TPG RE Finance Trust (NYSE:TRTX) Price Target Raised to $7.50 at JPMorgan Chase & Co.

TPG RE Finance Trust (NYSE:TRTX) had its target price lifted by JPMorgan Chase & Co. from $7.00 to $7.50 in a report released on Wednesday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities analysts have also recently issued reports about the stock. Bank of America reaffirmed an underperform rating and set a $6.50 target price on shares of TPG RE Finance Trust in a research note on Monday, March 4th. Wells Fargo & Company raised their target price on shares of TPG RE Finance Trust from $6.00 to $7.00 and gave the company an overweight rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, TPG RE Finance Trust presently has a consensus rating of Moderate Buy and an average target price of $7.70.

TPG RE Finance Trust Stock Down 4.5 %

Shares of TRTX stock opened at $7.46 on Wednesday. The company has a market capitalization of $580.91 million, a price-to-earnings ratio of -4.41 and a beta of 2.10. The company’s fifty day moving average price is $6.95 and its 200-day moving average price is $6.44. TPG RE Finance Trust has a one year low of $4.64 and a one year high of $8.12. The company has a debt-to-equity ratio of 2.46, a current ratio of 158.41 and a quick ratio of 158.41.

TPG RE Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders 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 12.87%. TPG RE Finance Trust’s payout ratio is currently -56.80%.

Hedge Funds Weigh In On TPG RE Finance Trust

Large investors have recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new position in shares of TPG RE Finance Trust during the 1st quarter worth about $32,000. Tower Research Capital LLC TRC boosted its stake in shares of TPG RE Finance Trust by 168.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,808 shares of the company’s stock worth $34,000 after purchasing an additional 3,020 shares during the period. TFO Wealth Partners LLC boosted its stake in shares of TPG RE Finance Trust by 35,280.0% during the 4th quarter. TFO Wealth Partners LLC now owns 7,076 shares of the company’s stock worth $46,000 after purchasing an additional 7,056 shares during the period. Acadian Asset Management LLC purchased a new position in shares of TPG RE Finance Trust during the 1st quarter worth about $53,000. Finally, Franklin Resources Inc. purchased a new position in shares of TPG RE Finance Trust during the 4th quarter worth about $65,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

About TPG RE Finance Trust

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.