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

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $10.00.

A number of research analysts have weighed in on TRTX shares. JPMorgan Chase & Co. raised their price objective on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TPG RE Finance Trust in a research report on Friday, May 22nd. Citigroup reissued a “market outperform” rating on shares of TPG RE Finance Trust in a report on Tuesday, June 9th. Finally, Zacks Research upgraded TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Long Pond Capital LP grew its position in TPG RE Finance Trust by 1.9% in the 4th quarter. Long Pond Capital LP now owns 7,032,626 shares of the company’s stock worth $60,551,000 after purchasing an additional 134,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of TPG RE Finance Trust by 5.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,957,587 shares of the company’s stock worth $33,877,000 after buying an additional 190,505 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of TPG RE Finance Trust by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 3,930,865 shares of the company’s stock valued at $32,037,000 after acquiring an additional 192,126 shares in the last quarter. State Street Corp increased its position in shares of TPG RE Finance Trust by 3.8% during the fourth quarter. State Street Corp now owns 1,793,778 shares of the company’s stock valued at $15,861,000 after acquiring an additional 65,382 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in TPG RE Finance Trust by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 1,783,107 shares of the company’s stock worth $15,357,000 after acquiring an additional 37,173 shares during the period. 57.12% of the stock is owned by institutional investors.

TPG RE Finance Trust Stock Down 0.9%

TRTX stock opened at $8.67 on Tuesday. The stock’s 50 day simple moving average is $8.44 and its 200 day simple moving average is $8.48. The company has a market cap of $670.59 million, a P/E ratio of 13.77, a price-to-earnings-growth ratio of 1.79 and a beta of 1.40. The company has a debt-to-equity ratio of 3.11, a quick ratio of 201.40 and a current ratio of 201.40. TPG RE Finance Trust has a fifty-two week low of $7.57 and a fifty-two week high of $9.85.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.25 EPS for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $37.15 million. On average, research analysts expect that TPG RE Finance Trust will post 0.93 earnings per share 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. The ex-dividend date is Friday, June 26th. This represents a $0.96 annualized dividend and a yield of 11.1%. 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.