Brokerages Set TPG RE Finance Trust, Inc. (NYSE:TRTX) Price Target at $9.08

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

Several equities research analysts have weighed in on TRTX shares. JPMorgan Chase & Co. raised shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $9.00 to $9.50 in a research note on Thursday, October 17th. JMP Securities upped their price target on TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 21st.

TPG RE Finance Trust Stock Performance

NYSE:TRTX opened at $9.03 on Friday. 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 has a twelve month low of $5.12 and a twelve month high of $9.66. The company has a fifty day moving average of $8.64 and a 200-day moving average of $8.68. The firm has a market capitalization of $730.80 million, a P/E ratio of 13.09, a P/E/G ratio of 0.25 and a beta of 2.18.

TPG RE Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, September 27th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, September 27th. This represents a $0.96 dividend on an annualized basis and a yield of 10.63%. TPG RE Finance Trust’s dividend payout ratio (DPR) is currently 139.13%.

Institutional Investors Weigh In On TPG RE Finance Trust

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

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.