TPG RE Finance Trust’s (TRTX) “Neutral” Rating Reiterated at Bank of America

Bank of America reiterated their neutral rating on shares of TPG RE Finance Trust (NYSE:TRTXGet Rating) in a research report released on Monday morning, MarketBeat.com reports. Bank of America currently has a $8.00 target price on the stock.

Several other equities research analysts have also recently weighed in on TRTX. BTIG Research cut shares of TPG RE Finance Trust from a buy rating to a neutral rating in a research report on Wednesday, November 2nd. JPMorgan Chase & Co. lowered their price target on shares of TPG RE Finance Trust from $9.00 to $8.00 and set a neutral rating for the company in a research report on Thursday, November 3rd. Finally, Raymond James lowered their price target on shares of TPG RE Finance Trust from $11.50 to $11.00 and set a strong-buy rating for the company in a research report on Thursday, November 3rd. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $10.40.

TPG RE Finance Trust Stock Performance

TRTX opened at $7.19 on Monday. The company has a debt-to-equity ratio of 2.86, a quick ratio of 177.12 and a current ratio of 177.12. TPG RE Finance Trust has a 1-year low of $6.31 and a 1-year high of $13.38. The firm has a 50-day moving average price of $7.56 and a two-hundred day moving average price of $9.06.

TPG RE Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 25th. Investors of record on Wednesday, September 28th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 13.35%. The ex-dividend date of this dividend was Tuesday, September 27th. TPG RE Finance Trust’s dividend payout ratio is currently -110.34%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TRTX. Wipfli Financial Advisors LLC acquired a new position in TPG RE Finance Trust during the third quarter valued at approximately $25,000. Lazard Asset Management LLC bought a new position in TPG RE Finance Trust in the first quarter valued at approximately $32,000. Tower Research Capital LLC TRC lifted its stake in TPG RE Finance Trust by 168.9% in the third quarter. Tower Research Capital LLC TRC now owns 4,808 shares of the company’s stock valued at $34,000 after buying an additional 3,020 shares in the last quarter. Acadian Asset Management LLC bought a new position in TPG RE Finance Trust in the first quarter valued at approximately $53,000. Finally, Catalyst Capital Advisors LLC lifted its stake in TPG RE Finance Trust by 23.0% in the third quarter. Catalyst Capital Advisors LLC now owns 8,440 shares of the company’s stock valued at $59,000 after buying an additional 1,580 shares in the last quarter. Institutional investors and hedge funds own 57.36% of the company’s stock.

TPG RE Finance Trust Company Profile

(Get Rating)

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 office, multifamily, life science, mixed-use, hospitality, industrial, and retail real estate sectors.

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

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