Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX – Get Free Report) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $10.00.
TRTX has been the topic of a number of recent analyst reports. Citigroup reiterated a “market outperform” rating on shares of TPG RE Finance Trust in a report on Tuesday, June 9th. Weiss Ratings raised TPG RE Finance Trust from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. JPMorgan Chase & Co. lifted their target price on TPG RE Finance Trust from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Wall Street Zen downgraded shares of TPG RE Finance Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Finally, Zacks Research upgraded shares of TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st.
Get Our Latest Research Report on TPG RE Finance Trust
TPG RE Finance Trust Trading Up 2.1%
TPG RE Finance Trust (NYSE:TRTX – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03). The business had revenue of $34.01 million during the quarter, compared to analysts’ expectations of $37.30 million. TPG RE Finance Trust had a return on equity of 6.85% and a net margin of 17.03%. On average, equities analysts expect that TPG RE Finance Trust will post 0.92 earnings per share for the current fiscal year.
TPG RE Finance Trust Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, June 26th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date of this dividend was Friday, June 26th. TPG RE Finance Trust’s dividend payout ratio is currently 177.78%.
Institutional Investors Weigh In On TPG RE Finance Trust
A number of hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership lifted its position in shares of TPG RE Finance Trust by 60.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 929,566 shares of the company’s stock valued at $7,260,000 after buying an additional 350,020 shares during the last quarter. UBS Group AG increased its holdings in TPG RE Finance Trust by 34.4% in the 4th quarter. UBS Group AG now owns 451,997 shares of the company’s stock worth $3,892,000 after acquiring an additional 115,787 shares during the last quarter. Jennison Associates LLC purchased a new stake in TPG RE Finance Trust in the 1st quarter worth about $1,330,000. Y Intercept Hong Kong Ltd increased its holdings in TPG RE Finance Trust by 318.3% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 136,659 shares of the company’s stock worth $1,067,000 after acquiring an additional 103,986 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in TPG RE Finance Trust in the 1st quarter valued at about $217,000. Institutional investors own 57.12% of the company’s stock.
TPG RE Finance Trust Company Profile
TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.
TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.
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