TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives $7.88 Average Target Price from Brokerages

TPG RE Finance Trust, Inc. (NYSE:TRTX) has been assigned an average rating of “Hold” from the five analysts that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $7.88.

Several research analysts have weighed in on the company. TheStreet lowered TPG RE Finance Trust from a “c-” rating to a “d” rating in a report on Thursday, August 17th. JPMorgan Chase & Co. boosted their price objective on TPG RE Finance Trust from $6.50 to $7.50 in a research report on Monday, July 24th.

Institutional Trading of TPG RE Finance Trust

A number of institutional investors have recently made changes to their positions in the business. Alliancebernstein L.P. grew its stake in TPG RE Finance Trust by 19.4% in the second quarter. Alliancebernstein L.P. now owns 62,230 shares of the company’s stock valued at $461,000 after purchasing an additional 10,130 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of TPG RE Finance Trust by 93.8% in the 2nd quarter. Wells Fargo & Company MN now owns 28,963 shares of the company’s stock valued at $215,000 after buying an additional 14,022 shares during the last quarter. State of Wisconsin Investment Board grew its stake in shares of TPG RE Finance Trust by 8.0% in the second quarter. State of Wisconsin Investment Board now owns 103,977 shares of the company’s stock valued at $770,000 after buying an additional 7,735 shares in the last quarter. Credit Suisse AG increased its holdings in TPG RE Finance Trust by 32.3% during the second quarter. Credit Suisse AG now owns 82,895 shares of the company’s stock worth $614,000 after buying an additional 20,258 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in TPG RE Finance Trust by 0.9% in the second quarter. BlackRock Inc. now owns 5,556,481 shares of the company’s stock valued at $41,174,000 after acquiring an additional 49,289 shares during the last quarter. Institutional investors own 57.19% of the company’s stock.

TPG RE Finance Trust Trading Down 0.9 %

Shares of TRTX stock opened at $7.59 on Tuesday. The company has a debt-to-equity ratio of 2.63, a current ratio of 110.25 and a quick ratio of 110.25. TPG RE Finance Trust has a 12-month low of $5.14 and a 12-month high of $9.23. The firm has a fifty day moving average of $7.30 and a 200-day moving average of $7.09.

TPG RE Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Thursday, September 28th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, September 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.65%. TPG RE Finance Trust’s payout ratio is presently -48.24%.

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.