Analysts Set TPG RE Finance Trust, Inc. (NYSE:TRTX) Target Price at $9.08

TPG RE Finance Trust, Inc. (NYSE:TRTX) has received a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $9.08.

Separately, JPMorgan Chase & Co. upgraded shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $9.00 to $9.50 in a research note on Thursday, October 17th.

Institutional Trading of TPG RE Finance Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Long Pond Capital LP lifted its holdings in shares of TPG RE Finance Trust by 32.4% in the second quarter. Long Pond Capital LP now owns 2,852,894 shares of the company’s stock valued at $24,649,000 after purchasing an additional 697,736 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of TPG RE Finance Trust by 1.3% in the third quarter. Citigroup Inc. now owns 1,901,741 shares of the company’s stock valued at $16,222,000 after purchasing an additional 25,115 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of TPG RE Finance Trust by 6.5% in the third quarter. Geode Capital Management LLC now owns 1,456,883 shares of the company’s stock valued at $12,430,000 after purchasing an additional 88,592 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of TPG RE Finance Trust by 162.0% in the third quarter. Two Sigma Advisers LP now owns 1,282,500 shares of the company’s stock valued at $10,940,000 after purchasing an additional 793,000 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of TPG RE Finance Trust by 30.3% in the second quarter. Millennium Management LLC now owns 1,174,646 shares of the company’s stock valued at $10,149,000 after purchasing an additional 273,086 shares in the last quarter. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Trading Up 0.2 %

Shares of TPG RE Finance Trust stock opened at $8.52 on Friday. TPG RE Finance Trust has a 52-week low of $5.12 and a 52-week high of $9.66. The company has a quick ratio of 152.83, a current ratio of 152.83 and a debt-to-equity ratio of 2.03. The company’s 50-day simple moving average is $8.77 and its 200-day simple moving average is $8.73. The firm has a market cap of $689.28 million, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 0.24 and a beta of 2.17.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, December 27th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, December 27th. This represents a $0.96 annualized dividend and a yield of 11.27%. TPG RE Finance Trust’s payout ratio is currently 139.13%.

About TPG RE Finance Trust

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.