TPG RE Finance Trust (NYSE:TRTX) Hits New 52-Week Low - Here's Why

Key Points

• TPG RE Finance Trust shares hit a new 52-week low of $7.25 and were recently trading near $7.25, below both their 50-day and 200-day moving averages.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and a $10.00 price target, although UBS and Weiss Ratings recently downgraded the stock to “Neutral” and “Hold,” respectively.
• The company reported quarterly EPS and revenue below analyst expectations but maintained a quarterly dividend of $0.24 per share, implying a high annualized yield of 13.3%; its dividend payout ratio stands at 177.78%.

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report)'s stock price reached a new 52-week low on Friday . The stock traded as low as $7.25 and last traded at $7.2470, with a volume of 91301 shares traded. The stock had previously closed at $7.29.

Analyst Ratings Changes

A number of research analysts have recently commented on TRTX shares. UBS Group cut shares of TPG RE Finance Trust to a "neutral" rating in a report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the company an "overweight" rating in a report on Friday, July 17th. Citigroup reissued a "market outperform" rating on shares of TPG RE Finance Trust in a research report on Thursday. Wall Street Zen upgraded shares of TPG RE Finance Trust from a "sell" rating to a "hold" rating in a research note on Saturday, September 5th. Finally, Weiss Ratings downgraded shares of TPG RE Finance Trust from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, September 1st. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $10.00.

TPG RE Finance Trust Trading Down 0.8%

The company has a debt-to-equity ratio of 3.30, a quick ratio of 200.26 and a current ratio of 200.26. The company has a market capitalization of $555.42 million, a P/E ratio of 13.40, a PEG ratio of 1.61 and a beta of 1.42. The company's fifty day simple moving average is $8.02 and its 200-day simple moving average is $8.19.

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). TPG RE Finance Trust had a net margin of 17.03% and a return on equity of 6.85%. The business had revenue of $34.01 million during the quarter, compared to the consensus estimate of $37.30 million. Research analysts predict that TPG RE Finance Trust, Inc. will post 0.92 earnings per share for the current year.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Monday, September 28th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, September 28th. This represents a $0.96 dividend on an annualized basis and a yield of 13.3%. TPG RE Finance Trust's dividend payout ratio is currently 177.78%.

Institutional Trading of TPG RE Finance Trust

Several hedge funds and other institutional investors have recently bought and sold shares of TRTX. BlackRock Inc. purchased a new position in shares of TPG RE Finance Trust in the 2nd quarter valued at $54,386,000. Arrowstreet Capital Limited Partnership lifted 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 purchasing an additional 350,020 shares during the last quarter. Van ECK Associates Corp boosted its position in TPG RE Finance Trust by 9.3% during the second 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 in the last quarter. One William Street Capital Management L.P. boosted its position in 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, UBS Group AG grew its stake in TPG RE Finance Trust by 34.4% in the fourth quarter. UBS Group AG now owns 451,997 shares of the company's stock valued at $3,892,000 after purchasing an additional 115,787 shares during the last quarter. Institutional investors own 57.12% of the company's stock.

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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