TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analyst sentiment is moderately positive: Seven brokerages give TPG RE Finance Trust a consensus “Moderate Buy” rating, with four buys and three holds. The average 12-month price target is $10.00 versus a recent share price of $6.54.
• Quarterly results fell short of expectations: The company reported earnings of $0.23 per share and revenue of $34.01 million, missing analyst estimates of $0.26 and $37.30 million, respectively.
• The dividend offers a high yield but exceeds earnings: TPG RE Finance Trust declared a quarterly dividend of $0.24, equivalent to $0.96 annually and a 14.7% yield, while its dividend payout ratio stands at 177.78%.

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven brokerages that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $10.00.

A number of research firms have recently weighed in on TRTX. JPMorgan Chase & Co. lifted their price objective on TPG RE Finance Trust from $9.50 to $10.00 and gave the company an "overweight" rating in a research report on Friday, July 17th. Citigroup reissued a "market outperform" rating on shares of TPG RE Finance Trust in a report on Thursday, September 17th. UBS Group downgraded shares of TPG RE Finance Trust to a "neutral" rating in a report on Thursday, September 17th. Wall Street Zen lowered shares of TPG RE Finance Trust from a "hold" rating to a "sell" rating in a research report on Saturday, September 19th. Finally, Weiss Ratings cut shares of TPG RE Finance Trust from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, September 18th.

TPG RE Finance Trust Stock Down 1.1%

Shares of TRTX stock opened at $6.54 on Friday. The company has a current ratio of 200.26, a quick ratio of 200.26 and a debt-to-equity ratio of 3.30. TPG RE Finance Trust has a 12 month low of $6.53 and a 12 month high of $9.37. The stock has a market cap of $502.45 million, a P/E ratio of 12.12, a P/E/G ratio of 1.45 and a beta of 1.42. The company has a 50 day simple moving average of $7.82 and a two-hundred day simple moving average of $8.13.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.03). The business had revenue of $34.01 million for the quarter, compared to the consensus estimate of $37.30 million. TPG RE Finance Trust had a net margin of 17.03% and a return on equity of 6.85%. On average, research analysts expect that TPG RE Finance Trust will post 0.92 earnings per share for the current year.

TPG RE Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Monday, September 28th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, September 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 14.7%. TPG RE Finance Trust's dividend payout ratio is 177.78%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TRTX. BlackRock Inc. purchased a new stake in TPG RE Finance Trust during the 2nd quarter valued at approximately $54,386,000. Arrowstreet Capital Limited Partnership boosted its holdings 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 purchasing an additional 350,020 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of TPG RE Finance Trust by 9.3% during the 2nd quarter. Van ECK Associates Corp now owns 816,098 shares of the company's stock valued at $6,831,000 after purchasing an additional 69,463 shares during the last quarter. One William Street Capital Management L.P. grew its position in shares of TPG RE Finance Trust by 13.4% during the fourth quarter. One William Street Capital Management L.P. now owns 476,961 shares of the company's stock valued at $4,107,000 after purchasing an additional 56,291 shares in the last quarter. Finally, Almitas Capital LLC bought a new stake in shares of TPG RE Finance Trust in the second quarter worth about $3,036,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc is a real estate investment trust that originates, acquires and manages commercial real estate loans. The company primarily focuses on senior mortgage loans secured by institutional-quality properties in major U.S. markets.

Its portfolio may include loans backed by a range of commercial property types, such as multifamily, office, hospitality, industrial, retail and other commercial assets. TPG RE Finance Trust generally seeks to provide financing to owners and operators of income-producing real estate while managing credit, interest-rate and other investment risks.

The company was established in 2014 and is externally managed by TPG RE Finance Trust Management, LLC, an affiliate of global alternative asset manager TPG Inc Through its relationship with TPG, the company benefits from access to real estate investment and lending expertise.

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