TPG RE Finance Trust, Inc. (NYSE:TRTX) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

TPG RE Finance Trust, Inc. (NYSE:TRTX) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $10.00.

TRTX has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Wall Street Zen lowered shares of TPG RE Finance Trust from a “hold” rating to a “sell” rating in a research note on Saturday, September 19th. Citigroup reiterated a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Thursday, September 17th. UBS Group cut shares of TPG RE Finance Trust to a “neutral” rating in a report on Thursday, September 17th. Finally, Weiss Ratings downgraded shares of TPG RE Finance Trust from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 18th.

TPG RE Finance Trust Trading Up 1.3%

Shares of TRTX stock opened at $6.34 on Friday. The company has a market capitalization of $486.65 million, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 1.38 and a beta of 1.47. The company has a current ratio of 200.26, a quick ratio of 200.26 and a debt-to-equity ratio of 3.30. The business’s 50 day moving average is $7.64 and its two-hundred day moving average is $8.08. TPG RE Finance Trust has a twelve month low of $6.16 and a twelve month high of $9.37.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 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 for the quarter, compared to analysts’ expectations of $37.30 million. Equities analysts forecast that TPG RE Finance Trust will post 0.92 EPS for the current year.

TPG RE Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Monday, September 28th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 15.1%. The ex-dividend date of this dividend is Monday, September 28th. TPG RE Finance Trust’s dividend payout ratio is 177.78%.

Institutional Investors Weigh In On TPG RE Finance Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new stake in shares of TPG RE Finance Trust in the 2nd quarter worth approximately $1,768,000. Arrowstreet Capital Limited Partnership raised its holdings 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 worth $7,260,000 after purchasing an additional 350,020 shares during the last quarter. Almitas Capital LLC acquired a new position in TPG RE Finance Trust during the second quarter worth $3,036,000. BlackRock Inc. purchased a new stake in TPG RE Finance Trust during the second quarter worth $54,386,000. Finally, Van ECK Associates Corp boosted its position 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 purchasing an additional 69,463 shares in the last quarter. Institutional investors and hedge funds own 57.12% of the company’s stock.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc is a real estate investment trust that originates, acquires and manages commercial real estate loans. The company primarily focuses on senior mortgage loans secured by institutional-quality properties in major U.S. markets.

Its portfolio may include loans backed by a range of commercial property types, such as multifamily, office, hospitality, industrial, retail and other commercial assets. TPG RE Finance Trust generally seeks to provide financing to owners and operators of income-producing real estate while managing credit, interest-rate and other investment risks.

The company was established in 2014 and is externally managed by TPG RE Finance Trust Management, LLC, an affiliate of global alternative asset manager TPG Inc Through its relationship with TPG, the company benefits from access to real estate investment and lending expertise.