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

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $10.75.

A number of research firms have recently commented on TRTX. Zacks Research upgraded TPG RE Finance Trust from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. raised their price objective on TPG RE Finance Trust from $10.00 to $10.50 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Wall Street Zen raised shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Weiss Ratings reissued a “buy (b-)” rating on shares of TPG RE Finance Trust in a research report on Monday. Finally, Citigroup downgraded shares of TPG RE Finance Trust to a “market perform” rating in a research note on Wednesday, September 17th.

TPG RE Finance Trust Trading Up 0.4%

Shares of TRTX opened at $9.10 on Friday. TPG RE Finance Trust has a 1-year low of $6.47 and a 1-year high of $9.85. The company has a current ratio of 166.64, a quick ratio of 166.64 and a debt-to-equity ratio of 2.61. The firm’s 50-day moving average price is $8.96 and its 200-day moving average price is $8.75. The firm has a market capitalization of $712.17 million, a price-to-earnings ratio of 14.00, a PEG ratio of 2.15 and a beta of 1.54.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings data on Monday, June 6th. The company reported $0.27 EPS for the quarter. The business had revenue of $40.06 million during the quarter. TPG RE Finance Trust had a net margin of 20.46% and a return on equity of 6.37%. Sell-side analysts anticipate that TPG RE Finance Trust will post 0.99 EPS for the current year.

TPG RE Finance Trust declared that its Board of Directors has initiated a share buyback plan on Thursday, September 4th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

TPG RE Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, December 26th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend is Friday, December 26th. TPG RE Finance Trust’s dividend payout ratio (DPR) is 147.69%.

Institutional Investors Weigh In On TPG RE Finance Trust

A number of institutional investors have recently modified their holdings of the stock. Nuveen LLC purchased a new position in shares of TPG RE Finance Trust in the 1st quarter worth about $1,321,000. Wellington Management Group LLP raised its holdings in TPG RE Finance Trust by 5.9% in the first quarter. Wellington Management Group LLP now owns 745,419 shares of the company’s stock worth $6,075,000 after buying an additional 41,519 shares during the last quarter. AlphaQuest LLC raised its holdings in TPG RE Finance Trust by 151.2% in the first quarter. AlphaQuest LLC now owns 8,567 shares of the company’s stock worth $70,000 after buying an additional 5,157 shares during the last quarter. State of Wyoming lifted its stake in shares of TPG RE Finance Trust by 34.8% in the first quarter. State of Wyoming now owns 65,998 shares of the company’s stock worth $538,000 after buying an additional 17,043 shares in the last quarter. Finally, Vident Advisory LLC purchased a new stake in shares of TPG RE Finance Trust during the first quarter valued at approximately $118,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

About TPG RE Finance Trust

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.