TPG RE Finance Trust (NYSE:TRTX) Reaches New 52-Week Low - Should You Sell?

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $6.99 and last traded at $7.01, with a volume of 2206695 shares. The stock had previously closed at $7.52.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped 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 research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $9.40.

TPG RE Finance Trust Stock Down 1.2 %

The business has a 50-day moving average price of $8.23 and a 200 day moving average price of $8.50. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14. The stock has a market capitalization of $552.04 million, a P/E ratio of 9.09, a P/E/G ratio of 0.25 and a beta of 1.78.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.18). The business had revenue of $34.74 million during the quarter, compared to analysts' expectations of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. On average, equities analysts expect that TPG RE Finance Trust, Inc. will post 0.99 EPS for the current fiscal year.

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TPG RE Finance Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.96 annualized dividend and a yield of 14.09%. TPG RE Finance Trust's payout ratio is presently 128.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Long Pond Capital LP boosted its stake in shares of TPG RE Finance Trust by 117.1% during the 4th quarter. Long Pond Capital LP now owns 7,303,626 shares of the company's stock worth $62,081,000 after purchasing an additional 3,938,800 shares during the period. Vanguard Group Inc. grew its stake in shares of TPG RE Finance Trust by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 4,939,620 shares of the company's stock valued at $41,987,000 after buying an additional 63,529 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of TPG RE Finance Trust by 23.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,585,600 shares of the company's stock worth $13,478,000 after buying an additional 303,100 shares during the period. Geode Capital Management LLC lifted its stake in shares of TPG RE Finance Trust by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,464,001 shares of the company's stock worth $12,447,000 after acquiring an additional 7,118 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in TPG RE Finance Trust by 6.9% during the 4th quarter. Millennium Management LLC now owns 1,053,474 shares of the company's stock valued at $8,955,000 after acquiring an additional 68,116 shares during the period. 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.