Analysts Set TPG RE Finance Trust, Inc. (NYSE:TRTX) Target Price at $9.08

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $9.08.

Separately, JPMorgan Chase & Co. raised TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $9.00 to $9.50 in a research report on Thursday, October 17th.

TPG RE Finance Trust Stock Performance

Shares of TRTX opened at $8.77 on Wednesday. The company has a debt-to-equity ratio of 2.03, a current ratio of 152.83 and a quick ratio of 152.83. The firm has a 50-day moving average of $8.81 and a 200-day moving average of $8.73. The company has a market cap of $709.74 million, a PE ratio of 12.71, a price-to-earnings-growth ratio of 0.25 and a beta of 2.17. TPG RE Finance Trust has a one year low of $5.12 and a one year high of $9.66.

TPG RE Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, December 27th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, December 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.95%. TPG RE Finance Trust’s payout ratio is presently 139.13%.

Institutional Investors Weigh In On TPG RE Finance Trust

Several institutional investors have recently made changes to their positions in TRTX. Meeder Asset Management Inc. raised its holdings in TPG RE Finance Trust by 88.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 5,847 shares of the company’s stock valued at $50,000 after acquiring an additional 2,742 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of TPG RE Finance Trust by 24.3% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 14,563 shares of the company’s stock worth $126,000 after purchasing an additional 2,850 shares during the period. Cerity Partners LLC raised its stake in TPG RE Finance Trust by 6.4% in the third quarter. Cerity Partners LLC now owns 68,991 shares of the company’s stock valued at $588,000 after purchasing an additional 4,158 shares in the last quarter. Golden State Equity Partners lifted its position in TPG RE Finance Trust by 5.4% during the third quarter. Golden State Equity Partners now owns 105,170 shares of the company’s stock worth $897,000 after purchasing an additional 5,410 shares during the period. Finally, McIlrath & Eck LLC bought a new position in TPG RE Finance Trust in the 3rd quarter valued at about $58,000. 57.12% of the stock is currently owned by 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.