TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives Consensus Rating of "Moderate Buy" from Analysts

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $9.08.

Several equities research analysts recently issued reports on TRTX shares. JPMorgan Chase & Co. upgraded shares of TPG RE Finance Trust from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $9.00 to $9.50 in a report on Thursday, October 17th. JMP Securities raised their target price on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 21st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TRTX. Meeder Asset Management Inc. purchased a new position in shares of TPG RE Finance Trust during the 2nd quarter valued at $27,000. McIlrath & Eck LLC purchased a new position in shares of TPG RE Finance Trust during the 3rd quarter valued at $58,000. Quarry LP lifted its stake in shares of TPG RE Finance Trust by 1,731.6% during the 2nd quarter. Quarry LP now owns 7,363 shares of the company's stock valued at $64,000 after buying an additional 6,961 shares in the last quarter. Mackenzie Financial Corp purchased a new position in shares of TPG RE Finance Trust during the 2nd quarter valued at $95,000. Finally, Zacks Investment Management purchased a new position in shares of TPG RE Finance Trust during the 3rd quarter valued at $94,000. Hedge funds and other institutional investors own 57.12% of the company's stock.

TPG RE Finance Trust Trading Up 1.1 %

Shares of TRTX stock opened at $8.88 on Friday. TPG RE Finance Trust has a 12-month low of $5.12 and a 12-month high of $9.66. The company has a current ratio of 152.83, a quick ratio of 152.83 and a debt-to-equity ratio of 2.03. The firm's 50 day moving average is $8.63 and its 200 day moving average is $8.68. The stock has a market capitalization of $718.66 million, a P/E ratio of 12.87, a P/E/G ratio of 0.25 and a beta of 2.18.

TPG RE Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, September 27th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 10.81%. The ex-dividend date of this dividend was Friday, September 27th. TPG RE Finance Trust's dividend payout ratio is presently 139.13%.

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.