TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives $9.08 Consensus Target Price from Analysts

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

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

Institutional Investors Weigh In On TPG RE Finance Trust

Several hedge funds have recently modified their holdings of the business. Two Sigma Advisers LP raised its stake in 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 valued at $10,940,000 after purchasing an additional 793,000 shares during the last quarter. Long Pond Capital LP increased its holdings in shares of TPG RE Finance Trust by 32.4% during the 2nd quarter. Long Pond Capital LP now owns 2,852,894 shares of the company’s stock worth $24,649,000 after purchasing an additional 697,736 shares during the period. Millennium Management LLC raised its position in shares of TPG RE Finance Trust by 30.3% during the second quarter. Millennium Management LLC now owns 1,174,646 shares of the company’s stock valued at $10,149,000 after buying an additional 273,086 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of TPG RE Finance Trust in the third quarter valued at about $2,328,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in TPG RE Finance Trust during the third quarter worth about $2,318,000. 57.12% of the stock is owned by institutional investors.

TPG RE Finance Trust Trading Down 0.1 %

NYSE:TRTX opened at $8.53 on Friday. The business has a 50 day simple moving average of $8.79 and a 200 day simple moving average of $8.73. The firm has a market capitalization of $689.93 million, a P/E ratio of 12.36, a P/E/G ratio of 0.24 and a beta of 2.17. The company has a debt-to-equity ratio of 2.03, a current ratio of 152.83 and a quick ratio of 152.83. TPG RE Finance Trust has a 12-month low of $5.12 and a 12-month high of $9.66.

TPG RE Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, December 27th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 11.26%. The ex-dividend date is Friday, December 27th. TPG RE Finance Trust’s dividend payout ratio is currently 139.13%.

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.