TPG RE Finance Trust, Inc. (NYSE:TRTX) Given Consensus Recommendation of “Moderate Buy” by Analysts

TPG RE Finance Trust, Inc. (NYSE:TRTX) has received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $10.75.

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of TPG RE Finance Trust from $10.00 to $10.50 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of TPG RE Finance Trust in a report on Tuesday, November 25th. Citizens Jmp downgraded TPG RE Finance Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 17th. Wall Street Zen raised TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, JMP Securities reiterated a “market perform” rating on shares of TPG RE Finance Trust in a report on Wednesday, September 17th.

Institutional Investors Weigh In On TPG RE Finance Trust

A number of institutional investors have recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund A bought a new position in shares of TPG RE Finance Trust during the 3rd quarter worth approximately $26,957,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of TPG RE Finance Trust by 3,783.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,324,357 shares of the company’s stock valued at $10,794,000 after acquiring an additional 1,290,256 shares in the last quarter. Balyasny Asset Management L.P. increased its position 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 acquiring an additional 695,728 shares during the last quarter. Dimension Capital Management LLC lifted its holdings in TPG RE Finance Trust by 390.4% during the second quarter. Dimension Capital Management LLC now owns 459,723 shares of the company’s stock worth $3,549,000 after acquiring an additional 365,971 shares during the period. Finally, Norges Bank bought a new stake in TPG RE Finance Trust during the second quarter worth $2,410,000. 57.12% of the stock is owned by institutional investors.

TPG RE Finance Trust Stock Performance

Shares of TRTX stock opened at $9.09 on Monday. The firm has a market capitalization of $711.38 million, a PE ratio of 13.98, a price-to-earnings-growth ratio of 2.08 and a beta of 1.54. The firm has a fifty day simple moving average of $8.81 and a two-hundred day simple moving average of $8.58. The company has a current ratio of 166.64, a quick ratio of 166.64 and a debt-to-equity ratio of 2.61. TPG RE Finance Trust has a 12 month low of $6.47 and a 12 month high of $9.85.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings data on Monday, June 6th. The company reported $0.27 earnings per share for the quarter. The firm had revenue of $40.06 million for the quarter. TPG RE Finance Trust had a net margin of 20.46% and a return on equity of 6.37%. Analysts forecast that TPG RE Finance Trust will post 0.99 EPS for the current fiscal year.

TPG RE Finance Trust declared that its board has authorized a share repurchase plan on Thursday, September 4th that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 3.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

TPG RE Finance Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, September 26th were issued a $0.24 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.96 annualized dividend and a dividend yield of 10.6%. TPG RE Finance Trust’s dividend payout ratio is currently 147.69%.

About TPG RE Finance Trust

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.