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

TPG RE Finance Trust, Inc. (NYSE:TRTX) has been given a consensus rating of “Hold” by the five analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $8.10.

A number of analysts have weighed in on the company. 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 research report on Friday, April 12th. Wells Fargo & Company boosted their target price on TPG RE Finance Trust from $7.00 to $9.00 and gave the stock an “overweight” rating in a report on Tuesday. Bank of America reaffirmed an “underperform” rating and set a $6.50 price objective on shares of TPG RE Finance Trust in a report on Monday, March 4th. Finally, JPMorgan Chase & Co. upped 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.

Institutional Investors Weigh In On TPG RE Finance Trust

Hedge funds have recently bought and sold shares of the company. TFO Wealth Partners LLC raised its holdings in TPG RE Finance Trust by 35,280.0% in the 4th 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 period. Principal Financial Group Inc. bought a new position in TPG RE Finance Trust in the third quarter valued at approximately $70,000. Quantbot Technologies LP bought a new position in TPG RE Finance Trust in the third quarter valued at approximately $80,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of TPG RE Finance Trust by 51.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,186 shares of the company’s stock worth $99,000 after buying an additional 5,128 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in TPG RE Finance Trust by 1,094.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,657 shares of the company’s stock worth $102,000 after purchasing an additional 14,346 shares in the last quarter. 57.12% of the stock is currently owned by institutional investors and hedge funds.

TPG RE Finance Trust Stock Performance

Shares of TPG RE Finance Trust stock opened at $8.63 on Tuesday. The stock has a market cap of $672.04 million, a PE ratio of -5.50 and a beta of 2.08. The business has a fifty day simple moving average of $7.71 and a 200-day simple moving average of $6.65. 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 has a 12 month low of $4.64 and a 12 month high of $8.89.

TPG RE Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.24 per share. 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 11.12%. TPG RE Finance Trust’s dividend payout ratio is -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.