TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives Average Rating of "Buy" from Brokerages

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) has earned an average recommendation of "Buy" from the five brokerages that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have covered the stock in the last year is $9.40.

Separately, JPMorgan Chase & Co. cut their price objective on shares of TPG RE Finance Trust from $9.50 to $8.50 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st.

TPG RE Finance Trust Stock Performance

Shares of TRTX traded down $0.03 during mid-day trading on Monday, reaching $8.45. 1,178,543 shares of the company's stock traded hands, compared to its average volume of 578,376. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81. The business's 50-day moving average price is $8.48 and its 200-day moving average price is $8.66. The stock has a market capitalization of $684.32 million, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 0.25 and a beta of 2.23. TPG RE Finance Trust has a 12 month low of $6.99 and a 12 month high of $9.66.

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

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TPG RE Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, December 27th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.36%. The ex-dividend date of this dividend was Friday, December 27th. TPG RE Finance Trust's dividend payout ratio is presently 128.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TRTX. New Age Alpha Advisors LLC bought a new stake in TPG RE Finance Trust in the fourth quarter worth about $43,000. Meeder Asset Management Inc. raised its holdings in shares of TPG RE Finance Trust by 88.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 5,847 shares of the company's stock worth $50,000 after purchasing an additional 2,742 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in TPG RE Finance Trust during the third quarter valued at approximately $58,000. KLP Kapitalforvaltning AS acquired a new stake in TPG RE Finance Trust during the fourth quarter valued at approximately $75,000. Finally, Virtu Financial LLC bought a new stake in TPG RE Finance Trust during the fourth quarter worth approximately $85,000. Institutional investors 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.