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

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) have received an average rating of "Moderate Buy" from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $8.92.

Separately, JPMorgan Chase & Co. decreased their price target on shares of TPG RE Finance Trust from $9.50 to $8.50 and set an "overweight" rating for the company in a report on Tuesday, January 21st.

Institutional Trading of TPG RE Finance Trust

Large investors have recently modified their holdings of the company. Millennium Management LLC grew its position in 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 worth $10,149,000 after purchasing an additional 273,086 shares during the last quarter. Mackenzie Financial Corp bought a new position in TPG RE Finance Trust in the 2nd quarter worth approximately $95,000. SG Americas Securities LLC increased its position in TPG RE Finance Trust by 125.4% in the 3rd quarter. SG Americas Securities LLC now owns 25,652 shares of the company's stock valued at $219,000 after acquiring an additional 14,273 shares during the period. Golden State Equity Partners raised its stake in TPG RE Finance Trust by 5.4% during the 3rd quarter. Golden State Equity Partners now owns 105,170 shares of the company's stock valued at $897,000 after acquiring an additional 5,410 shares in the last quarter. Finally, Summit Global Investments acquired a new position in TPG RE Finance Trust during the 3rd quarter worth $585,000. Institutional investors and hedge funds own 57.12% of the company's stock.

TPG RE Finance Trust Stock Performance

TPG RE Finance Trust stock traded down $0.16 during mid-day trading on Thursday, reaching $8.56. The company's stock had a trading volume of 349,629 shares, compared to its average volume of 436,701. 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 has a twelve month low of $5.12 and a twelve month high of $9.66. The business has a 50 day moving average price of $8.62 and a 200-day moving average price of $8.66. The firm has a market cap of $692.76 million, a price-to-earnings ratio of 12.41, a PEG ratio of 0.27 and a beta of 2.16.

TPG RE Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, December 27th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 11.21%. The ex-dividend date was Friday, December 27th. TPG RE Finance Trust's dividend payout ratio (DPR) is 139.13%.

About TPG RE Finance Trust

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.