Analysts Set TPG RE Finance Trust, Inc. (NYSE:TRTX) Target Price at $7.70

TPG RE Finance Trust, Inc. (NYSE:TRTXGet Free Report) has earned a consensus rating of “Hold” from the five research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $7.70.

Several analysts have recently commented on TRTX shares. Wells Fargo & Company raised their price objective on shares of TPG RE Finance Trust from $6.00 to $7.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. JPMorgan Chase & Co. lifted their price target 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. Bank of America reissued an “underperform” rating and issued a $6.50 price target on shares of TPG RE Finance Trust in a research report on Monday, March 4th. Finally, 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 for the company. in a research report on Friday.

Read Our Latest Report on TPG RE Finance Trust

TPG RE Finance Trust Stock Down 3.6 %

Shares of NYSE TRTX opened at $7.31 on Friday. The company has a 50 day simple moving average of $7.01 and a 200 day simple moving average of $6.44. The firm has a market cap of $569.23 million, a PE ratio of -4.33 and a beta of 2.10. TPG RE Finance Trust has a 1 year low of $4.64 and a 1 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, March 28th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 13.13%. The ex-dividend date is Wednesday, March 27th. TPG RE Finance Trust’s payout ratio is -56.80%.

Hedge Funds Weigh In On TPG RE Finance Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC bought a new position in shares of TPG RE Finance Trust during the first quarter valued at $32,000. Acadian Asset Management LLC bought a new stake in TPG RE Finance Trust in the 1st quarter worth about $53,000. Tower Research Capital LLC TRC increased its holdings in TPG RE Finance Trust by 168.9% in the 3rd 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 boosted its position 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 worth $46,000 after purchasing an additional 7,056 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position 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 worth $96,000 after purchasing an additional 5,300 shares during the last quarter. 57.12% 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.

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