TPG RE Finance Trust, Inc. (NYSE:TRTX) Receives $7.70 Consensus Target Price from Analysts

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have been given an average recommendation of “Hold” by the five ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $7.70.

A number of equities analysts recently issued reports on the company. Raymond James cut TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 target price on the stock. in a report on Friday, April 12th. Bank of America reissued an “underperform” rating and issued a $6.50 price target on shares of TPG RE Finance Trust in a research note on Monday, March 4th. Wells Fargo & Company upped their price objective on shares of TPG RE Finance Trust from $6.00 to $7.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of TPG RE Finance Trust from $7.00 to $7.50 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th.

Institutional Trading of TPG RE Finance Trust

Several institutional investors have recently made changes to their positions in TRTX. Raymond James & Associates boosted its stake in TPG RE Finance Trust by 61.9% during the 1st quarter. Raymond James & Associates now owns 71,955 shares of the company’s stock valued at $850,000 after purchasing an additional 27,501 shares during the period. Acadian Asset Management LLC bought a new stake in shares of TPG RE Finance Trust in the first quarter valued at approximately $53,000. MetLife Investment Management LLC grew its stake in shares of TPG RE Finance Trust by 55.4% in the first quarter. MetLife Investment Management LLC now owns 32,389 shares of the company’s stock worth $383,000 after acquiring an additional 11,549 shares during the last quarter. Allianz Asset Management GmbH bought a new position in TPG RE Finance Trust during the first quarter worth $4,095,000. Finally, Dakota Wealth Management acquired a new position in TPG RE Finance Trust during the 1st quarter valued at $341,000. 57.12% of the stock is currently owned by institutional investors and hedge funds.

TPG RE Finance Trust Stock Performance

TPG RE Finance Trust stock opened at $7.37 on Friday. TPG RE Finance Trust has a 1 year low of $4.64 and a 1 year high of $8.12. The firm’s 50 day moving average price is $7.15 and its two-hundred day moving average price is $6.46. The company has a debt-to-equity ratio of 2.46, a quick ratio of 158.41 and a current ratio of 158.41.

TPG RE Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, March 28th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 13.03%. TPG RE Finance Trust’s dividend payout ratio is -56.80%.

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.