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

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $10.75.

TRTX has been the subject of a number of research reports. Weiss Ratings upgraded shares of TPG RE Finance Trust from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, November 7th. Wells Fargo & Company raised their price target on shares of TPG RE Finance Trust from $9.00 to $11.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Citigroup cut shares of TPG RE Finance Trust to a “market perform” rating in a research note on Wednesday, September 17th. JMP Securities restated a “market perform” rating on shares of TPG RE Finance Trust in a report on Wednesday, September 17th. Finally, Wall Street Zen raised TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Saturday, October 18th.

TPG RE Finance Trust Trading Up 0.1%

Shares of TRTX stock opened at $9.08 on Thursday. TPG RE Finance Trust has a twelve month low of $6.47 and a twelve month high of $9.85. The stock’s fifty day simple moving average is $8.93 and its 200 day simple moving average is $8.47. The company has a quick ratio of 166.64, a current ratio of 166.64 and a debt-to-equity ratio of 2.61. The firm has a market capitalization of $710.21 million, a P/E ratio of 13.96, a P/E/G ratio of 2.08 and a beta of 1.67.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings results on Monday, June 6th. The company reported $0.27 EPS for the quarter. The firm had revenue of $40.06 million for the quarter. TPG RE Finance Trust had a return on equity of 6.37% and a net margin of 20.46%. As a group, sell-side analysts predict that TPG RE Finance Trust will post 0.99 EPS for the current fiscal year.

TPG RE Finance Trust announced that its Board of Directors has approved a stock buyback plan on Thursday, September 4th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

TPG RE Finance Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, September 26th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date of this dividend was Friday, September 26th. TPG RE Finance Trust’s payout ratio is currently 147.69%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC increased its position in shares of TPG RE Finance Trust by 21.1% during the first quarter. Penserra Capital Management LLC now owns 125,910 shares of the company’s stock worth $1,026,000 after buying an additional 21,898 shares during the period. Arizona State Retirement System lifted its holdings in TPG RE Finance Trust by 20.0% in the first quarter. Arizona State Retirement System now owns 19,731 shares of the company’s stock valued at $161,000 after buying an additional 3,290 shares during the period. Y Intercept Hong Kong Ltd boosted its position in TPG RE Finance Trust by 141.9% during the first quarter. Y Intercept Hong Kong Ltd now owns 122,486 shares of the company’s stock valued at $998,000 after acquiring an additional 71,845 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in TPG RE Finance Trust during the 1st quarter worth about $489,000. Finally, Jupiter Asset Management Ltd. raised its position in shares of TPG RE Finance Trust by 320.4% in the 1st quarter. Jupiter Asset Management Ltd. now owns 92,733 shares of the company’s stock worth $756,000 after acquiring an additional 70,676 shares in the last quarter. Institutional investors and hedge funds 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.