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

TPG RE Finance Trust, Inc. (NYSE:TRTX) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $10.00.

Several research analysts have recently commented on TRTX shares. Weiss Ratings downgraded TPG RE Finance Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th. Wall Street Zen lowered TPG RE Finance Trust from a “hold” rating to a “sell” rating in a research note on Saturday, September 19th. JPMorgan Chase & Co. lifted their target price on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. UBS Group lowered shares of TPG RE Finance Trust to a “neutral” rating in a report on Thursday, September 17th. Finally, Citigroup reissued a “market outperform” rating on shares of TPG RE Finance Trust in a research report on Thursday, September 17th.

TPG RE Finance Trust Stock Performance

Shares of TRTX opened at $6.34 on Friday. TPG RE Finance Trust has a 52-week low of $6.18 and a 52-week high of $9.37. The stock’s 50-day simple moving average is $7.73 and its 200 day simple moving average is $8.10. The company has a debt-to-equity ratio of 3.30, a quick ratio of 200.26 and a current ratio of 200.26. The stock has a market capitalization of $487.03 million, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.03). TPG RE Finance Trust had a net margin of 17.03% and a return on equity of 6.85%. The business had revenue of $34.01 million during the quarter, compared to analysts’ expectations of $37.30 million. Research analysts forecast that TPG RE Finance Trust will post 0.92 EPS for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Monday, September 28th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 15.1%. The ex-dividend date is Monday, September 28th. TPG RE Finance Trust’s dividend payout ratio is currently 177.78%.

Institutional Investors Weigh In On TPG RE Finance Trust

Several hedge funds have recently bought and sold shares of TRTX. Bouchey Financial Group Ltd. lifted its position in TPG RE Finance Trust by 93.2% in the 2nd quarter. Bouchey Financial Group Ltd. now owns 126,761 shares of the company’s stock valued at $1,091,000 after acquiring an additional 61,145 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of TPG RE Finance Trust in the second quarter worth approximately $1,066,000. Van ECK Associates Corp boosted its stake in shares of TPG RE Finance Trust by 9.3% in the 2nd quarter. Van ECK Associates Corp now owns 816,098 shares of the company’s stock worth $6,831,000 after buying an additional 69,463 shares during the last quarter. Almitas Capital LLC purchased a new stake in shares of TPG RE Finance Trust in the second quarter worth $3,036,000. Finally, Bank of America Corp DE purchased a new position in shares of TPG RE Finance Trust during the second quarter worth approximately $2,265,000. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc is a real estate investment trust that originates, acquires and manages commercial real estate loans. The company primarily focuses on senior mortgage loans secured by institutional-quality properties in major U.S. markets.

Its portfolio may include loans backed by a range of commercial property types, such as multifamily, office, hospitality, industrial, retail and other commercial assets. TPG RE Finance Trust generally seeks to provide financing to owners and operators of income-producing real estate while managing credit, interest-rate and other investment risks.

The company was established in 2014 and is externally managed by TPG RE Finance Trust Management, LLC, an affiliate of global alternative asset manager TPG Inc Through its relationship with TPG, the company benefits from access to real estate investment and lending expertise.