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

TPG RE Finance Trust, Inc. (NYSE:TRTX) has received an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $8.92.

Separately, JPMorgan Chase & Co. lowered their price target on shares of TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st.

TPG RE Finance Trust Stock Performance

Shares of TRTX stock opened at $8.58 on Thursday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 152.83 and a current ratio of 152.83. The firm has a market cap of $694.38 million, a price-to-earnings ratio of 12.43, a P/E/G ratio of 0.27 and a beta of 2.16. TPG RE Finance Trust has a 52 week low of $5.12 and a 52 week high of $9.66. The firm’s 50-day simple moving average is $8.59 and its two-hundred day simple moving average is $8.66.

TPG RE Finance Trust Announces Dividend

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

Institutional Trading of TPG RE Finance Trust

A number of institutional investors have recently modified their holdings of TRTX. Vanguard Group Inc. raised its holdings in TPG RE Finance Trust by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 4,939,620 shares of the company’s stock valued at $41,987,000 after acquiring an additional 63,529 shares during the period. Citigroup Inc. boosted its stake in TPG RE Finance Trust by 1.3% during the third quarter. Citigroup Inc. now owns 1,901,741 shares of the company’s stock valued at $16,222,000 after buying an additional 25,115 shares during the period. Geode Capital Management LLC grew its position in TPG RE Finance Trust by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,464,001 shares of the company’s stock worth $12,447,000 after buying an additional 7,118 shares in the last quarter. Two Sigma Advisers LP increased its stake in TPG RE Finance Trust by 162.0% in 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 holdings in shares of TPG RE Finance Trust by 30.3% in the 2nd quarter. Millennium Management LLC now owns 1,174,646 shares of the company’s stock valued at $10,149,000 after acquiring an additional 273,086 shares in the last quarter. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

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.