TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives $9.08 Consensus Price Target from Analysts

TPG RE Finance Trust, Inc. (NYSE:TRTX) has earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $9.08.

Separately, JPMorgan Chase & Co. raised TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $9.00 to $9.50 in a research note on Thursday, October 17th.

Institutional Investors Weigh In On TPG RE Finance Trust

Several hedge funds and other institutional investors have recently made changes to their positions in TRTX. Meeder Asset Management Inc. acquired a new position in TPG RE Finance Trust in the 2nd quarter valued at about $27,000. McIlrath & Eck LLC acquired a new position in TPG RE Finance Trust in the third quarter valued at approximately $58,000. Quarry LP lifted its holdings in TPG RE Finance Trust by 1,731.6% in the second quarter. Quarry LP now owns 7,363 shares of the company’s stock valued at $64,000 after acquiring an additional 6,961 shares during the last quarter. Zacks Investment Management purchased a new position in TPG RE Finance Trust in the third quarter worth approximately $94,000. Finally, Mackenzie Financial Corp acquired a new stake in TPG RE Finance Trust during the second quarter worth $95,000. Institutional investors and hedge funds own 57.12% of the company’s stock.

TPG RE Finance Trust Trading Up 0.5 %

TRTX stock opened at $8.38 on Friday. TPG RE Finance Trust has a 12-month low of $5.12 and a 12-month high of $9.66. The business’s 50-day moving average is $8.80 and its 200 day moving average is $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 stock has a market cap of $678.18 million, a price-to-earnings ratio of 12.15, a PEG ratio of 0.25 and a beta of 2.17.

TPG RE Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 11.46%. The ex-dividend date is Friday, December 27th. TPG RE Finance Trust’s dividend payout ratio is currently 139.13%.

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.