TPG RE Finance Trust, Inc. (NYSE:TRTX) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analyst sentiment is moderately bullish: Five of six analysts rate TPG RE Finance Trust a “buy,” while one recommends holding. The average 12-month price target is $10.00, compared with a recent share price of $7.70.
• Quarterly results missed expectations: The company reported earnings of $0.23 per share and revenue of $34.01 million, below analyst estimates of $0.26 EPS and $37.30 million in revenue.
• Institutional ownership remains substantial: Hedge funds and other institutional investors own 57.12% of the stock, while the company’s quarterly dividend equates to a $0.96 annual payout and a 12.5% yield.

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $10.00.

A number of analysts have recently commented on the company. Weiss Ratings upgraded TPG RE Finance Trust from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 17th. Wall Street Zen downgraded TPG RE Finance Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. JPMorgan Chase & Co. upped their price objective on 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, Citigroup reaffirmed a "market outperform" rating on shares of TPG RE Finance Trust in a research note on Tuesday, June 9th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its stake 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 worth $7,260,000 after acquiring an additional 350,020 shares in the last quarter. Almitas Capital LLC purchased a new position in shares of TPG RE Finance Trust in the 2nd quarter valued at about $3,036,000. UBS Group AG raised 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 purchasing an additional 115,787 shares during the period. Jennison Associates LLC acquired a new position in TPG RE Finance Trust in the 1st quarter worth about $1,330,000. Finally, BlackRock Inc. purchased a new position in TPG RE Finance Trust during the second quarter worth approximately $54,386,000. Hedge funds and other institutional investors own 57.12% of the company's stock.

TPG RE Finance Trust Trading Down 0.4%

NYSE TRTX opened at $7.70 on Wednesday. The company has a market capitalization of $591.13 million, a PE ratio of 14.26, a P/E/G ratio of 1.70 and a beta of 1.42. The company has a fifty day moving average of $8.22 and a 200 day moving average of $8.27. TPG RE Finance Trust has a 1 year low of $7.57 and a 1 year high of $9.85. The company has a debt-to-equity ratio of 3.30, a current ratio of 200.26 and a quick ratio of 200.26.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 EPS for the quarter, missing the consensus estimate 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 net margin of 17.03% and a return on equity of 6.85%. Research analysts forecast that TPG RE Finance Trust will post 0.92 earnings per share for the current year.

TPG RE Finance Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, June 26th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.96 dividend on an annualized basis and a yield of 12.5%. TPG RE Finance Trust's dividend payout ratio is 177.78%.

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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