TPG RE Finance Trust, Inc. (NYSE:TRTX – Get Free Report) shares hit a new 52-week high during trading on Tuesday after Wells Fargo & Company raised their price target on the stock from $7.00 to $9.00. Wells Fargo & Company currently has an overweight rating on the stock. TPG RE Finance Trust traded as high as $8.81 and last traded at $8.80, with a volume of 39371 shares traded. The stock had previously closed at $8.60.
TRTX has been the subject of several other research reports. Raymond James cut 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 report on Friday, April 12th. JPMorgan Chase & Co. raised their target price on TPG RE Finance Trust from $7.00 to $7.50 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Finally, Bank of America reiterated an “underperform” rating and set a $6.50 price target on shares of TPG RE Finance Trust in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, TPG RE Finance Trust presently has an average rating of “Hold” and a consensus price target of $8.10.
Read Our Latest Stock Report on TPG RE Finance Trust
Institutional Investors Weigh In On TPG RE Finance Trust
TPG RE Finance Trust Stock Down 0.3 %
The business’s 50 day simple moving average is $7.69 and its 200 day simple moving average is $6.64. The company has a market capitalization of $686.03 million, a PE ratio of -5.61 and a beta of 2.10. The company has a quick ratio of 138.05, a current ratio of 138.05 and a debt-to-equity ratio of 2.25.
TPG RE Finance Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, March 28th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.90%. TPG RE Finance Trust’s dividend payout ratio is currently -61.15%.
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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