chase & Co. upped their target price 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, UBS Group lowered TPG RE Finance Trust to a “neutral” rating in a research report on Thursday. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $10.00.

TPG RE Finance Trust Trading Down 1.3%

Shares of TRTX stock opened at $7.20 on Friday. The stock has a 50-day simple moving average of $7.99 and a 200 day simple moving average of $8.18. TPG RE Finance Trust has a fifty-two week low of $7.18 and a fifty-two week high of $9.41. The stock has a market capitalization of $552.36 million, a P/E ratio of 13.32, a P/E/G ratio of 1.58 and a beta of 1.42. The company has a quick ratio of 200.26, a current ratio of 200.26 and a debt-to-equity ratio of 3.30.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly 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). TPG RE Finance Trust had a return on equity of 6.85% and a net margin of 17.03%.The business had revenue of $34.01 million during the quarter, compared to the consensus estimate of $37.30 million. On average, sell-side 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 company also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Monday, September 28th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 13.3%. The ex-dividend date of this dividend is Monday, September 28th. TPG RE Finance Trust’s payout ratio is 177.78%.

Institutional Trading of TPG RE Finance Trust

Hedge funds have recently modified their holdings of the business. Quantbot Technologies LP acquired a new stake in shares of TPG RE Finance Trust in the second quarter worth $70,000. Pictet Asset Management Holding SA acquired a new position in TPG RE Finance Trust during the first quarter valued at $88,000. Ieq Capital LLC acquired a new position in TPG RE Finance Trust during the second quarter valued at $128,000. The Manufacturers Life Insurance Company purchased a new stake in TPG RE Finance Trust in the 2nd quarter worth about $150,000. Finally, Quantinno Capital Management LP lifted its stake in TPG RE Finance Trust by 30.0% in the 1st quarter. Quantinno Capital Management LP now owns 19,644 shares of the company’s stock worth $153,000 after acquiring an additional 4,537 shares in the last quarter. Hedge funds and other institutional investors own 57.12% of the company’s stock.

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.