TPG RE Finance Trust (NYSE:TRTX) Sets New 12-Month High at $7.98

TPG RE Finance Trust, Inc. (NYSE:TRTXGet Free Report) reached a new 52-week high on Thursday . The stock traded as high as $7.98 and last traded at $7.98, with a volume of 26566 shares trading hands. The stock had previously closed at $7.82.

Analysts Set New Price Targets

TRTX has been the topic of several recent research reports. Wells Fargo & Company raised their target price on TPG RE Finance Trust from $6.00 to $7.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Raymond James cut their target price on TPG RE Finance Trust from $9.00 to $8.50 and set a “strong-buy” rating on the stock in a report on Thursday, November 30th. Finally, Bank of America restated an “underperform” rating and set a $6.50 target price on shares of TPG RE Finance Trust in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $7.33.

Check Out Our Latest Stock Report on TRTX

TPG RE Finance Trust Stock Performance

The company has a debt-to-equity ratio of 2.46, a current ratio of 158.41 and a quick ratio of 158.41. The business has a 50 day moving average price of $6.59 and a 200 day moving average price of $6.42.

TPG RE Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, March 28th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.20%. TPG RE Finance Trust’s payout ratio is presently -56.80%.

Hedge Funds Weigh In On TPG RE Finance Trust

Institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC bought a new position in shares of TPG RE Finance Trust in the first quarter worth about $32,000. Acadian Asset Management LLC acquired a new stake in TPG RE Finance Trust during the first quarter worth about $53,000. Tower Research Capital LLC TRC grew its position in TPG RE Finance Trust by 168.9% during the third quarter. Tower Research Capital LLC TRC now owns 4,808 shares of the company’s stock worth $34,000 after buying an additional 3,020 shares in the last quarter. TFO Wealth Partners LLC grew its position in TPG RE Finance Trust by 35,280.0% during the fourth quarter. TFO Wealth Partners LLC now owns 7,076 shares of the company’s stock worth $46,000 after buying an additional 7,056 shares in the last quarter. Finally, Quantbot Technologies LP grew its position in TPG RE Finance Trust by 182.8% during the first quarter. Quantbot Technologies LP now owns 8,200 shares of the company’s stock worth $96,000 after buying an additional 5,300 shares in the last quarter. 57.19% of the stock is currently owned by institutional investors.

TPG RE Finance Trust Company Profile

(Get Free Report)

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.

Further Reading

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