Brokerages Set TPG RE Finance Trust, Inc. (NYSE:TRTX) Price Target at $9.83

TPG RE Finance Trust, Inc. (NYSE:TRTX) has received an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $9.8333.

A number of equities analysts have commented on TRTX shares. Citigroup raised shares of TPG RE Finance Trust from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 12th. Citizens Jmp raised shares of TPG RE Finance Trust from a “market perform” rating to an “outperform” rating and set a $10.00 price objective on the stock in a research report on Thursday, March 12th. Zacks Research upgraded shares of TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. reduced their target price on shares of TPG RE Finance Trust from $10.50 to $9.50 and set an “overweight” rating for the company in a report on Thursday, April 16th. Finally, Wells Fargo & Company reduced their price target on TPG RE Finance Trust from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th.

TPG RE Finance Trust Stock Performance

TRTX opened at $8.37 on Thursday. TPG RE Finance Trust has a 12-month low of $7.44 and a 12-month high of $9.85. The stock has a market cap of $646.70 million, a price-to-earnings ratio of 13.28, a PEG ratio of 1.45 and a beta of 1.44. The business has a 50 day moving average of $8.17 and a 200-day moving average of $8.67. The company has a quick ratio of 201.40, a current ratio of 201.40 and a debt-to-equity ratio of 3.11.

TPG RE Finance Trust (NYSE:TRTX) last posted its earnings results on Tuesday, April 28th. The company reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. TPG RE Finance Trust had a return on equity of 6.91% and a net margin of 19.38%.The business had revenue of $37.31 million for the quarter, compared to analyst estimates of $37.15 million. On average, equities research analysts expect that TPG RE Finance Trust will post 0.96 earnings per share for the current year.

TPG RE Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, March 27th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date of this dividend was Friday, March 27th. TPG RE Finance Trust’s payout ratio is presently 152.38%.

Hedge Funds Weigh In On TPG RE Finance Trust

Hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC bought a new stake in TPG RE Finance Trust in the 1st quarter valued at about $127,000. Goldman Sachs Group Inc. increased its holdings in shares of TPG RE Finance Trust by 5.1% during the first quarter. Goldman Sachs Group Inc. now owns 3,930,865 shares of the company’s stock worth $32,037,000 after purchasing an additional 192,126 shares during the period. Strs Ohio bought a new position in shares of TPG RE Finance Trust during the first quarter worth approximately $87,000. Rhumbline Advisers raised its position in shares of TPG RE Finance Trust by 27.3% in the second quarter. Rhumbline Advisers now owns 115,146 shares of the company’s stock valued at $889,000 after buying an additional 24,691 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of TPG RE Finance Trust by 11.9% in the second quarter. Hsbc Holdings PLC now owns 40,674 shares of the company’s stock valued at $312,000 after buying an additional 4,333 shares in the last quarter. 57.12% of the stock is owned by institutional investors.

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.