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

by · The Markets Daily

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $10.00.

Several analysts have commented on TRTX shares. Citigroup restated a “market outperform” rating on shares of TPG RE Finance Trust in a report on Tuesday, June 9th. Weiss Ratings upgraded TPG RE Finance Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Zacks Research raised TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. raised their target price on TPG RE Finance Trust from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Finally, Wall Street Zen cut TPG RE Finance Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st.

View Our Latest Research Report on TPG RE Finance Trust

TPG RE Finance Trust Trading Down 1.1%

NYSE:TRTX opened at $7.93 on Friday. The company has a 50-day moving average price of $8.39 and a 200-day moving average price of $8.38. 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 200.26, a quick ratio of 200.26 and a debt-to-equity ratio of 3.30. The stock has a market cap of $608.93 million, a price-to-earnings ratio of 14.69, a P/E/G ratio of 1.77 and a beta of 1.41.

TPG RE Finance Trust (NYSE:TRTX – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03). TPG RE Finance Trust had a net margin of 17.03% and a return on equity of 6.85%. The company had revenue of $34.01 million for the quarter, compared to the consensus estimate of $37.30 million. Equities analysts predict that TPG RE Finance Trust will post 0.92 EPS for the current year.

TPG RE Finance Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, June 26th were issued a $0.24 dividend. The ex-dividend date was Friday, June 26th. This represents a $0.96 dividend on an annualized basis and a yield of 12.1%. TPG RE Finance Trust’s dividend payout ratio is 177.78%.

Institutional Trading of TPG RE Finance Trust

A number of hedge funds have recently modified their holdings of TRTX. Kemnay Advisory Services Inc. purchased a new stake in shares of TPG RE Finance Trust in the 4th quarter worth about $30,000. Kestra Advisory Services LLC bought a new position in shares of TPG RE Finance Trust in the 4th quarter worth about $30,000. BNP Paribas Financial Markets lifted its position in TPG RE Finance Trust by 86.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock valued at $50,000 after acquiring an additional 3,013 shares during the period. Russell Investments Group Ltd. lifted its position in TPG RE Finance Trust by 2,454.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock valued at $51,000 after acquiring an additional 5,718 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in TPG RE Finance Trust by 249.1% during the second quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock worth $53,000 after acquiring an additional 4,865 shares in the last quarter. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Company Profile

(Get Free Report)

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.

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