TPG RE Finance Trust (NYSE:TRTX) Stock Price Crosses Above 50-Day Moving Average - What's Next?

Key Points

• TRTX shares moved above their 50-day moving average, reaching $6.88 and last trading at $6.8350, up 5.2%. The stock remains below its 200-day moving average of $7.99.
• Analyst sentiment is mixed, with four Buy ratings, two Holds and one Sell; the consensus rating is Hold with a target price of $9.33.
• TPG RE Finance Trust missed quarterly expectations, reporting $0.07 in EPS versus the $0.25 consensus and revenue of $35.92 million versus $37.10 million expected. It also maintains a $0.24 quarterly dividend, equivalent to a 14.0% annualized yield.

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) shares passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $6.76 and traded as high as $6.88. TPG RE Finance Trust shares last traded at $6.8350, with a volume of 2,401,427 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TRTX shares. JPMorgan Chase & Co. boosted their target price on shares of 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. UBS Group cut shares of TPG RE Finance Trust to a "neutral" rating in a research report on Thursday, September 17th. Weiss Ratings downgraded TPG RE Finance Trust from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday. Wall Street Zen raised TPG RE Finance Trust from a "sell" rating to a "hold" rating in a report on Saturday, October 17th. Finally, Wells Fargo & Company cut their price objective on TPG RE Finance Trust from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 28th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $9.33.

TPG RE Finance Trust Trading Up 5.2%

The firm has a market cap of $518.30 million, a P/E ratio of 17.53, a P/E/G ratio of 1.48 and a beta of 1.47. The company has a debt-to-equity ratio of 4.05, a quick ratio of 200.26 and a current ratio of 246.28. The firm has a fifty day moving average of $6.76 and a 200-day moving average of $7.99.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last posted its earnings results on Monday, October 26th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.18). TPG RE Finance Trust had a net margin of 13.13% and a return on equity of 5.21%. The firm had revenue of $35.92 million for the quarter, compared to analyst estimates of $37.10 million. Equities research analysts forecast that TPG RE Finance Trust, Inc. will post 0.88 earnings per share for the current year.

TPG RE Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, September 28th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 14.0%. The ex-dividend date of this dividend was Monday, September 28th. TPG RE Finance Trust's dividend payout ratio (DPR) is presently 246.15%.

Institutional Trading of TPG RE Finance Trust

Several institutional investors and hedge funds have recently bought and sold shares of TRTX. Versant Capital Management Inc raised its holdings in shares of TPG RE Finance Trust by 644.0% during the third quarter. Versant Capital Management Inc now owns 6,532 shares of the company's stock worth $41,000 after acquiring an additional 5,654 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of TPG RE Finance Trust in the second quarter worth $70,000. Inscription Capital LLC bought a new stake in TPG RE Finance Trust during the third quarter valued at about $63,000. Nisa Investment Advisors LLC increased its position in TPG RE Finance Trust by 154.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 10,342 shares of the company's stock worth $67,000 after buying an additional 6,283 shares during the period. Finally, Pictet Asset Management Holding SA acquired a new position in TPG RE Finance Trust during the 1st quarter valued at $88,000. Institutional investors and hedge funds own 57.12% of the company's stock.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc is a commercial real estate finance company that operates as a real estate investment trust (REIT). The company originates, acquires and manages commercial mortgage loans secured primarily by properties in the United States.

Its portfolio is focused on transitional senior loans, which finance commercial properties undergoing lease-up, renovation, redevelopment or repositioning. These loans are generally secured by institutional-quality real estate across property types such as multifamily, office, hotel, industrial and retail.

TPG RE Finance Trust was formed in 2014 and completed its initial public offering in 2017.

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