Brokerages Set TPG RE Finance Trust, Inc. (NYSE:TRTX) PT at $7.70

TPG RE Finance Trust, Inc. (NYSE:TRTXGet Free Report) has earned a consensus rating of “Hold” from the five research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $8.10.

A number of research firms recently weighed in on TRTX. JPMorgan Chase & Co. lifted their price target on TPG RE Finance Trust from $7.00 to $7.50 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Raymond James downgraded TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 target price on the stock. in a research report on Friday, April 12th. Bank of America reiterated an “underperform” rating and set a $6.50 target price on shares of TPG RE Finance Trust in a research report on Monday, March 4th. Finally, Wells Fargo & Company boosted their target price on TPG RE Finance Trust from $7.00 to $9.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th.

Check Out Our Latest Stock Report on TPG RE Finance Trust

Insiders Place Their Bets

In other TPG RE Finance Trust news, major shareholder Starwood Capital Group Global sold 9,352,941 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $8.84, for a total transaction of $82,679,998.44. Following the completion of the sale, the insider now directly owns 2,647,059 shares in the company, valued at $23,400,001.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TPG RE Finance Trust

A number of large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its stake in shares of TPG RE Finance Trust by 4.7% in the first quarter. BNP Paribas Financial Markets now owns 56,807 shares of the company’s stock valued at $439,000 after buying an additional 2,552 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of TPG RE Finance Trust by 51.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,186 shares of the company’s stock valued at $99,000 after buying an additional 5,128 shares in the last quarter. TFO Wealth Partners LLC grew its stake in shares of TPG RE Finance Trust by 35,280.0% in the fourth quarter. TFO Wealth Partners LLC now owns 7,076 shares of the company’s stock valued at $46,000 after buying an additional 7,056 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of TPG RE Finance Trust by 29.2% in the fourth quarter. SG Americas Securities LLC now owns 35,403 shares of the company’s stock valued at $230,000 after buying an additional 8,007 shares in the last quarter. Finally, Penserra Capital Management LLC grew its stake in shares of TPG RE Finance Trust by 14.4% in the third quarter. Penserra Capital Management LLC now owns 77,743 shares of the company’s stock valued at $523,000 after buying an additional 9,805 shares in the last quarter. Institutional investors and hedge funds own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Performance

NYSE:TRTX opened at $8.61 on Tuesday. The company has a debt-to-equity ratio of 2.25, a current ratio of 138.05 and a quick ratio of 138.05. The stock’s 50 day simple moving average is $7.76 and its 200-day simple moving average is $6.71. TPG RE Finance Trust has a 12-month low of $4.64 and a 12-month high of $8.89.

TPG RE Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, March 28th were paid a $0.24 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.96 annualized dividend and a yield of 11.15%. TPG RE Finance Trust’s payout ratio is currently -61.15%.

TPG RE Finance Trust Company Profile

(Get Free Report

TPG RE Finance Trust, Inc, a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.

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Analyst Recommendations for TPG RE Finance Trust (NYSE:TRTX)

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