TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $9.8333.

Several research firms have commented on TRTX. Weiss Ratings reissued a “hold (c)” rating on shares of TPG RE Finance Trust in a report on Friday, May 22nd. JPMorgan Chase & Co. reduced their price target on TPG RE Finance Trust from $10.50 to $9.50 and set an “overweight” rating for the company in a report on Thursday, April 16th. Citigroup reaffirmed a “market outperform” rating on shares of TPG RE Finance Trust in a research report on Tuesday, June 9th. Finally, Zacks Research upgraded shares of TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Balyasny Asset Management L.P. grew its holdings in shares of TPG RE Finance Trust by 244.6% during the second quarter. Balyasny Asset Management L.P. now owns 980,198 shares of the company’s stock valued at $7,567,000 after buying an additional 695,728 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of TPG RE Finance Trust during the fourth quarter valued at approximately $3,964,000. Arrowstreet Capital Limited Partnership raised its holdings in TPG RE Finance Trust by 60.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 929,566 shares of the company’s stock worth $7,260,000 after acquiring an additional 350,020 shares during the last quarter. Millennium Management LLC raised its holdings in TPG RE Finance Trust by 2,595.3% in the 4th quarter. Millennium Management LLC now owns 358,749 shares of the company’s stock worth $3,089,000 after acquiring an additional 345,439 shares during the last quarter. Finally, Norges Bank bought a new position in TPG RE Finance Trust in the 4th quarter valued at approximately $2,264,000. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Price Performance

TRTX stock opened at $8.39 on Tuesday. The company has a debt-to-equity ratio of 3.11, a quick ratio of 201.40 and a current ratio of 201.40. The firm has a 50 day moving average price of $8.43 and a 200-day moving average price of $8.49. TPG RE Finance Trust has a 52-week low of $7.57 and a 52-week high of $9.85. The firm has a market capitalization of $649.02 million, a price-to-earnings ratio of 13.33, a PEG ratio of 1.74 and a beta of 1.40.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. TPG RE Finance Trust had a return on equity of 6.91% and a net margin of 19.38%.The company had revenue of $37.31 million for the quarter, compared to the consensus estimate of $37.15 million. Equities research analysts forecast that TPG RE Finance Trust will post 0.93 EPS for the current fiscal year.

TPG RE Finance Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 11.4%. The ex-dividend date is Friday, June 26th. TPG RE Finance Trust’s dividend payout ratio (DPR) is currently 152.38%.

TPG RE Finance Trust Company Profile

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.