TPG RE Finance Trust, Inc. (NYSE:TRTX – Get Free Report) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $9.8333.
A number of analysts recently issued reports on TRTX shares. Wells Fargo & Company lowered their price target on TPG RE Finance Trust from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Citizens Jmp upgraded TPG RE Finance Trust from a “market perform” rating to an “outperform” rating and set a $10.00 price target for the company in a report on Thursday, March 12th. JPMorgan Chase & Co. lowered their price target on TPG RE Finance Trust from $10.50 to $9.50 and set an “overweight” rating for the company in a report on Thursday, April 16th. Citigroup reissued a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Tuesday, June 9th. Finally, Zacks Research raised shares of TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st.
Check Out Our Latest Analysis on TPG RE Finance Trust
Hedge Funds Weigh In On TPG RE Finance Trust
TPG RE Finance Trust Stock Up 0.8%
Shares of NYSE TRTX opened at $8.58 on Friday. The company has a debt-to-equity ratio of 3.11, a quick ratio of 201.40 and a current ratio of 201.40. The firm has a market capitalization of $662.93 million, a price-to-earnings ratio of 13.61, a PEG ratio of 1.71 and a beta of 1.41. The stock has a 50 day moving average price of $8.36 and a 200 day moving average price of $8.57. TPG RE Finance Trust has a 52-week low of $7.57 and a 52-week high of $9.85.
TPG RE Finance Trust (NYSE:TRTX – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $37.31 million during the quarter, compared to analyst estimates of $37.15 million. TPG RE Finance Trust had a return on equity of 6.91% and a net margin of 19.38%. Sell-side analysts expect that TPG RE Finance Trust will post 0.94 earnings per share for the current year.
TPG RE Finance Trust Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, June 26th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.96 dividend on an annualized basis and a yield of 11.2%. TPG RE Finance Trust’s payout ratio is 152.38%.
About TPG RE Finance Trust
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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