TPG RE Finance Trust Inc (NYSE:TRTX) Given Average Rating of “Buy” by Brokerages

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Shares of TPG RE Finance Trust Inc (NYSE:TRTX) have earned a consensus rating of “Buy” from the seven analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $11.50.

Several brokerages recently commented on TRTX. Wells Fargo & Co cut their price target on shares of TPG RE Finance Trust from $22.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. ValuEngine upgraded shares of TPG RE Finance Trust from a “hold” rating to a “buy” rating in a report on Thursday, May 14th. Zacks Investment Research upgraded shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Friday, June 26th. Citigroup upped their price target on shares of TPG RE Finance Trust from $4.00 to $6.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Finally, JMP Securities cut their price target on shares of TPG RE Finance Trust from $21.00 to $8.00 and set an “outperform” rating on the stock in a report on Monday, April 6th.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asset Management L.P. acquired a new stake in TPG RE Finance Trust during the fourth quarter worth about $32,000. Great West Life Assurance Co. Can acquired a new stake in shares of TPG RE Finance Trust during the fourth quarter valued at about $58,000. US Bancorp DE grew its holdings in shares of TPG RE Finance Trust by 211.1% in the fourth quarter. US Bancorp DE now owns 3,307 shares of the company’s stock valued at $67,000 after purchasing an additional 2,244 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of TPG RE Finance Trust by 43.3% in the fourth quarter. Bank of Montreal Can now owns 6,230 shares of the company’s stock valued at $126,000 after purchasing an additional 1,881 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of TPG RE Finance Trust by 171.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,326 shares of the company’s stock valued at $51,000 after purchasing an additional 5,896 shares in the last quarter. 59.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of TPG RE Finance Trust stock traded down $0.36 during trading hours on Friday, reaching $7.94. The company’s stock had a trading volume of 38,876 shares, compared to its average volume of 1,716,410. The firm has a 50 day moving average price of $8.03 and a 200-day moving average price of $13.21. TPG RE Finance Trust has a one year low of $2.45 and a one year high of $21.30. The company has a debt-to-equity ratio of 3.62, a current ratio of 225.54 and a quick ratio of 225.54. The stock has a market cap of $626.61 million, a P/E ratio of -4.66 and a beta of 1.96.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, June 26th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, June 25th. This represents a $0.80 annualized dividend and a yield of 10.08%. TPG RE Finance Trust’s dividend payout ratio is presently 45.45%.

TPG RE Finance Trust Company Profile

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 North America. It invests in commercial mortgage loans; and subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments secured by properties primarily in the office, mixed use, multifamily, industrial, retail, and hospitality real estate sectors.

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Analyst Recommendations for TPG RE Finance Trust (NYSE:TRTX)

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