TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives $9.08 Average Target Price from Brokerages

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $9.08.

Separately, JPMorgan Chase & Co. raised shares of TPG RE Finance Trust from a "neutral" rating to an "overweight" rating and raised their price target for the company from $9.00 to $9.50 in a research report on Thursday, October 17th.

Institutional Investors Weigh In On TPG RE Finance Trust

Institutional investors have recently bought and sold shares of the business. Two Sigma Advisers LP lifted its holdings in shares of 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 acquiring an additional 793,000 shares during the last quarter. Long Pond Capital LP raised its position in TPG RE Finance Trust by 32.4% during the second quarter. Long Pond Capital LP now owns 2,852,894 shares of the company's stock valued at $24,649,000 after purchasing an additional 697,736 shares during the period. Millennium Management LLC lifted its stake in shares of TPG RE Finance Trust by 30.3% in the 2nd quarter. Millennium Management LLC now owns 1,174,646 shares of the company's stock valued at $10,149,000 after purchasing an additional 273,086 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of TPG RE Finance Trust in the 3rd quarter worth approximately $2,328,000. Finally, Segall Bryant & Hamill LLC bought a new position in shares of TPG RE Finance Trust during the 3rd quarter valued at approximately $2,318,000. Hedge funds and other institutional investors own 57.12% of the company's stock.

TPG RE Finance Trust Stock Down 1.9 %

TRTX stock traded down $0.16 during trading on Friday, hitting $8.34. 571,736 shares of the stock traded hands, compared to its average volume of 486,206. The company has a debt-to-equity ratio of 2.03, a current ratio of 152.83 and a quick ratio of 152.83. The stock has a market cap of $674.94 million, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 0.25 and a beta of 2.17. TPG RE Finance Trust has a 1 year low of $5.12 and a 1 year high of $9.66. The firm's 50 day moving average is $8.81 and its two-hundred day moving average is $8.73.

TPG RE Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 11.51%. The ex-dividend date is Friday, December 27th. TPG RE Finance Trust's payout ratio is 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.