TPG RE Finance Trust (NYSE:TRTX - Free Report) had its price objective cut by JPMorgan Chase & Co. from $9.50 to $8.50 in a research note published on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.
TPG RE Finance Trust Price Performance
TRTX stock traded down $0.05 during trading on Tuesday, hitting $8.46. The company had a trading volume of 737,295 shares, compared to its average volume of 455,558. The company has a fifty day moving average price of $8.76 and a two-hundred day moving average price of $8.73. 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 company has a market cap of $684.43 million, a P/E ratio of 12.26, a P/E/G ratio of 0.25 and a beta of 2.17. TPG RE Finance Trust has a fifty-two week low of $5.12 and a fifty-two week high of $9.66.
TPG RE Finance Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, December 27th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 11.35%. The ex-dividend date is Friday, December 27th. TPG RE Finance Trust's dividend payout ratio is currently 139.13%.
Hedge Funds Weigh In On TPG RE Finance Trust
Several large investors have recently made changes to their positions in TRTX. SG Americas Securities LLC increased its holdings in TPG RE Finance Trust by 19.3% in the fourth quarter. SG Americas Securities LLC now owns 30,596 shares of the company's stock valued at $260,000 after purchasing an additional 4,944 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in TPG RE Finance Trust in the fourth quarter valued at about $472,000. Franklin Resources Inc. increased its holdings in TPG RE Finance Trust by 112.5% in the third quarter. Franklin Resources Inc. now owns 156,444 shares of the company's stock valued at $1,308,000 after purchasing an additional 82,817 shares during the last quarter. Barclays PLC increased its holdings in shares of TPG RE Finance Trust by 385.9% in the third quarter. Barclays PLC now owns 172,718 shares of the company's stock worth $1,472,000 after acquiring an additional 137,171 shares in the last quarter. Finally, McIlrath & Eck LLC bought a new stake in shares of TPG RE Finance Trust in the third quarter worth about $58,000. Institutional investors and hedge funds own 57.12% of the company's stock.
About TPG RE Finance Trust
(
Get Free Report)
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.
See Also
Before you consider TPG RE Finance Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TPG RE Finance Trust wasn't on the list.
While TPG RE Finance Trust currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
