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

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $9.8333.

Several brokerages have weighed in on TRTX. Wells Fargo & Company reduced their price objective on TPG RE Finance Trust from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. JPMorgan Chase & Co. reduced their price objective on TPG RE Finance Trust from $10.50 to $9.50 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Citizens Jmp raised TPG RE Finance Trust from a “market perform” rating to an “outperform” rating and set a $10.00 price objective on the stock in a research note on Thursday, March 12th. Weiss Ratings reissued a “hold (c)” rating on shares of TPG RE Finance Trust in a research note on Friday, May 22nd. Finally, Citigroup reissued a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Tuesday, June 9th.

TPG RE Finance Trust Trading Up 0.8%

Shares of TRTX stock opened at $8.58 on Friday. TPG RE Finance Trust has a 12-month low of $7.57 and a 12-month high of $9.85. The company has a current ratio of 201.40, a quick ratio of 201.40 and a debt-to-equity ratio of 3.11. The stock’s 50-day moving average price is $8.36 and its 200-day moving average price is $8.57. The stock has a market capitalization of $662.93 million, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41.

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

TPG RE Finance Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 11.2%. The ex-dividend date of this dividend is Friday, June 26th. TPG RE Finance Trust’s payout ratio is presently 152.38%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TRTX. Kemnay Advisory Services Inc. purchased a new position in shares of TPG RE Finance Trust during the fourth quarter valued at approximately $30,000. Kestra Advisory Services LLC purchased a new position in shares of TPG RE Finance Trust during the fourth quarter valued at approximately $30,000. BNP Paribas Financial Markets boosted its holdings in shares of TPG RE Finance Trust by 86.6% in the second quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock valued at $50,000 after purchasing an additional 3,013 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of TPG RE Finance Trust by 2,454.1% in the third quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock valued at $51,000 after purchasing an additional 5,718 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of TPG RE Finance Trust by 249.1% in the second quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock valued at $53,000 after purchasing an additional 4,865 shares during the period. Hedge funds and other institutional investors own 57.12% of the company’s stock.

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.