TPG RE Finance Trust Inc (TRTX) Receives Average Recommendation of “Buy” from Analysts

Shares of TPG RE Finance Trust Inc (NYSE:TRTX) have been assigned an average rating of “Buy” from the six analysts that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $21.20.

TRTX has been the topic of several research reports. Zacks Investment Research raised TPG RE Finance Trust from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Thursday, October 26th. Citigroup reissued a “neutral” rating and set a $22.00 target price on shares of TPG RE Finance Trust in a research note on Tuesday, October 17th.

TPG RE Finance Trust (NYSE:TRTX) opened at $19.02 on Thursday. TPG RE Finance Trust has a 12 month low of $18.61 and a 12 month high of $20.70. The company has a current ratio of 10.75, a quick ratio of 10.75 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $1,130.00 and a PE ratio of 12.94.

TPG RE Finance Trust (NYSE:TRTX) last posted its earnings results on Monday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The firm had revenue of $27.58 million for the quarter, compared to analyst estimates of $26.00 million. During the same period in the previous year, the company posted $0.43 EPS. TPG RE Finance Trust’s revenue was up 17.5% on a year-over-year basis. analysts forecast that TPG RE Finance Trust will post 1.96 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Friday, December 29th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 7.99%. The ex-dividend date is Thursday, December 28th. TPG RE Finance Trust’s payout ratio is 48.30%.

In other news, CEO Greta Guggenheim bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were purchased at an average price of $19.19 per share, with a total value of $191,900.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Hedge funds have recently bought and sold shares of the business. Boothbay Fund Management LLC acquired a new stake in TPG RE Finance Trust in the 3rd quarter valued at about $275,000. California State Teachers Retirement System acquired a new stake in TPG RE Finance Trust in the 3rd quarter valued at about $356,000. Cubist Systematic Strategies LLC acquired a new stake in TPG RE Finance Trust in the 3rd quarter valued at about $390,000. HGI Capital Management LLC acquired a new stake in TPG RE Finance Trust in the 3rd quarter valued at about $459,000. Finally, Bank of New York Mellon Corp acquired a new stake in TPG RE Finance Trust in the 3rd quarter valued at about $652,000. 26.37% of the stock is currently owned by institutional investors.

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About TPG RE Finance Trust

TPG RE Finance Trust, Inc is a commercial real estate finance company. The Company is engaged in originating, acquiring and managing commercial mortgage loans and other commercial real estate-related debt instruments. It focuses primarily on directly originating and selectively acquiring floating rate first mortgage loans that are secured by high quality commercial real estate properties undergoing some form of transition and value creation, such as re-tenanting, refurbishment or other form of repositioning.

Analyst Recommendations for TPG RE Finance Trust (NYSE:TRTX)

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