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

TPG RE Finance Trust, Inc. (NYSE:TRTX) has received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $9.08.

Separately, JPMorgan Chase & Co. raised shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $9.00 to $9.50 in a research report on Thursday, October 17th.

TPG RE Finance Trust Trading Down 1.9 %

TRTX opened at $8.34 on Friday. The firm’s 50 day moving average is $8.81 and its 200-day moving average is $8.73. TPG RE Finance Trust has a 52-week low of $5.12 and a 52-week high of $9.66. The company has a quick ratio of 152.83, a current ratio of 152.83 and a debt-to-equity ratio of 2.03. The firm has a market capitalization of $674.94 million, a P/E ratio of 12.09, a P/E/G ratio of 0.25 and a beta of 2.17.

TPG RE Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, December 27th 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 11.51%. The ex-dividend date of this dividend is Friday, December 27th. TPG RE Finance Trust’s dividend payout ratio is currently 139.13%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new stake in TPG RE Finance Trust in the 2nd quarter valued at about $27,000. McIlrath & Eck LLC acquired a new position in shares of TPG RE Finance Trust in the 3rd quarter worth approximately $58,000. Quarry LP raised its holdings in shares of TPG RE Finance Trust by 1,731.6% in the 2nd quarter. Quarry LP now owns 7,363 shares of the company’s stock worth $64,000 after purchasing an additional 6,961 shares in the last quarter. Zacks Investment Management acquired a new stake in TPG RE Finance Trust during the third quarter valued at approximately $94,000. Finally, Mackenzie Financial Corp bought a new stake in TPG RE Finance Trust during the second quarter worth approximately $95,000. Institutional investors and hedge funds own 57.12% of the company’s stock.

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 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.