TPG RE Finance Trust, Inc. (NYSE:TRTX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

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

A number of research firms have weighed in on TRTX. JPMorgan Chase & Co. upgraded TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and raised their price target for the company from $9.00 to $9.50 in a research note on Thursday, October 17th. JMP Securities lifted their target price on TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 21st.

TPG RE Finance Trust Stock Down 0.7 %

TPG RE Finance Trust stock opened at $9.14 on Friday. TPG RE Finance Trust has a 1-year low of $5.12 and a 1-year high of $9.66. The company has a debt-to-equity ratio of 2.03, a current ratio of 152.83 and a quick ratio of 152.83. The stock has a market cap of $739.70 million, a PE ratio of 13.25, a P/E/G ratio of 0.26 and a beta of 2.18. The stock’s fifty day moving average is $8.65 and its two-hundred day moving average is $8.69.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, September 27th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.50%. The ex-dividend date was Friday, September 27th. TPG RE Finance Trust’s payout ratio is currently 139.13%.

Institutional Investors Weigh In On TPG RE Finance Trust

Several hedge funds have recently modified their holdings of the stock. Two Sigma Advisers LP increased its stake in TPG RE Finance Trust by 162.0% in the 3rd quarter. Two Sigma Advisers LP now owns 1,282,500 shares of the company’s stock valued at $10,940,000 after buying an additional 793,000 shares during the period. Long Pond Capital LP increased its stake in shares of TPG RE Finance Trust by 32.4% during the second quarter. Long Pond Capital LP now owns 2,852,894 shares of the company’s stock worth $24,649,000 after acquiring an additional 697,736 shares during the period. Millennium Management LLC raised its holdings in TPG RE Finance Trust by 30.3% during the second quarter. Millennium Management LLC now owns 1,174,646 shares of the company’s stock worth $10,149,000 after purchasing an additional 273,086 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in TPG RE Finance Trust during the third quarter worth about $2,328,000. Finally, Segall Bryant & Hamill LLC purchased a new position in TPG RE Finance Trust during the third quarter worth about $2,318,000. 57.12% of the stock is owned by institutional investors and hedge funds.

About TPG RE Finance Trust

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.