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

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have been assigned an average recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $10.75.

TRTX has been the topic of several recent research reports. Weiss Ratings cut TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Wall Street Zen upgraded shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. JPMorgan Chase & Co. increased their price objective on shares of 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. Finally, Zacks Research cut shares of TPG RE Finance Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th.

Hedge Funds Weigh In On TPG RE Finance Trust

Large investors have recently bought and sold shares of the business. State of New Jersey Common Pension Fund A purchased a new position in TPG RE Finance Trust during the third quarter valued at approximately $26,957,000. Geode Capital Management LLC boosted its position in TPG RE Finance Trust by 7.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,639,667 shares of the company’s stock valued at $12,660,000 after acquiring an additional 115,707 shares in the last quarter. Condor Capital Management increased its holdings in shares of TPG RE Finance Trust by 33.7% in the 2nd quarter. Condor Capital Management now owns 620,539 shares of the company’s stock valued at $4,791,000 after acquiring an additional 156,309 shares during the period. Dimension Capital Management LLC increased its holdings in shares of TPG RE Finance Trust by 390.4% in the 2nd quarter. Dimension Capital Management LLC now owns 459,723 shares of the company’s stock valued at $3,549,000 after acquiring an additional 365,971 shares during the period. Finally, Norges Bank bought a new position in shares of TPG RE Finance Trust in the 2nd quarter worth $2,410,000. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Price Performance

Shares of TPG RE Finance Trust stock opened at $8.85 on Friday. The firm has a market cap of $692.21 million, a PE ratio of 13.61, a PEG ratio of 1.69 and a beta of 1.53. The stock has a 50 day moving average of $9.01 and a 200 day moving average of $8.98. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, December 26th were given a $0.24 dividend. The ex-dividend date was Friday, December 26th. This represents a $0.96 dividend on an annualized basis and a yield of 10.9%. TPG RE Finance Trust’s dividend payout ratio (DPR) is currently 147.69%.

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.