TPG RE Finance Trust (NYSE:TRTX) Sets New 52-Week High - What's Next?

Key Points

• TPG RE Finance Trust's stock reached a new 52-week high at $9.36, reflecting a positive trend in trading activity with recent volume of 383,584 shares.
• Several analysts have upgraded the stock's ratings, with the consensus now being a "Buy" and an average target price of $9.50, indicating potential for further growth.
• The company recently announced a quarterly dividend of $0.24 per share, representing a 10.4% yield and a payout ratio of 147.69%, highlighting its commitment to returning value to shareholders.

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $9.36 and last traded at $9.24, with a volume of 383584 shares trading hands. The stock had previously closed at $9.30.

Wall Street Analyst Weigh In

TRTX has been the topic of several recent analyst reports. Wells Fargo & Company raised 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 research report on Thursday, July 31st. Zacks Research upgraded shares of TPG RE Finance Trust from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen upgraded shares of TPG RE Finance Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $9.50.

TPG RE Finance Trust Stock Performance

The company has a debt-to-equity ratio of 2.75, a quick ratio of 193.29 and a current ratio of 193.29. The company has a market capitalization of $735.22 million, a P/E ratio of 14.39, a P/E/G ratio of 2.51 and a beta of 1.68. The business's fifty day simple moving average is $8.52 and its 200-day simple moving average is $8.11.

TPG RE Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, July 25th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 10.3%. The ex-dividend date was Friday, June 27th. TPG RE Finance Trust's payout ratio is currently 147.69%.

Hedge Funds Weigh In On TPG RE Finance Trust

A number of institutional investors and hedge funds have recently made changes to their positions in TRTX. CWM LLC grew its stake 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 worth $27,000 after buying an additional 2,904 shares in the last quarter. Arlington Trust Co LLC purchased a new position in shares of TPG RE Finance Trust in the 1st quarter worth $41,000. 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 buying an additional 3,013 shares in the last quarter. 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 buying an additional 4,865 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in shares of TPG RE Finance Trust by 24.5% in the 2nd 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 in the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.

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.