TPG RE Finance Trust, Inc. (NYSE:TRTX) Stock Has Consensus Target Price of $10.00

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $10.00.

Several equities research analysts have weighed in on TRTX shares. Wall Street Zen raised shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research report on Saturday, October 17th. Citigroup reissued a “market outperform” rating on shares of TPG RE Finance Trust in a report on Thursday, September 17th. UBS Group cut shares of TPG RE Finance Trust to a “neutral” rating in a research report on Thursday, September 17th. Weiss Ratings cut shares of TPG RE Finance Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 16th. Finally, JPMorgan Chase & Co. upped 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, July 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in TPG RE Finance Trust during the second quarter worth about $54,386,000. Arrowstreet Capital Limited Partnership increased its stake in shares of TPG RE Finance Trust by 60.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 929,566 shares of the company’s stock valued at $7,260,000 after purchasing an additional 350,020 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of TPG RE Finance Trust by 9.3% during the second quarter. Van ECK Associates Corp now owns 816,098 shares of the company’s stock valued at $6,831,000 after purchasing an additional 69,463 shares in the last quarter. Almitas Capital LLC bought a new position in shares of TPG RE Finance Trust during the second quarter valued at approximately $3,036,000. Finally, Bank of America Corp DE bought a new position in shares of TPG RE Finance Trust during the second quarter valued at approximately $2,265,000. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Price Performance

TRTX opened at $5.84 on Thursday. The stock has a 50-day moving average price of $7.00 and a 200-day moving average price of $7.88. TPG RE Finance Trust has a 12-month low of $5.60 and a 12-month high of $9.37. 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 stock has a market capitalization of $448.72 million, a P/E ratio of 10.82, a PEG ratio of 1.29 and a beta of 1.47.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 EPS 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 the consensus estimate of $37.30 million. TPG RE Finance Trust had a net margin of 17.03% and a return on equity of 6.85%. Equities analysts predict that TPG RE Finance Trust will post 0.92 earnings per share for the current fiscal year.

TPG RE Finance Trust Announces Dividend

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 dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 16.4%. The ex-dividend date of this dividend is Monday, September 28th. TPG RE Finance Trust’s payout ratio is presently 177.78%.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc (NYSE: TRTX) is a real estate finance company organized as a mortgage real estate investment trust. The company focuses on originating, acquiring and managing commercial real estate loans, with an emphasis on senior mortgage loans secured by institutional-quality properties.

Its lending activities primarily support transitional commercial properties, which are assets undergoing renovation, repositioning, lease-up or other improvements intended to enhance their value and cash flow.