TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have received an average rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $8.58.

Several research firms have weighed in on TRTX. BTIG Research restated a “buy” rating and issued a $11.00 price target on shares of TPG RE Finance Trust in a research note on Friday, July 19th. JPMorgan Chase & Co. raised their target price on shares of TPG RE Finance Trust from $7.00 to $7.50 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Raymond James cut shares of TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 price target on the stock. in a research note on Friday, April 12th. Finally, Wells Fargo & Company raised their price objective on TPG RE Finance Trust from $7.00 to $9.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th.

TPG RE Finance Trust Stock Performance

NYSE TRTX opened at $8.96 on Friday. The company has a quick ratio of 138.05, a current ratio of 138.05 and a debt-to-equity ratio of 2.25. TPG RE Finance Trust has a twelve month low of $4.64 and a twelve month high of $9.66. The business has a 50-day moving average price of $8.71 and a 200-day moving average price of $7.68. The firm has a market cap of $718.95 million, a price-to-earnings ratio of -5.71 and a beta of 2.19.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, June 27th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.71%. The ex-dividend date of this dividend was Thursday, June 27th. TPG RE Finance Trust’s payout ratio is -61.15%.

Insider Buying and Selling

In other news, major shareholder Starwood Capital Group Global sold 9,352,941 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $8.84, for a total value of $82,679,998.44. Following the completion of the sale, the insider now directly owns 2,647,059 shares of the company’s stock, valued at approximately $23,400,001.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TPG RE Finance Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of TPG RE Finance Trust by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,985,415 shares of the company’s stock worth $40,282,000 after purchasing an additional 51,839 shares during the period. Long Pond Capital LP bought a new position in shares of TPG RE Finance Trust during the first quarter valued at approximately $16,638,000. Charles Schwab Investment Management Inc. raised its holdings in shares of TPG RE Finance Trust by 9.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,230,218 shares of the company’s stock worth $7,996,000 after buying an additional 108,106 shares during the period. Nokomis Capital L.L.C. bought a new stake in shares of TPG RE Finance Trust during the 1st quarter worth approximately $1,437,000. Finally, Evoke Wealth LLC boosted its holdings in TPG RE Finance Trust by 183.0% during the 4th quarter. Evoke Wealth LLC now owns 182,710 shares of the company’s stock valued at $1,231,000 after acquiring an additional 118,149 shares during the period. Hedge funds and other 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.