TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives $8.92 Consensus Target Price from Brokerages

TPG RE Finance Trust, Inc. (NYSE:TRTX) has received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $8.92.

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

TPG RE Finance Trust Stock Down 0.3 %

Shares of NYSE:TRTX opened at $8.58 on Thursday. The firm has a market capitalization of $694.38 million, a PE ratio of 12.43, a price-to-earnings-growth ratio of 0.27 and a beta of 2.16. The company has a debt-to-equity ratio of 2.03, a quick ratio of 152.83 and a current ratio of 152.83. TPG RE Finance Trust has a 52-week low of $5.12 and a 52-week high of $9.66. The firm has a fifty day moving average of $8.59 and a 200 day moving average of $8.66.

TPG RE Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, December 27th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 11.19%. The ex-dividend date was Friday, December 27th. TPG RE Finance Trust’s dividend payout ratio is currently 139.13%.

Institutional Trading of TPG RE Finance Trust

Several hedge funds have recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. increased its holdings in shares of TPG RE Finance Trust by 20.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company’s stock worth $131,000 after buying an additional 2,623 shares during the period. Meeder Asset Management Inc. grew its position in TPG RE Finance Trust by 88.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 5,847 shares of the company’s stock worth $50,000 after acquiring an additional 2,742 shares during the last quarter. Cerity Partners LLC grew its position in TPG RE Finance Trust by 6.4% during the 3rd quarter. Cerity Partners LLC now owns 68,991 shares of the company’s stock worth $588,000 after acquiring an additional 4,158 shares during the last quarter. Bank of New York Mellon Corp lifted its position in TPG RE Finance Trust by 2.5% in the fourth quarter. Bank of New York Mellon Corp now owns 181,368 shares of the company’s stock valued at $1,542,000 after purchasing an additional 4,468 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of TPG RE Finance Trust by 19.3% during the fourth quarter. SG Americas Securities LLC now owns 30,596 shares of the company’s stock valued at $260,000 after purchasing an additional 4,944 shares during the period. 57.12% of the stock is owned by institutional investors.

About TPG RE Finance Trust

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.