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

TPG RE Finance Trust, Inc. (NYSE:TRTX) has been given an average recommendation of “Hold” by the five research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $7.70.

TRTX has been the topic of several research reports. Raymond James lowered shares of TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 price target on the stock. in a report on Friday, April 12th. Bank of America restated an “underperform” rating and issued a $6.50 price target on shares of TPG RE Finance Trust in a report on Monday, March 4th. Wells Fargo & Company raised their price target on shares of TPG RE Finance Trust from $6.00 to $7.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of TPG RE Finance Trust from $7.00 to $7.50 and gave the company a “neutral” rating in a research report on Wednesday, April 10th.

Institutional Investors Weigh In On TPG RE Finance Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC bought a new stake in shares of TPG RE Finance Trust during the first quarter valued at about $952,000. Barclays PLC raised its stake in shares of TPG RE Finance Trust by 86.8% during the fourth quarter. Barclays PLC now owns 327,846 shares of the company’s stock valued at $2,130,000 after purchasing an additional 152,317 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of TPG RE Finance Trust by 4.7% during the fourth quarter. Nuveen Asset Management LLC now owns 191,292 shares of the company’s stock valued at $1,245,000 after purchasing an additional 8,542 shares in the last quarter. Royal Bank of Canada raised its stake in shares of TPG RE Finance Trust by 71.5% during the fourth quarter. Royal Bank of Canada now owns 19,902 shares of the company’s stock valued at $130,000 after purchasing an additional 8,298 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new stake in shares of TPG RE Finance Trust during the fourth quarter valued at about $117,000. 57.12% of the stock is currently owned by institutional investors.

TPG RE Finance Trust Trading Down 1.5 %

Shares of TRTX stock opened at $7.10 on Friday. The firm has a market cap of $552.49 million, a P/E ratio of -4.20 and a beta of 2.10. TPG RE Finance Trust has a 1-year low of $4.64 and a 1-year high of $8.12. The company has a debt-to-equity ratio of 2.46, a current ratio of 158.41 and a quick ratio of 158.41. The firm’s 50-day simple moving average is $7.06 and its 200-day simple moving average is $6.45.

TPG RE Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, March 28th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 13.53%. The ex-dividend date is Wednesday, March 27th. TPG RE Finance Trust’s dividend payout ratio is presently -56.80%.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc, a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.