TPG RE Finance Trust Inc (TRTX) Given Consensus Recommendation of “Buy” by Brokerages

TPG RE Finance Trust Inc (NYSE:TRTX) has been given a consensus recommendation of “Buy” by the six research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $21.20.

Several research firms recently weighed in on TRTX. Citigroup reaffirmed a “neutral” rating and issued a $22.00 price objective on shares of TPG RE Finance Trust in a research note on Tuesday, October 17th. Zacks Investment Research downgraded TPG RE Finance Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th.

Shares of TPG RE Finance Trust (TRTX) traded up $0.12 during mid-day trading on Thursday, hitting $18.94. The stock had a trading volume of 75,582 shares, compared to its average volume of 71,713. The stock has a market cap of $1,120.00 and a P/E ratio of 12.80. TPG RE Finance Trust has a fifty-two week low of $18.61 and a fifty-two week high of $20.70. The company has a current ratio of 10.75, a quick ratio of 10.75 and a debt-to-equity ratio of 1.27.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings data on Monday, November 6th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $27.58 million during the quarter, compared to analysts’ expectations of $26.00 million. During the same period in the previous year, the business earned $0.43 earnings per share. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. analysts expect that TPG RE Finance Trust will post 1.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Friday, December 29th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 8.03%. The ex-dividend date of this dividend was Thursday, December 28th. TPG RE Finance Trust’s payout ratio is currently 48.30%.

In other news, CEO Greta Guggenheim acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average cost of $19.19 per share, with a total value of $191,900.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

A number of institutional investors have recently added to or reduced their stakes in TRTX. State of New Jersey Common Pension Fund D purchased a new position in TPG RE Finance Trust during the third quarter worth $791,000. Bank of New York Mellon Corp purchased a new position in TPG RE Finance Trust during the third quarter worth $652,000. HGI Capital Management LLC purchased a new position in TPG RE Finance Trust during the third quarter worth $459,000. Schwab Charles Investment Management Inc. purchased a new position in TPG RE Finance Trust during the third quarter worth $790,000. Finally, California State Teachers Retirement System purchased a new position in TPG RE Finance Trust during the third quarter worth $356,000. 26.38% of the stock is owned by institutional investors.

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About TPG RE Finance Trust

TPG RE Finance Trust, Inc is a commercial real estate finance company. The Company is engaged in originating, acquiring and managing commercial mortgage loans and other commercial real estate-related debt instruments. It focuses primarily on directly originating and selectively acquiring floating rate first mortgage loans that are secured by high quality commercial real estate properties undergoing some form of transition and value creation, such as re-tenanting, refurbishment or other form of repositioning.

Analyst Recommendations for TPG RE Finance Trust (NYSE:TRTX)

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