TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives Consensus Rating of “Buy” from Brokerages

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have received a consensus rating of “Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $9.40.

Separately, JPMorgan Chase & Co. cut their price target on TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating for the company in a research note on Tuesday, January 21st.

TPG RE Finance Trust Stock Up 1.6 %

TPG RE Finance Trust stock opened at $8.59 on Monday. The firm has a 50 day moving average price of $8.48 and a 200-day moving average price of $8.66. The company has a quick ratio of 152.83, a current ratio of 156.81 and a debt-to-equity ratio of 2.14. TPG RE Finance Trust has a twelve month low of $6.99 and a twelve month high of $9.66. The company has a market capitalization of $695.42 million, a P/E ratio of 11.45, a P/E/G ratio of 0.25 and a beta of 2.23.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.18). TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. The firm had revenue of $34.74 million for the quarter, compared to the consensus estimate of $27.98 million. As a group, equities analysts predict that TPG RE Finance Trust will post 0.99 EPS for the current year.

TPG RE Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, December 27th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.96 annualized dividend and a dividend yield of 11.18%. TPG RE Finance Trust’s dividend payout ratio is currently 128.00%.

Hedge Funds Weigh In On TPG RE Finance Trust

Hedge funds have recently made changes to their positions in the stock. Summit Global Investments purchased a new stake in TPG RE Finance Trust during the 3rd quarter worth about $585,000. Los Angeles Capital Management LLC lifted its holdings in shares of TPG RE Finance Trust by 9.2% in the third quarter. Los Angeles Capital Management LLC now owns 154,722 shares of the company’s stock worth $1,320,000 after buying an additional 13,048 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in shares of TPG RE Finance Trust by 882.6% in the third quarter. GSA Capital Partners LLP now owns 206,078 shares of the company’s stock worth $1,758,000 after buying an additional 185,105 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of TPG RE Finance Trust by 88.3% in the third quarter. Meeder Asset Management Inc. now owns 5,847 shares of the company’s stock valued at $50,000 after acquiring an additional 2,742 shares during the period. Finally, Segall Bryant & Hamill LLC purchased a new position in TPG RE Finance Trust during the third quarter valued at approximately $2,318,000. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

TPG RE Finance Trust Company Profile

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.