TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) shares reached a new 52-week high on Tuesday after Wells Fargo & Company raised their price target on the stock from $7.00 to $9.00. Wells Fargo & Company currently has an overweight rating on the stock. TPG RE Finance Trust traded as high as $8.81 and last traded at $8.80, with a volume of 39371 shares. The stock had previously closed at $8.60.
Other equities analysts also recently issued research reports about the stock. Raymond James downgraded shares of TPG RE Finance Trust from a "strong-buy" rating to an "outperform" rating and set a $8.50 target price for the company. in a research note on Friday, April 12th. Bank of America reiterated an "underperform" rating and set a $6.50 price objective on shares of TPG RE Finance Trust in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. raised their target price on TPG RE Finance Trust from $7.00 to $7.50 and gave the stock a "neutral" rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, TPG RE Finance Trust currently has a consensus rating of "Hold" and a consensus target price of $8.10.
Read Our Latest Stock Report on TRTX
Institutional Investors Weigh In On TPG RE Finance Trust
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TFO Wealth Partners LLC increased its stake in shares of TPG RE Finance Trust by 35,280.0% during the fourth quarter. TFO Wealth Partners LLC now owns 7,076 shares of the company's stock valued at $46,000 after buying an additional 7,056 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of TPG RE Finance Trust in the 3rd quarter worth about $70,000. Quantbot Technologies LP bought a new stake in shares of TPG RE Finance Trust during the 3rd quarter valued at about $80,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of TPG RE Finance Trust by 51.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,186 shares of the company's stock valued at $99,000 after buying an additional 5,128 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in TPG RE Finance Trust by 1,094.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 15,657 shares of the company's stock worth $102,000 after buying an additional 14,346 shares in the last quarter. 57.12% of the stock is currently owned by institutional investors.
TPG RE Finance Trust Stock Up 2.9 %
The company's fifty day simple moving average is $7.65 and its 200 day simple moving average is $6.62. The company has a quick ratio of 138.05, a current ratio of 138.05 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $689.15 million, a PE ratio of -5.64 and a beta of 2.10.
TPG RE Finance Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, March 28th were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.96 dividend on an annualized basis and a yield of 10.85%. TPG RE Finance Trust's dividend payout ratio (DPR) is currently -61.15%.
TPG RE Finance Trust Company Profile
(
Get Free Report)
TPG RE Finance Trust, Inc, a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.
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