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

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $9.08.

A number of research firms have recently weighed in on TRTX. JPMorgan Chase & Co. upgraded 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 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 company a "market outperform" rating in a research note on Wednesday, August 21st.

TPG RE Finance Trust Stock Down 3.8 %

Shares of TRTX traded down $0.34 during trading hours on Wednesday, hitting $8.51. The company had a trading volume of 814,117 shares, compared to its average volume of 611,438. TPG RE Finance Trust has a one year low of $5.12 and a one year high of $9.66. The company's fifty day moving average price is $8.80 and its two-hundred day moving average price is $8.73. The company has a market capitalization of $688.70 million, a PE ratio of 12.33, a price-to-earnings-growth ratio of 0.25 and a beta of 2.17. The company has a current ratio of 152.83, a quick ratio of 152.83 and a debt-to-equity ratio of 2.03.

TPG RE Finance Trust Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.96 annualized dividend and a yield of 11.28%. TPG RE Finance Trust's payout ratio is presently 139.13%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Long Pond Capital LP raised its position in TPG RE Finance Trust by 32.4% during the 2nd quarter. Long Pond Capital LP now owns 2,852,894 shares of the company's stock worth $24,649,000 after buying an additional 697,736 shares during the last quarter. Citigroup Inc. increased its stake in shares of TPG RE Finance Trust by 1.3% in the third quarter. Citigroup Inc. now owns 1,901,741 shares of the company's stock worth $16,222,000 after acquiring an additional 25,115 shares during the period. Geode Capital Management LLC raised its holdings in shares of TPG RE Finance Trust by 6.5% during the third quarter. Geode Capital Management LLC now owns 1,456,883 shares of the company's stock worth $12,430,000 after purchasing an additional 88,592 shares during the last quarter. Two Sigma Advisers LP lifted its position in TPG RE Finance Trust by 162.0% during the third 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. Finally, Millennium Management LLC boosted its holdings in TPG RE Finance Trust by 30.3% in the second 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. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

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.