TPG RE Finance Trust (NYSE:TRTX) Hits New 52-Week Low - Should You Sell?

Key Points

• TPG RE Finance Trust shares fell 5.4% to $6.80, setting a new 52-week low and trading below both its 50-day and 200-day moving averages.
• Analyst sentiment remains mixed: UBS downgraded the stock to “neutral” and Wall Street Zen issued a “sell” rating, while JPMorgan raised its price target to $10.00. Overall, analysts maintain a “Moderate Buy” consensus with an average target of $10.00.
• The company missed quarterly earnings and revenue estimates, reporting $0.23 EPS versus $0.26 expected and $34.01 million in revenue versus $37.30 million expected. It declared a quarterly dividend of $0.24, implying a 14.1% annualized yield, though its payout ratio is high at 177.78%.

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $6.80 and last traded at $6.8050, with a volume of 1532885 shares changing hands. The stock had previously closed at $7.19.

Analyst Ratings Changes

Several analysts have recently commented on TRTX shares. UBS Group cut TPG RE Finance Trust to a "neutral" rating in a research report on Thursday, September 17th. JPMorgan Chase & Co. increased their price objective on TPG RE Finance Trust from $9.50 to $10.00 and gave the stock an "overweight" rating in a research note on Friday, July 17th. Wall Street Zen lowered TPG RE Finance Trust from a "hold" rating to a "sell" rating in a research report on Saturday, September 19th. Weiss Ratings lowered TPG RE Finance Trust from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, September 18th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of TPG RE Finance Trust in a research note on Thursday, September 17th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $10.00.

TPG RE Finance Trust Trading Down 5.4%

The company has a debt-to-equity ratio of 3.30, a current ratio of 200.26 and a quick ratio of 200.26. The company has a fifty day moving average of $7.91 and a 200-day moving average of $8.15. The firm has a market capitalization of $522.41 million, a PE ratio of 12.60, a price-to-earnings-growth ratio of 1.58 and a beta of 1.42.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last released 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). TPG RE Finance Trust had a net margin of 17.03% and a return on equity of 6.85%. The firm had revenue of $34.01 million for the quarter, compared to analyst estimates of $37.30 million. On average, sell-side analysts anticipate that TPG RE Finance Trust, Inc. will post 0.92 earnings per share for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Investors 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 annualized dividend and a dividend yield of 14.1%. TPG RE Finance Trust's payout ratio is presently 177.78%.

Hedge Funds Weigh In On TPG RE Finance Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new position in shares of TPG RE Finance Trust during the 2nd quarter worth $70,000. Pictet Asset Management Holding SA acquired a new position in TPG RE Finance Trust during the first quarter worth $88,000. Ieq Capital LLC acquired a new position in TPG RE Finance Trust during the second quarter worth $128,000. The Manufacturers Life Insurance Company bought a new position in TPG RE Finance Trust during the second quarter valued at about $150,000. Finally, Quantinno Capital Management LP raised its holdings in TPG RE Finance Trust by 30.0% during the first quarter. Quantinno Capital Management LP now owns 19,644 shares of the company's stock valued at $153,000 after buying an additional 4,537 shares in the last quarter. Institutional investors own 57.12% of the company's stock.

TPG RE Finance Trust Company Profile

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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