TPG RE Finance Trust, Inc. (NYSE:TRTX – Get Free Report) 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
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.
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