Analysts Set TPG RE Finance Trust, Inc. (NYSE:TRTX) Target Price at $9.08

TPG RE Finance Trust, Inc. (NYSE:TRTX) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $9.08.

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $9.00 to $9.50 in a research note on Thursday, October 17th. JMP Securities increased their target price on shares of 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.

Hedge Funds Weigh In On TPG RE Finance Trust

A number of large investors have recently modified their holdings of the company. Meeder Asset Management Inc. grew its position in TPG RE Finance Trust by 88.3% during the third quarter. Meeder Asset Management Inc. now owns 5,847 shares of the company’s stock worth $50,000 after buying an additional 2,742 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of TPG RE Finance Trust by 24.3% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 14,563 shares of the company’s stock worth $126,000 after purchasing an additional 2,850 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of TPG RE Finance Trust by 4.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 75,376 shares of the company’s stock worth $582,000 after purchasing an additional 3,217 shares during the last quarter. Cerity Partners LLC raised its stake in TPG RE Finance Trust by 6.4% in the third quarter. Cerity Partners LLC now owns 68,991 shares of the company’s stock valued at $588,000 after purchasing an additional 4,158 shares in the last quarter. Finally, TCW Group Inc. lifted its position in TPG RE Finance Trust by 4.8% during the second quarter. TCW Group Inc. now owns 103,274 shares of the company’s stock valued at $892,000 after purchasing an additional 4,770 shares during the last quarter. 57.12% of the stock is currently owned by institutional investors.

TPG RE Finance Trust Price Performance

Shares of NYSE TRTX opened at $9.03 on Friday. The firm has a market cap of $730.80 million, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 0.25 and a beta of 2.18. The stock has a fifty day simple moving average of $8.64 and a two-hundred day simple moving average of $8.68. The company has a current ratio of 152.83, a quick ratio of 152.83 and a debt-to-equity ratio of 2.03. TPG RE Finance Trust has a 1-year low of $5.12 and a 1-year high of $9.66.

TPG RE Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, September 27th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 10.63%. The ex-dividend date was Friday, September 27th. TPG RE Finance Trust’s dividend payout ratio is presently 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.