TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives $10.75 Average Target Price from Brokerages

TPG RE Finance Trust, Inc. (NYSE:TRTX) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $10.75.

TRTX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of TPG RE Finance Trust from $10.00 to $10.50 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Zacks Research cut shares of TPG RE Finance Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Finally, Weiss Ratings lowered TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th.

TPG RE Finance Trust Price Performance

Shares of NYSE:TRTX opened at $8.85 on Friday. The company has a market capitalization of $692.21 million, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 1.70 and a beta of 1.53. The company’s 50-day moving average is $9.01 and its 200 day moving average is $8.99. The company has a debt-to-equity ratio of 2.61, a quick ratio of 166.64 and a current ratio of 166.64. TPG RE Finance Trust has a fifty-two week low of $6.47 and a fifty-two week high of $9.85.

TPG RE Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, December 26th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date of this dividend was Friday, December 26th. TPG RE Finance Trust’s dividend payout ratio is currently 147.69%.

Institutional Investors Weigh In On TPG RE Finance Trust

Several large investors have recently added to or reduced their stakes in TRTX. State of New Jersey Common Pension Fund A bought a new position in TPG RE Finance Trust in the 3rd quarter worth about $26,957,000. Geode Capital Management LLC lifted its holdings in shares of TPG RE Finance Trust by 7.6% in the second quarter. Geode Capital Management LLC now owns 1,639,667 shares of the company’s stock worth $12,660,000 after buying an additional 115,707 shares in the last quarter. Condor Capital Management boosted its position in shares of TPG RE Finance Trust by 33.7% in the second quarter. Condor Capital Management now owns 620,539 shares of the company’s stock valued at $4,791,000 after acquiring an additional 156,309 shares during the period. Dimension Capital Management LLC boosted its position in shares of TPG RE Finance Trust by 390.4% in the second quarter. Dimension Capital Management LLC now owns 459,723 shares of the company’s stock valued at $3,549,000 after acquiring an additional 365,971 shares during the period. Finally, Norges Bank purchased a new position in TPG RE Finance Trust during the second quarter valued at approximately $2,410,000. Hedge funds and other institutional investors own 57.12% of the company’s stock.

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.