TPG RE Finance Trust (NYSE:TRTX) Sets New 12-Month Low – Here’s Why

TPG RE Finance Trust, Inc. (NYSE:TRTX) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $7.56 and last traded at $7.5270, with a volume of 26164 shares. The stock had previously closed at $7.65.

Analyst Upgrades and Downgrades

TRTX has been the subject of several research reports. Citigroup reaffirmed a “market outperform” rating on shares of TPG RE Finance Trust in a research report on Tuesday, June 9th. Weiss Ratings cut shares of TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. JPMorgan Chase & Co. raised their price objective on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, TPG RE Finance Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

TPG RE Finance Trust Stock Down 1.6%

The firm has a market cap of $577.69 million, a PE ratio of 13.94, a price-to-earnings-growth ratio of 1.70 and a beta of 1.42. The company has a quick ratio of 200.26, a current ratio of 200.26 and a debt-to-equity ratio of 3.30. The business has a 50-day moving average price of $8.14 and a two-hundred day moving average price of $8.24.

TPG RE Finance Trust (NYSE:TRTX) last released its earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $34.01 million during the quarter, compared to analysts’ expectations of $37.30 million. On average, equities research analysts expect that TPG RE Finance Trust, Inc. will post 0.92 EPS for the current year.

TPG RE Finance Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, June 26th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.8%. TPG RE Finance Trust’s payout ratio is currently 177.78%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TRTX. Bouchey Financial Group Ltd. raised its holdings in shares of 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 purchasing an additional 61,145 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in TPG RE Finance Trust in the second quarter valued at $1,066,000. California State Teachers Retirement System lifted its position in TPG RE Finance Trust by 708.0% in the second quarter. California State Teachers Retirement System now owns 540,434 shares of the company’s stock valued at $4,523,000 after acquiring an additional 473,551 shares during the last quarter. Van ECK Associates Corp boosted its stake in TPG RE Finance Trust by 9.3% in the second quarter. Van ECK Associates Corp now owns 816,098 shares of the company’s stock valued at $6,831,000 after acquiring an additional 69,463 shares in the last quarter. Finally, Almitas Capital LLC acquired a new position in TPG RE Finance Trust in the second quarter valued at $3,036,000. 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.