TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives $8.92 Consensus Target Price from Analysts

TPG RE Finance Trust, Inc. (NYSE:TRTX) has earned a consensus recommendation of “Buy” from the five brokerages that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $9.40.

Separately, JPMorgan Chase & Co. cut their target price on shares of TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating for the company in a research report on Tuesday, January 21st.

TPG RE Finance Trust Stock Up 1.6 %

Shares of NYSE TRTX opened at $8.59 on Monday. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14. The business has a 50-day moving average of $8.48 and a 200-day moving average of $8.66. The firm has a market capitalization of $695.42 million, a price-to-earnings ratio of 11.45, a PEG ratio of 0.25 and a beta of 2.23. TPG RE Finance Trust has a 12 month low of $6.99 and a 12 month high of $9.66.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). The company had revenue of $34.74 million during the quarter, compared to analysts’ expectations of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. Sell-side analysts expect that TPG RE Finance Trust will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, December 27th were issued a $0.24 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.18%. TPG RE Finance Trust’s payout ratio is 128.00%.

Hedge Funds Weigh In On TPG RE Finance Trust

Several institutional investors and hedge funds have recently made changes to their positions in TRTX. New Age Alpha Advisors LLC purchased a new stake in TPG RE Finance Trust during the fourth quarter valued at about $43,000. Meeder Asset Management Inc. lifted its stake in shares of TPG RE Finance Trust by 88.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 5,847 shares of the company’s stock valued at $50,000 after acquiring an additional 2,742 shares during the last quarter. McIlrath & Eck LLC purchased a new stake in TPG RE Finance Trust during the 3rd quarter valued at about $58,000. KLP Kapitalforvaltning AS bought a new position in TPG RE Finance Trust during the 4th quarter worth approximately $75,000. Finally, Virtu Financial LLC bought a new position in TPG RE Finance Trust during the 4th quarter worth approximately $85,000. Institutional investors own 57.12% of the company’s stock.

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.