TPG RE Finance Trust (NYSE:TRTX) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $6.76 and traded as high as $6.88. TPG RE Finance Trust shares last traded at $6.8350, with a volume of 2,401,427 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on 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. Weiss Ratings cut shares of TPG RE Finance Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Wall Street Zen raised shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. UBS Group lowered shares of TPG RE Finance Trust to a “neutral” rating in a report on Thursday, September 17th. Finally, Wells Fargo & Company dropped their price objective on shares of TPG RE Finance Trust from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Wednesday, October 28th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.33.

TPG RE Finance Trust Trading Up 5.2%

The company has a market capitalization of $518.30 million, a price-to-earnings ratio of 17.53, a P/E/G ratio of 1.48 and a beta of 1.47. The company has a debt-to-equity ratio of 4.05, a quick ratio of 200.26 and a current ratio of 246.28. The business’s 50-day simple moving average is $6.76 and its 200-day simple moving average is $7.99.

TPG RE Finance Trust (NYSE:TRTX) last released its earnings results on Monday, October 26th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.18). The business had revenue of $35.92 million for the quarter, compared to analyst estimates of $37.10 million. TPG RE Finance Trust had a return on equity of 5.21% and a net margin of 13.13%. On average, research analysts expect that TPG RE Finance Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, September 28th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 14.0%. The ex-dividend date of this dividend was Monday, September 28th. TPG RE Finance Trust’s dividend payout ratio is presently 246.15%.

Hedge Funds Weigh In On TPG RE Finance Trust

Several institutional investors and hedge funds have recently made changes to their positions in TRTX. Versant Capital Management Inc raised its stake in TPG RE Finance Trust by 644.0% during the 3rd quarter. Versant Capital Management Inc now owns 6,532 shares of the company’s stock worth $41,000 after buying an additional 5,654 shares during the period. Inscription Capital LLC bought a new position in shares of TPG RE Finance Trust during the 3rd quarter valued at about $63,000. Nisa Investment Advisors LLC grew its position in shares of TPG RE Finance Trust by 154.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 10,342 shares of the company’s stock valued at $67,000 after purchasing an additional 6,283 shares during the period. Quantbot Technologies LP acquired a new position in shares of TPG RE Finance Trust in the 2nd quarter valued at approximately $70,000. Finally, Signaturefd LLC grew its position in shares of TPG RE Finance Trust by 197.6% in the 3rd quarter. Signaturefd LLC now owns 11,369 shares of the company’s stock valued at $71,000 after purchasing an additional 7,549 shares during the period. Institutional investors and hedge funds own 57.12% of the company’s stock.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc is a commercial real estate finance company that operates as a real estate investment trust (REIT). The company originates, acquires and manages commercial mortgage loans secured primarily by properties in the United States.

Its portfolio is focused on transitional senior loans, which finance commercial properties undergoing lease-up, renovation, redevelopment or repositioning. These loans are generally secured by institutional-quality real estate across property types such as multifamily, office, hotel, industrial and retail.

TPG RE Finance Trust was formed in 2014 and completed its initial public offering in 2017.