TPG RE Finance Trust, Inc. (NYSE:TRTX) Given Consensus Rating of “Hold” by Brokerages

TPG RE Finance Trust, Inc. (NYSE:TRTX) has received a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $10.75.

Several analysts have recently commented on the company. Wall Street Zen upgraded TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Citizens Jmp downgraded TPG RE Finance Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 17th. JPMorgan Chase & Co. upped their price objective on shares of TPG RE Finance Trust from $10.00 to $10.50 and gave the company an “overweight” rating in a report on Thursday, October 30th. Zacks Research downgraded shares of TPG RE Finance Trust from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, JMP Securities reiterated a “market perform” rating on shares of TPG RE Finance Trust in a research note on Wednesday, September 17th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRTX. CWM LLC raised its stake in shares of TPG RE Finance Trust by 473.7% during the 2nd quarter. CWM LLC now owns 3,517 shares of the company’s stock valued at $27,000 after buying an additional 2,904 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in TPG RE Finance Trust by 86.6% in the second quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock valued at $50,000 after acquiring an additional 3,013 shares during the period. Russell Investments Group Ltd. boosted its position in TPG RE Finance Trust by 2,454.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock worth $51,000 after purchasing an additional 5,718 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of TPG RE Finance Trust by 249.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock worth $53,000 after purchasing an additional 4,865 shares during the period. Finally, Ameritas Investment Partners Inc. grew its stake in shares of TPG RE Finance Trust by 24.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,998 shares of the company’s stock worth $54,000 after purchasing an additional 1,375 shares during the period. 57.12% of the stock is currently owned by institutional investors and hedge funds.

TPG RE Finance Trust Stock Performance

TRTX stock opened at $8.62 on Friday. TPG RE Finance Trust has a one year low of $6.47 and a one year high of $9.85. The firm has a market cap of $674.60 million, a price-to-earnings ratio of 13.26, a PEG ratio of 2.03 and a beta of 1.54. The company has a debt-to-equity ratio of 2.61, a quick ratio of 166.64 and a current ratio of 166.64. The firm has a 50-day simple moving average of $8.95 and a two-hundred day simple moving average of $8.77.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings data on Monday, June 6th. The company reported $0.27 EPS for the quarter. The firm had revenue of $40.06 million during the quarter. TPG RE Finance Trust had a net margin of 20.46% and a return on equity of 6.37%. On average, equities analysts forecast that TPG RE Finance Trust will post 0.99 EPS for the current fiscal year.

TPG RE Finance Trust declared that its board has initiated a share repurchase program on Thursday, September 4th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the company to purchase up to 3.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

TPG RE Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, December 26th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.1%. TPG RE Finance Trust’s dividend payout ratio is currently 147.69%.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.