TPG RE Finance Trust (NYSE:TRTX) Sets New 12-Month Low – What’s Next?

TPG RE Finance Trust, Inc. (NYSE:TRTX)’s share price reached a new 52-week low during trading on Thursday. The stock traded as low as $6.80 and last traded at $6.8050, with a volume of 1532885 shares changing hands. The stock had previously closed at $7.19.

Analysts Set New Price Targets

A number of brokerages have issued reports on TRTX. JPMorgan Chase & Co. raised their price target on TPG RE Finance Trust from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Citigroup reaffirmed a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Thursday, September 17th. Wall Street Zen lowered shares of TPG RE Finance Trust from a “hold” rating to a “sell” rating in a report on Saturday, September 19th. UBS Group cut shares of TPG RE Finance Trust to a “neutral” rating in a research report on Thursday, September 17th. Finally, Weiss Ratings downgraded shares of TPG RE Finance Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

TPG RE Finance Trust Stock Down 1.1%

The firm has a market capitalization of $502.46 million, a PE ratio of 12.12, a price-to-earnings-growth ratio of 1.46 and a beta of 1.42. 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 firm has a 50-day moving average of $7.82 and a two-hundred day moving average of $8.13.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly 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). The business had revenue of $34.01 million for the quarter, compared to analyst estimates of $37.30 million. TPG RE Finance Trust had a net margin of 17.03% and a return on equity of 6.85%. On average, equities research analysts forecast that TPG RE Finance Trust, Inc. will post 0.92 EPS for the current year.

TPG RE Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Monday, September 28th will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, September 28th. This represents a $0.96 annualized dividend and a yield of 14.7%. TPG RE Finance Trust’s dividend payout ratio (DPR) is 177.78%.

Institutional Investors Weigh In On TPG RE Finance Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new stake in shares of TPG RE Finance Trust in the second quarter valued at about $70,000. Pictet Asset Management Holding SA acquired a new position in TPG RE Finance Trust during the 1st quarter worth approximately $88,000. Ieq Capital LLC purchased a new position in TPG RE Finance Trust in the 2nd quarter worth approximately $128,000. The Manufacturers Life Insurance Company purchased a new position in TPG RE Finance Trust in the 2nd quarter worth approximately $150,000. Finally, Quantinno Capital Management LP boosted its holdings in TPG RE Finance Trust by 30.0% in the 1st quarter. Quantinno Capital Management LP now owns 19,644 shares of the company’s stock worth $153,000 after acquiring an additional 4,537 shares during the period. 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 is a real estate investment trust that originates, acquires and manages commercial real estate loans. The company primarily focuses on senior mortgage loans secured by institutional-quality properties in major U.S. markets.

Its portfolio may include loans backed by a range of commercial property types, such as multifamily, office, hospitality, industrial, retail and other commercial assets. TPG RE Finance Trust generally seeks to provide financing to owners and operators of income-producing real estate while managing credit, interest-rate and other investment risks.

The company was established in 2014 and is externally managed by TPG RE Finance Trust Management, LLC, an affiliate of global alternative asset manager TPG Inc Through its relationship with TPG, the company benefits from access to real estate investment and lending expertise.