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

TPG RE Finance Trust, Inc. (NYSE:TRTX) has received a consensus rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $9.08.

A number of equities analysts have commented on the company. JMP Securities lifted their price target on TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. raised shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $9.00 to $9.50 in a research note on Thursday, October 17th.

Institutional Trading of TPG RE Finance Trust

Large investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new stake in shares of TPG RE Finance Trust in the 2nd quarter worth about $27,000. McIlrath & Eck LLC bought a new position in TPG RE Finance Trust in the third quarter worth about $58,000. Quarry LP raised its stake in TPG RE Finance Trust by 1,731.6% in the second quarter. Quarry LP now owns 7,363 shares of the company’s stock worth $64,000 after buying an additional 6,961 shares in the last quarter. Zacks Investment Management purchased a new stake in TPG RE Finance Trust in the third quarter worth about $94,000. Finally, Mackenzie Financial Corp bought a new stake in TPG RE Finance Trust during the 2nd quarter valued at approximately $95,000. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Up 0.2 %

TRTX opened at $9.20 on Friday. The company has a market cap of $744.54 million, a P/E ratio of 13.33, a P/E/G ratio of 0.25 and a beta of 2.18. TPG RE Finance Trust has a 12 month low of $5.12 and a 12 month high of $9.66. The business’s 50-day moving average price is $8.64 and its 200-day moving average price is $8.68. The company has a current ratio of 152.83, a quick ratio of 152.83 and a debt-to-equity ratio of 2.03.

TPG RE Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, September 27th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.43%. TPG RE Finance Trust’s dividend payout ratio is presently 139.13%.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc, a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.