TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives $7.70 Consensus Price Target from Brokerages

TPG RE Finance Trust, Inc. (NYSE:TRTX) has been assigned a consensus rating of “Hold” from the five research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $7.70.

A number of research firms have recently issued reports on TRTX. Raymond James downgraded shares of TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 price target on the stock. in a research report on Friday. JPMorgan Chase & Co. lifted their price objective on shares of TPG RE Finance Trust from $7.00 to $7.50 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Wells Fargo & Company lifted their price objective on shares of TPG RE Finance Trust from $6.00 to $7.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Finally, Bank of America reiterated an “underperform” rating and issued a $6.50 price objective on shares of TPG RE Finance Trust in a research report on Monday, March 4th.

TPG RE Finance Trust Trading Down 3.6 %

TPG RE Finance Trust stock opened at $7.31 on Friday. The firm’s 50-day moving average is $7.01 and its 200-day moving average is $6.44. The company has a debt-to-equity ratio of 2.46, a quick ratio of 158.41 and a current ratio of 158.41. TPG RE Finance Trust has a 1 year low of $4.64 and a 1 year high of $8.12. The company has a market cap of $569.23 million, a P/E ratio of -4.33 and a beta of 2.10.

TPG RE Finance Trust Announces Dividend

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 of this dividend is Wednesday, March 27th. This represents a $0.96 annualized dividend and a dividend yield of 13.13%. TPG RE Finance Trust’s dividend payout ratio is currently -56.80%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new stake in shares of TPG RE Finance Trust during the first quarter worth approximately $32,000. Acadian Asset Management LLC acquired a new stake in TPG RE Finance Trust in the first quarter valued at approximately $53,000. Tower Research Capital LLC TRC lifted its stake in TPG RE Finance Trust by 168.9% in the third quarter. Tower Research Capital LLC TRC now owns 4,808 shares of the company’s stock valued at $34,000 after acquiring an additional 3,020 shares during the last quarter. TFO Wealth Partners LLC lifted its stake in TPG RE Finance Trust by 35,280.0% in the fourth quarter. TFO Wealth Partners LLC now owns 7,076 shares of the company’s stock valued at $46,000 after acquiring an additional 7,056 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake in TPG RE Finance Trust by 182.8% in the first quarter. Quantbot Technologies LP now owns 8,200 shares of the company’s stock valued at $96,000 after acquiring an additional 5,300 shares during the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.

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.