TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives $9.08 Average PT from Analysts

TPG RE Finance Trust, Inc. (NYSE:TRTX) has received an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $9.08.

Separately, JPMorgan Chase & Co. upgraded shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $9.00 to $9.50 in a research report on Thursday, October 17th.

TPG RE Finance Trust Stock Up 1.5 %

Shares of NYSE:TRTX opened at $8.77 on Wednesday. The company’s fifty day moving average is $8.83 and its 200-day moving average is $8.73. The company has a debt-to-equity ratio of 2.03, a quick ratio of 152.83 and a current ratio of 152.83. TPG RE Finance Trust has a 52 week low of $5.12 and a 52 week high of $9.66. The company has a market capitalization of $709.74 million, a PE ratio of 12.71, a P/E/G ratio of 0.25 and a beta of 2.17.

TPG RE Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 10.95%. The ex-dividend date of this dividend 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

Institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of TPG RE Finance Trust by 94.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,932 shares of the company’s stock valued at $1,330,000 after purchasing an additional 75,671 shares in the last quarter. Summit Global Investments bought a new position in TPG RE Finance Trust in the 3rd quarter valued at $585,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of TPG RE Finance Trust in the 3rd quarter valued at $2,328,000. GSA Capital Partners LLP raised its position in shares of TPG RE Finance Trust by 882.6% during the third quarter. GSA Capital Partners LLP now owns 206,078 shares of the company’s stock worth $1,758,000 after acquiring an additional 185,105 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of TPG RE Finance Trust by 252.8% during the second quarter. Renaissance Technologies LLC now owns 123,094 shares of the company’s stock valued at $1,064,000 after acquiring an additional 88,200 shares during the period. 57.12% of the stock is owned by institutional investors.

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.