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

TPG RE Finance Trust, Inc. (NYSE:TRTX) has earned an average rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $9.8333.

TRTX has been the subject of a number of research reports. Zacks Research raised shares of TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. cut their price objective on shares of 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. Weiss Ratings downgraded shares of TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. Citizens Jmp raised shares of TPG RE Finance Trust from a “market perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a report on Thursday, March 12th. Finally, Wells Fargo & Company cut their price objective on shares of TPG RE Finance Trust from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Thursday, February 19th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC bought a new position in TPG RE Finance Trust in the 1st quarter worth approximately $217,000. Quantinno Capital Management LP boosted its holdings in TPG RE Finance Trust by 30.0% in the 1st quarter. Quantinno Capital Management LP now owns 19,644 shares of the company’s stock worth $153,000 after buying an additional 4,537 shares during the period. Arrowstreet Capital Limited Partnership boosted 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 buying an additional 350,020 shares during the period. Jennison Associates LLC bought a new position in TPG RE Finance Trust in the 1st quarter worth approximately $1,330,000. Finally, Y Intercept Hong Kong Ltd boosted its holdings in TPG RE Finance Trust by 318.3% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 136,659 shares of the company’s stock worth $1,067,000 after buying an additional 103,986 shares during the period. 57.12% of the stock is owned by institutional investors.

TPG RE Finance Trust Stock Down 0.2%

TPG RE Finance Trust stock opened at $8.30 on Monday. TPG RE Finance Trust has a twelve month low of $7.46 and a twelve month high of $9.85. The firm has a 50 day moving average price of $8.15 and a 200-day moving average price of $8.63. The company has a market capitalization of $641.29 million, a P/E ratio of 13.17, a P/E/G ratio of 1.42 and a beta of 1.44. The company has a quick ratio of 201.40, a current ratio of 201.40 and a debt-to-equity ratio of 3.11.

TPG RE Finance Trust (NYSE:TRTX) last released its earnings results on Tuesday, April 28th. The company reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. TPG RE Finance Trust had a net margin of 19.38% and a return on equity of 6.91%. The firm had revenue of $37.31 million during the quarter, compared to the consensus estimate of $37.15 million. As a group, equities analysts predict that TPG RE Finance Trust will post 0.94 EPS for the current year.

TPG RE Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, March 27th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.96 annualized dividend and a yield of 11.6%. TPG RE Finance Trust’s dividend payout ratio (DPR) is 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.