TPG RE Finance Trust, Inc. (NYSE:TRTX) Stock Has Consensus Target Price of $10.00

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $9.33.

A number of brokerages have commented on TRTX. Wall Street Zen upgraded TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. JPMorgan Chase & Co. increased their price target on 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. Citigroup reissued a “market outperform” rating on shares of TPG RE Finance Trust in a report on Thursday, September 17th. Wells Fargo & Company reduced their price objective on TPG RE Finance Trust from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Weiss Ratings cut shares of TPG RE Finance Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 16th.

Institutional Investors Weigh In On TPG RE Finance Trust

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of TPG RE Finance Trust in the 2nd quarter valued at approximately $54,386,000. Almitas Capital LLC bought a new stake in TPG RE Finance Trust during the second quarter worth approximately $3,036,000. Arrowstreet Capital Limited Partnership boosted 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 worth $7,260,000 after purchasing an additional 350,020 shares during the period. Bank of America Corp DE bought a new stake in TPG RE Finance Trust during the second quarter worth approximately $2,265,000. Finally, Bank of New York Mellon Corp acquired a new position in TPG RE Finance Trust during the second quarter valued at approximately $1,768,000. 57.12% of the stock is currently owned by institutional investors and hedge funds.

TPG RE Finance Trust Trading Up 2.9%

TPG RE Finance Trust stock opened at $6.49 on Thursday. TPG RE Finance Trust has a 1 year low of $5.60 and a 1 year high of $9.37. The firm’s 50-day moving average is $6.84 and its 200-day moving average is $8.03. The company has a debt-to-equity ratio of 3.30, a quick ratio of 200.26 and a current ratio of 200.26. The company has a market cap of $497.85 million, a P/E ratio of 16.63, a PEG ratio of 1.38 and a beta of 1.47.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings data on Monday, October 26th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.18). The business had revenue of $35.92 million for the quarter, compared to the consensus estimate of $37.10 million. TPG RE Finance Trust had a net margin of 17.03% and a return on equity of 6.85%. On average, equities analysts expect that TPG RE Finance Trust will post 0.92 earnings per share for the current year.

TPG RE Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, September 28th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 14.8%. The ex-dividend date was Monday, September 28th. TPG RE Finance Trust’s payout ratio is presently 246.15%.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc is a commercial real estate finance company that operates as a real estate investment trust (REIT). The company originates, acquires and manages commercial mortgage loans secured primarily by properties in the United States.

Its portfolio is focused on transitional senior loans, which finance commercial properties undergoing lease-up, renovation, redevelopment or repositioning. These loans are generally secured by institutional-quality real estate across property types such as multifamily, office, hotel, industrial and retail.

TPG RE Finance Trust was formed in 2014 and completed its initial public offering in 2017.