TPG RE Finance Trust (NYSE:TRTX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TPG RE Finance Trust (NYSE:TRTX) from a sell rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of TPG RE Finance Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Citigroup reiterated a “market outperform” rating on shares of TPG RE Finance Trust in a report on Thursday, September 17th. JPMorgan Chase & Co. lifted their price target on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Finally, UBS Group cut shares of TPG RE Finance Trust to a “neutral” rating in a research note on Thursday, September 17th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

TPG RE Finance Trust Trading Up 0.3%

Shares of TRTX stock opened at $5.81 on Friday. The firm has a market cap of $445.73 million, a P/E ratio of 10.75, a PEG ratio of 1.28 and a beta of 1.47. TPG RE Finance Trust has a 1-year low of $5.60 and a 1-year high of $9.37. The company has a debt-to-equity ratio of 3.30, a current ratio of 200.26 and a quick ratio of 200.26. The firm’s 50-day simple moving average is $7.09 and its 200-day simple moving average is $7.90.

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 the consensus estimate of $0.26 by ($0.03). TPG RE Finance Trust had a return on equity of 6.85% and a net margin of 17.03%. The company had revenue of $34.01 million during the quarter, compared to analyst estimates of $37.30 million. As a group, equities analysts forecast that TPG RE Finance Trust will post 0.92 EPS for the current year.

TPG RE Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Monday, September 28th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 16.5%. The ex-dividend date is Monday, September 28th. TPG RE Finance Trust’s dividend payout ratio (DPR) is 177.78%.

Hedge Funds Weigh In On TPG RE Finance Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in TPG RE Finance Trust in the second quarter valued at approximately $54,386,000. Arrowstreet Capital Limited Partnership lifted its position in TPG RE Finance Trust by 60.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 929,566 shares of the company’s stock valued at $7,260,000 after buying an additional 350,020 shares in the last quarter. Van ECK Associates Corp grew its stake in TPG RE Finance Trust by 9.3% during the second quarter. Van ECK Associates Corp now owns 816,098 shares of the company’s stock worth $6,831,000 after buying an additional 69,463 shares during the period. Almitas Capital LLC purchased a new stake in TPG RE Finance Trust during the second quarter worth approximately $3,036,000. Finally, Bank of America Corp DE acquired a new stake in shares of TPG RE Finance Trust in the second quarter worth $2,265,000. 57.12% of the stock is owned by institutional investors and hedge funds.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc (NYSE: TRTX) is a real estate finance company organized as a mortgage real estate investment trust. The company focuses on originating, acquiring and managing commercial real estate loans, with an emphasis on senior mortgage loans secured by institutional-quality properties.

Its lending activities primarily support transitional commercial properties, which are assets undergoing renovation, repositioning, lease-up or other improvements intended to enhance their value and cash flow.