TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives Average Recommendation of “Hold” from Analysts

TPG RE Finance Trust, Inc. (NYSE:TRTX) has been given an average recommendation of “Hold” by the five ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $7.70.

Several analysts have recently commented on TRTX shares. JPMorgan Chase & Co. increased their price objective on TPG RE Finance Trust from $7.00 to $7.50 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Bank of America reissued an “underperform” rating and issued a $6.50 price objective on shares of TPG RE Finance Trust in a research note on Monday, March 4th. Wells Fargo & Company increased their price target on TPG RE Finance Trust from $6.00 to $7.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Finally, Raymond James downgraded TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 price target for the company. in a research report on Friday, April 12th.

Hedge Funds Weigh In On TPG RE Finance Trust

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in TPG RE Finance Trust by 0.9% in the third quarter. Vanguard Group Inc. now owns 5,985,415 shares of the company’s stock worth $40,282,000 after purchasing an additional 51,839 shares during the period. BlackRock Inc. grew its stake in TPG RE Finance Trust by 0.9% in the second quarter. BlackRock Inc. now owns 5,556,481 shares of the company’s stock worth $41,174,000 after purchasing an additional 49,289 shares during the period. Goldman Sachs Group Inc. grew its stake in TPG RE Finance Trust by 36.0% in the second quarter. Goldman Sachs Group Inc. now owns 3,992,705 shares of the company’s stock worth $35,975,000 after purchasing an additional 1,056,413 shares during the period. State Street Corp grew its stake in TPG RE Finance Trust by 2.2% in the first quarter. State Street Corp now owns 1,553,759 shares of the company’s stock worth $11,650,000 after purchasing an additional 33,692 shares during the period. Finally, Geode Capital Management LLC grew its stake in TPG RE Finance Trust by 6.8% in the second quarter. Geode Capital Management LLC now owns 1,325,424 shares of the company’s stock worth $9,821,000 after purchasing an additional 84,231 shares during the period. 57.12% of the stock is owned by hedge funds and other institutional investors.

TPG RE Finance Trust Stock Performance

Shares of TPG RE Finance Trust stock opened at $7.10 on Friday. The company has a market cap of $552.49 million, a PE ratio of -4.20 and a beta of 2.10. TPG RE Finance Trust has a 52 week low of $4.64 and a 52 week high of $8.12. The business has a 50 day moving average price of $7.06 and a 200-day moving average price of $6.45. The company has a quick ratio of 158.41, a current ratio of 158.41 and a debt-to-equity ratio of 2.46.

TPG RE Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, March 28th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 13.53%. The ex-dividend date of this dividend is Wednesday, March 27th. TPG RE Finance Trust’s dividend payout ratio is currently -56.80%.

About TPG RE Finance Trust

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.