TPG RE Finance Trust (NYSE:TRTX) Hits New 52-Week Low – Time to Sell?

TPG RE Finance Trust, Inc. (NYSE:TRTX) reached a new 52-week low during trading on Monday . The stock traded as low as $6.99 and last traded at $7.01, with a volume of 2206695 shares changing hands. The stock had previously closed at $7.52.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their target price on shares of TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $9.40.

TPG RE Finance Trust Trading Down 6.8 %

The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. The business has a 50-day simple moving average of $8.40 and a two-hundred day simple moving average of $8.57. The stock has a market cap of $567.43 million, a price-to-earnings ratio of 9.34, a P/E/G ratio of 0.25 and a beta of 1.78.

TPG RE Finance Trust (NYSE:TRTX) last posted its earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. The business had revenue of $34.74 million for the quarter, compared to analyst estimates of $27.98 million. Equities analysts forecast that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 13.70%. The ex-dividend date of this dividend is Friday, March 28th. TPG RE Finance Trust’s dividend payout ratio is presently 128.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Long Pond Capital LP boosted its holdings in shares of TPG RE Finance Trust by 117.1% during the fourth quarter. Long Pond Capital LP now owns 7,303,626 shares of the company’s stock worth $62,081,000 after acquiring an additional 3,938,800 shares during the period. Two Sigma Advisers LP boosted its stake in TPG RE Finance Trust by 162.0% in the 3rd quarter. Two Sigma Advisers LP now owns 1,282,500 shares of the company’s stock valued at $10,940,000 after purchasing an additional 793,000 shares during the period. Wellington Management Group LLP acquired a new position in TPG RE Finance Trust in the 4th quarter valued at $5,983,000. Van ECK Associates Corp bought a new position in TPG RE Finance Trust during the 4th quarter worth $5,588,000. Finally, Solel Partners LP acquired a new stake in shares of TPG RE Finance Trust during the fourth quarter worth $5,097,000. Institutional investors and hedge funds own 57.12% of the company’s stock.

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.