TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts hold a “Moderate Buy” consensus on TPG RE Finance Trust, with four buy ratings and two holds. The average 12-month price target is $10.00, versus a recent share price of $8.05.
• The company reported quarterly EPS of $0.23, below the $0.26 consensus estimate, while revenue of $34.01 million also missed expectations of $37.30 million.
• TPG RE Finance Trust pays an annualized dividend of $0.96, equating to an 11.9% yield, but its 177.78% payout ratio indicates the dividend exceeds reported earnings.

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $10.00.

Several research firms recently issued reports on TRTX. Citigroup reissued a "market outperform" rating on shares of TPG RE Finance Trust in a research report on Tuesday, June 9th. Zacks Research upgraded shares of TPG RE Finance Trust from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 21st. Weiss Ratings upgraded shares of TPG RE Finance Trust from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday. 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. Finally, Wall Street Zen lowered shares of TPG RE Finance Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 1st.

TPG RE Finance Trust Stock Performance

Shares of TPG RE Finance Trust stock opened at $8.05 on Friday. TPG RE Finance Trust has a one year low of $7.57 and a one year high of $9.85. The firm has a market capitalization of $618.38 million, a price-to-earnings ratio of 14.92, a PEG ratio of 1.64 and a beta of 1.41. The business has a 50-day simple moving average of $8.44 and a 200 day simple moving average of $8.42. The company has a debt-to-equity ratio of 3.30, a current ratio of 200.26 and a quick ratio of 200.26.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.03). The firm had revenue of $34.01 million during the quarter, compared to the consensus estimate of $37.30 million. TPG RE Finance Trust had a return on equity of 6.85% and a net margin of 17.03%. On average, research analysts anticipate that TPG RE Finance Trust will post 0.92 earnings per share for the current fiscal year.

TPG RE Finance Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, June 26th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.96 annualized dividend and a dividend yield of 11.9%. TPG RE Finance Trust's dividend payout ratio is 177.78%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Kemnay Advisory Services Inc. purchased a new stake in TPG RE Finance Trust in the 4th quarter valued at $30,000. Kestra Advisory Services LLC purchased a new position in TPG RE Finance Trust during the 4th quarter worth $30,000. Russell Investments Group Ltd. boosted its holdings in TPG RE Finance Trust by 2,454.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company's stock worth $51,000 after acquiring an additional 5,718 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of TPG RE Finance Trust by 86.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company's stock worth $50,000 after acquiring an additional 3,013 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of TPG RE Finance Trust by 249.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company's stock worth $53,000 after acquiring an additional 4,865 shares in the last quarter. Hedge funds and other institutional investors own 57.12% of the company's stock.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc NYSE: TRTX is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.

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