TPG RE Finance Trust, Inc. (NYSE:TRTX) Given Average Rating of "Hold" by Brokerages

Key Points

• TPG RE Finance Trust, Inc. has received an average rating of "Hold" from analysts, with a target price of $9.50 from recent reports.
• The company has announced a quarterly dividend of $0.24 per share, reflecting an annualized yield of 11.4%, but has a payout ratio of 147.69%.
• TPG RE Finance Trust is initiating a $25 million share buyback plan, indicating that its leadership believes the stock may be undervalued.

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) have received an average recommendation of "Hold" from the seven ratings firms that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $9.50.

TRTX has been the subject of several recent analyst reports. JMP Securities restated a "market perform" rating on shares of TPG RE Finance Trust in a research report on Wednesday, September 17th. Zacks Research cut shares of TPG RE Finance Trust from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Wall Street Zen downgraded TPG RE Finance Trust from a "hold" rating to a "sell" rating in a report on Saturday, September 20th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of TPG RE Finance Trust in a research note on Wednesday. Finally, Wells Fargo & Company lifted their price objective on shares of TPG RE Finance Trust from $9.00 to $11.00 and gave the company an "overweight" rating in a report on Thursday, July 31st.

TPG RE Finance Trust Price Performance

TPG RE Finance Trust stock opened at $8.44 on Friday. The firm's fifty day moving average is $9.07 and its 200 day moving average is $8.23. TPG RE Finance Trust has a 52-week low of $6.47 and a 52-week high of $9.85. The company has a quick ratio of 193.29, a current ratio of 193.29 and a debt-to-equity ratio of 2.75. The company has a market cap of $663.30 million, a price-to-earnings ratio of 12.98, a PEG ratio of 2.27 and a beta of 1.68.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last issued its quarterly earnings data on Monday, June 6th. The company reported $0.27 earnings per share for the quarter. The company had revenue of $40.06 million for the quarter. TPG RE Finance Trust had a return on equity of 6.61% and a net margin of 21.09%. Sell-side analysts forecast that TPG RE Finance Trust will post 0.99 EPS for the current fiscal year.

TPG RE Finance Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, September 26th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 11.4%. The ex-dividend date is Friday, September 26th. TPG RE Finance Trust's payout ratio is 147.69%.

TPG RE Finance Trust announced that its board has approved a share buyback plan on Thursday, September 4th that permits the company to buyback $25.00 million in shares. This buyback authorization permits the company to reacquire up to 3.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Institutional Investors Weigh In On TPG RE Finance Trust

A number of large investors have recently modified their holdings of the business. State Board of Administration of Florida Retirement System raised its position in shares of TPG RE Finance Trust by 1.7% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 65,791 shares of the company's stock valued at $508,000 after purchasing an additional 1,118 shares during the last quarter. ProShare Advisors LLC increased its stake in TPG RE Finance Trust by 8.9% during the 2nd quarter. ProShare Advisors LLC now owns 14,055 shares of the company's stock valued at $109,000 after purchasing an additional 1,144 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of TPG RE Finance Trust by 24.5% in the second quarter. Ameritas Investment Partners Inc. now owns 6,998 shares of the company's stock worth $54,000 after buying an additional 1,375 shares during the last quarter. New Age Alpha Advisors LLC lifted its stake in shares of TPG RE Finance Trust by 38.8% during the first quarter. New Age Alpha Advisors LLC now owns 7,009 shares of the company's stock worth $57,000 after buying an additional 1,959 shares during the period. Finally, CWM LLC increased its position in shares of TPG RE Finance Trust by 473.7% in the 2nd quarter. CWM LLC now owns 3,517 shares of the company's stock valued at $27,000 after acquiring an additional 2,904 shares during the period. Hedge funds and other institutional investors own 57.12% of the company's stock.

About TPG RE Finance Trust

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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