TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives $8.75 Average PT from Brokerages

TPG RE Finance Trust, Inc. (NYSE:TRTX) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $8.75.

A number of equities analysts have recently weighed in on TRTX shares. BTIG Research reaffirmed a “buy” rating and set a $11.00 target price on shares of TPG RE Finance Trust in a research report on Friday, July 19th. JMP Securities upped their price objective on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 21st.

TPG RE Finance Trust Stock Down 1.0 %

TRTX stock opened at $8.25 on Friday. The stock’s 50 day simple moving average is $8.63 and its 200 day simple moving average is $8.46. The company has a market cap of $667.67 million, a P/E ratio of -5.25, a price-to-earnings-growth ratio of 0.24 and a beta of 2.19. The company has a debt-to-equity ratio of 2.13, a quick ratio of 154.59 and a current ratio of 154.59. TPG RE Finance Trust has a fifty-two week low of $4.64 and a fifty-two week high of $9.66.

TPG RE Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 11.64%. The ex-dividend date of this dividend is Friday, September 27th. TPG RE Finance Trust’s dividend payout ratio is -61.15%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TRTX. Los Angeles Capital Management LLC purchased a new position in shares of TPG RE Finance Trust in the 1st quarter worth approximately $952,000. Price T Rowe Associates Inc. MD raised its position in TPG RE Finance Trust by 4.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 75,376 shares of the company’s stock worth $582,000 after acquiring an additional 3,217 shares during the period. Renaissance Technologies LLC boosted its stake in TPG RE Finance Trust by 252.8% in the second quarter. Renaissance Technologies LLC now owns 123,094 shares of the company’s stock valued at $1,064,000 after acquiring an additional 88,200 shares during the last quarter. TFO Wealth Partners LLC increased its stake in shares of TPG RE Finance Trust by 35,280.0% during the 4th quarter. TFO Wealth Partners LLC now owns 7,076 shares of the company’s stock worth $46,000 after purchasing an additional 7,056 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in TPG RE Finance Trust in the first quarter worth $506,000. 57.12% of the stock is owned by institutional investors.

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.