TPG RE Finance Trust (NYSE:TRTX) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of TPG RE Finance Trust (NYSE:TRTXFree Report) from a hold rating to a sell rating in a research note issued to investors on Saturday.

A number of other equities analysts have also recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of TPG RE Finance Trust in a report on Friday, May 22nd. Citigroup reiterated a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Tuesday, June 9th. JPMorgan Chase & Co. increased their price target on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. 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. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Read Our Latest Stock Analysis on TRTX

TPG RE Finance Trust Stock Down 2.5%

NYSE:TRTX opened at $7.98 on Friday. TPG RE Finance Trust has a 52 week low of $7.57 and a 52 week high of $9.85. The stock’s fifty day moving average is $8.48 and its two-hundred day moving average is $8.46. The stock has a market capitalization of $612.32 million, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 1.63 and a beta of 1.40. The company has a quick ratio of 201.40, a current ratio of 200.26 and a debt-to-equity ratio of 3.30.

TPG RE Finance Trust (NYSE:TRTXGet Free Report) last issued its quarterly earnings data 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 firm had revenue of $34.01 million during the quarter, compared to analyst estimates of $37.30 million. TPG RE Finance Trust had a net margin of 17.03% and a return on equity of 6.85%. Research analysts anticipate that TPG RE Finance Trust will post 0.93 EPS for the current year.

TPG RE Finance Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, June 26th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 12.0%. The ex-dividend date of this dividend was Friday, June 26th. TPG RE Finance Trust’s payout ratio is presently 177.78%.

Institutional Investors Weigh In On TPG RE Finance Trust

Several large investors have recently bought and sold shares of the stock. Long Pond Capital LP boosted its stake in shares of TPG RE Finance Trust by 1.9% in the 4th quarter. Long Pond Capital LP now owns 7,032,626 shares of the company’s stock valued at $60,551,000 after buying an additional 134,000 shares during the period. Vanguard Group Inc. increased its stake in shares of TPG RE Finance Trust by 5.1% during the third quarter. Vanguard Group Inc. now owns 3,957,587 shares of the company’s stock worth $33,877,000 after buying an additional 190,505 shares during the period. Goldman Sachs Group Inc. raised its holdings in TPG RE Finance Trust by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 3,930,865 shares of the company’s stock valued at $32,037,000 after acquiring an additional 192,126 shares in the last quarter. State Street Corp raised its holdings in TPG RE Finance Trust by 3.8% in the fourth quarter. State Street Corp now owns 1,793,778 shares of the company’s stock valued at $15,861,000 after acquiring an additional 65,382 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in TPG RE Finance Trust by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 1,783,107 shares of the company’s stock worth $15,357,000 after acquiring an additional 37,173 shares during the last quarter. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for TPG RE Finance Trust (NYSE:TRTX)

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