TPG RE Finance Trust, Inc. (NYSE:TRTX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $9.8333.

TRTX has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their price target on shares of TPG RE Finance Trust from $10.50 to $9.50 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Citigroup raised shares of TPG RE Finance Trust from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 12th. Zacks Research raised shares of TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TPG RE Finance Trust in a research note on Friday, May 22nd. Finally, Wells Fargo & Company reduced their price target on shares of TPG RE Finance Trust from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th.

TPG RE Finance Trust Price Performance

TPG RE Finance Trust stock opened at $8.39 on Monday. The firm has a 50-day moving average price of $8.18 and a 200-day moving average price of $8.61. The firm has a market capitalization of $648.94 million, a PE ratio of 13.32, a price-to-earnings-growth ratio of 1.69 and a beta of 1.42. The company has a current ratio of 201.40, a quick ratio of 201.40 and a debt-to-equity ratio of 3.11. TPG RE Finance Trust has a 12-month low of $7.48 and a 12-month high of $9.85.

TPG RE Finance Trust (NYSE:TRTX) last released its earnings results on Tuesday, April 28th. The company reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. The firm had revenue of $37.31 million during the quarter, compared to analyst estimates of $37.15 million. TPG RE Finance Trust had a net margin of 19.38% and a return on equity of 6.91%. As a group, equities research analysts forecast that TPG RE Finance Trust will post 0.94 EPS for the current year.

TPG RE Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, March 27th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 11.4%. The ex-dividend date of this dividend was Friday, March 27th. TPG RE Finance Trust’s dividend payout ratio (DPR) is currently 152.38%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its position in TPG RE Finance Trust by 0.5% during the 3rd quarter. Van ECK Associates Corp now owns 530,776 shares of the company’s stock valued at $4,543,000 after purchasing an additional 2,379 shares during the period. The Manufacturers Life Insurance Company increased its position in TPG RE Finance Trust by 14.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,164 shares of the company’s stock valued at $187,000 after purchasing an additional 2,985 shares during the period. BNP Paribas Financial Markets increased its position in TPG RE Finance Trust by 86.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock valued at $50,000 after purchasing an additional 3,013 shares during the period. Royal Bank of Canada increased its position in TPG RE Finance Trust by 3.8% during the 4th quarter. Royal Bank of Canada now owns 90,818 shares of the company’s stock valued at $781,000 after purchasing an additional 3,311 shares during the period. Finally, Kemnay Advisory Services Inc. purchased a new position in TPG RE Finance Trust during the 4th quarter valued at about $30,000. 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.