TPG RE Finance Trust (NYSE:TRTX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TPG RE Finance Trust (NYSE:TRTX) from a sell rating to a hold rating in a research note published on Thursday.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. increased their price objective on TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Wells Fargo & Company lowered their price target on TPG RE Finance Trust from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $9.50.

TPG RE Finance Trust Trading Up 0.3%

Shares of TPG RE Finance Trust stock opened at $7.57 on Thursday. The firm has a market capitalization of $604.84 million, a price-to-earnings ratio of 10.10, a PEG ratio of 0.25 and a beta of 1.63. TPG RE Finance Trust has a fifty-two week low of $6.47 and a fifty-two week high of $9.66. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81. The stock has a 50 day moving average of $7.65 and a 200 day moving average of $8.31.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.18). The business had revenue of $34.74 million during the quarter, compared to analysts’ expectations of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. As a group, research analysts predict that TPG RE Finance Trust will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were given a dividend of $0.24 per share. The ex-dividend date was Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 12.67%. TPG RE Finance Trust’s dividend payout ratio is currently 137.14%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Long Pond Capital LP raised its stake in shares of TPG RE Finance Trust by 117.1% in the fourth quarter. Long Pond Capital LP now owns 7,303,626 shares of the company’s stock valued at $62,081,000 after acquiring an additional 3,938,800 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in TPG RE Finance Trust by 3,783.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,324,357 shares of the company’s stock valued at $10,794,000 after buying an additional 1,290,256 shares in the last quarter. Wellington Management Group LLP acquired a new stake in TPG RE Finance Trust in the fourth quarter valued at $5,983,000. Van ECK Associates Corp acquired a new stake in TPG RE Finance Trust in the fourth quarter valued at $5,588,000. Finally, Solel Partners LP acquired a new stake in TPG RE Finance Trust in the fourth quarter valued at $5,097,000. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

TPG RE Finance Trust Company Profile

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.