TPG RE Finance Trust (NYSE:TRTX) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of TPG RE Finance Trust (NYSE:TRTX) from a sell rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

A number of other equities research analysts have also commented on TRTX. Weiss Ratings lowered TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price target on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Finally, Citigroup restated a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Tuesday, June 9th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

TPG RE Finance Trust Stock Performance

Shares of TRTX opened at $7.91 on Friday. The stock has a 50-day moving average of $8.18 and a two-hundred day moving average of $8.26. TPG RE Finance Trust has a one year low of $7.57 and a one year high of $9.85. The company has a debt-to-equity ratio of 3.30, a quick ratio of 200.26 and a current ratio of 200.26. The stock has a market cap of $607.25 million, a P/E ratio of 14.65, a P/E/G ratio of 1.74 and a beta of 1.42.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings data 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 firm had revenue of $34.01 million during the quarter, compared to analyst estimates of $37.30 million. As a group, research analysts predict that TPG RE Finance Trust will post 0.92 EPS for the current year.

TPG RE Finance Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, June 26th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 12.1%. The ex-dividend date was Friday, June 26th. TPG RE Finance Trust’s dividend payout ratio (DPR) is currently 177.78%.

Hedge Funds Weigh In On TPG RE Finance Trust

Hedge funds have recently bought and sold shares of the business. Kemnay Advisory Services Inc. acquired a new stake in TPG RE Finance Trust in the 4th quarter worth about $30,000. Kestra Advisory Services LLC acquired a new stake in TPG RE Finance Trust in the 4th quarter valued at about $30,000. Russell Investments Group Ltd. raised its holdings in TPG RE Finance Trust by 2,454.1% in 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 last quarter. BNP Paribas Financial Markets lifted its stake in TPG RE Finance Trust by 86.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock worth $50,000 after purchasing an additional 3,013 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of TPG RE Finance Trust by 249.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock worth $53,000 after purchasing an additional 4,865 shares during the last quarter. Hedge funds and other institutional investors own 57.12% of the company’s stock.

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.