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

TPG RE Finance Trust, Inc. (NYSE:TRTX) has earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $9.08.

A number of research firms have recently commented on TRTX. JPMorgan Chase & Co. raised shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $9.00 to $9.50 in a report on Thursday, October 17th. JMP Securities increased their price objective on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 21st.

TPG RE Finance Trust Trading Up 1.1 %

TPG RE Finance Trust stock opened at $8.88 on Friday. The stock has a market cap of $718.64 million, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 0.25 and a beta of 2.18. TPG RE Finance Trust has a 12 month low of $5.12 and a 12 month high of $9.66. The business has a 50 day moving average price of $8.63 and a two-hundred day moving average price of $8.68. The company has a quick ratio of 152.83, a current ratio of 152.83 and a debt-to-equity ratio of 2.03.

TPG RE Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, September 27th were issued a $0.24 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.96 dividend on an annualized basis and a yield of 10.81%. TPG RE Finance Trust’s dividend payout ratio is presently 139.13%.

Hedge Funds Weigh In On TPG RE Finance Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Long Pond Capital LP raised its holdings in shares of TPG RE Finance Trust by 32.4% during the second quarter. Long Pond Capital LP now owns 2,852,894 shares of the company’s stock worth $24,649,000 after acquiring an additional 697,736 shares during the period. Citigroup Inc. grew its position in shares of TPG RE Finance Trust by 1.3% in the 3rd quarter. Citigroup Inc. now owns 1,901,741 shares of the company’s stock valued at $16,222,000 after acquiring an additional 25,115 shares during the period. Geode Capital Management LLC increased its position in TPG RE Finance Trust by 6.5% during the third quarter. Geode Capital Management LLC now owns 1,456,883 shares of the company’s stock worth $12,430,000 after buying an additional 88,592 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of TPG RE Finance Trust by 162.0% during the 3rd quarter. Two Sigma Advisers LP now owns 1,282,500 shares of the company’s stock worth $10,940,000 after acquiring an additional 793,000 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of TPG RE Finance Trust by 30.3% in the second quarter. Millennium Management LLC now owns 1,174,646 shares of the company’s stock valued at $10,149,000 after purchasing an additional 273,086 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.