TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives Average Rating of “Hold” from Brokerages

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have received an average recommendation of “Hold” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $7.70.

A number of analysts have recently weighed in on TRTX shares. JPMorgan Chase & Co. upped their price objective on TPG RE Finance Trust from $7.00 to $7.50 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Bank of America restated an “underperform” rating and set a $6.50 price target on shares of TPG RE Finance Trust in a report on Monday, March 4th. Raymond James cut TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 price objective for the company. in a research note on Friday, April 12th. Finally, Wells Fargo & Company boosted their price objective on TPG RE Finance Trust from $6.00 to $7.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd.

Hedge Funds Weigh In On TPG RE Finance Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRTX. Price T Rowe Associates Inc. MD lifted its position in shares of TPG RE Finance Trust by 3.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 39,577 shares of the company’s stock worth $357,000 after buying an additional 1,139 shares during the last quarter. FMR LLC boosted its stake in TPG RE Finance Trust by 2.8% in the second quarter. FMR LLC now owns 57,346 shares of the company’s stock valued at $516,000 after acquiring an additional 1,543 shares in the last quarter. Rhumbline Advisers boosted its stake in TPG RE Finance Trust by 2.3% in the third quarter. Rhumbline Advisers now owns 107,561 shares of the company’s stock valued at $724,000 after acquiring an additional 2,396 shares in the last quarter. American International Group Inc. grew its holdings in shares of TPG RE Finance Trust by 8.2% during the second quarter. American International Group Inc. now owns 32,269 shares of the company’s stock worth $291,000 after purchasing an additional 2,454 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of TPG RE Finance Trust by 16.5% during the second quarter. Legal & General Group Plc now owns 18,822 shares of the company’s stock worth $170,000 after purchasing an additional 2,671 shares in the last quarter. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Stock Up 1.3 %

Shares of TRTX opened at $7.37 on Friday. TPG RE Finance Trust has a fifty-two week low of $4.64 and a fifty-two week high of $8.12. The company has a quick ratio of 158.41, a current ratio of 158.41 and a debt-to-equity ratio of 2.46. The firm’s 50 day moving average price is $7.15 and its 200 day moving average price is $6.46.

TPG RE Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, March 28th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 13.03%. TPG RE Finance Trust’s payout ratio is currently -56.80%.

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.