TPG RE Finance Trust’s (TRTX) “Neutral” Rating Reiterated at Bank of America

Bank of America reissued their neutral rating on shares of TPG RE Finance Trust (NYSE:TRTXGet Rating) in a report published on Monday morning, Marketbeat.com reports. The firm currently has a $8.00 price objective on the stock.

Several other research analysts have also weighed in on TRTX. Raymond James lowered their price objective on TPG RE Finance Trust from $11.50 to $11.00 and set a strong-buy rating for the company in a research report on Thursday, November 3rd. JPMorgan Chase & Co. decreased their price target on TPG RE Finance Trust from $9.00 to $8.00 and set a neutral rating on the stock in a research note on Thursday, November 3rd. Finally, BTIG Research cut TPG RE Finance Trust from a buy rating to a neutral rating in a research note on Wednesday, November 2nd. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, TPG RE Finance Trust currently has a consensus rating of Moderate Buy and an average target price of $10.40.

TPG RE Finance Trust Stock Up 1.0 %

TRTX stock opened at $7.19 on Monday. The company has a debt-to-equity ratio of 2.86, a quick ratio of 177.12 and a current ratio of 177.12. The business has a 50 day simple moving average of $7.56 and a 200-day simple moving average of $9.06. TPG RE Finance Trust has a 1 year low of $6.31 and a 1 year high of $13.38.

TPG RE Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 25th. Investors of record on Wednesday, September 28th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, September 27th. This represents a $0.96 annualized dividend and a dividend yield of 13.35%. TPG RE Finance Trust’s dividend payout ratio is currently -110.34%.

Institutional Trading of TPG RE Finance Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. DigitalBridge Group Inc. lifted its holdings in shares of TPG RE Finance Trust by 480.6% during the 1st quarter. DigitalBridge Group Inc. now owns 3,099,399 shares of the company’s stock valued at $8,611,000 after acquiring an additional 2,565,546 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of TPG RE Finance Trust by 102.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,936,292 shares of the company’s stock valued at $34,677,000 after buying an additional 1,488,474 shares during the last quarter. Coulter & Justus Financial Services LLC bought a new position in TPG RE Finance Trust in the 2nd quarter worth about $3,646,000. Allianz Asset Management GmbH bought a new position in TPG RE Finance Trust in the 1st quarter worth about $4,095,000. Finally, Renaissance Technologies LLC grew its position in TPG RE Finance Trust by 440.2% in the 1st quarter. Renaissance Technologies LLC now owns 239,294 shares of the company’s stock worth $2,826,000 after purchasing an additional 195,000 shares during the last quarter. 57.36% of the stock is owned by hedge funds and other institutional investors.

About TPG RE Finance Trust

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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 office, multifamily, life science, mixed-use, hospitality, industrial, and retail real estate sectors.

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Analyst Recommendations for TPG RE Finance Trust (NYSE:TRTX)

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