Zacks Investment Research upgraded shares of TPG RE Finance Trust (NYSE:TRTX) from a hold rating to a buy rating in a research report released on Thursday, March 22nd. They currently have $22.00 price objective on the stock.
According to Zacks, “TPG RE Finance Trust, Inc. is a commercial real estate finance company. It focuses primarily on directly originating, acquiring and managing commercial mortgage loans and other commercial real estate-related debt instruments. TPG RE Finance Trust, Inc. is headquartered in SAN FRANCISCO, United States. “
Separately, ValuEngine lowered TPG RE Finance Trust from a strong-buy rating to a buy rating in a report on Wednesday, March 7th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $21.43.
TPG RE Finance Trust stock traded down $0.02 during midday trading on Thursday, hitting $19.74. The company’s stock had a trading volume of 122,269 shares, compared to its average volume of 279,098. The company has a current ratio of 10.96, a quick ratio of 10.96 and a debt-to-equity ratio of 1.52. The stock has a market cap of $1,169.28 and a PE ratio of 11.34. TPG RE Finance Trust has a 12 month low of $18.22 and a 12 month high of $20.70.
TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The firm had revenue of $31.47 million during the quarter, compared to the consensus estimate of $31.58 million. equities analysts predict that TPG RE Finance Trust will post 1.87 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 8.51%. The ex-dividend date is Wednesday, March 28th. TPG RE Finance Trust’s dividend payout ratio is currently 96.55%.
Several large investors have recently bought and sold shares of the stock. American International Group Inc. grew its stake in TPG RE Finance Trust by 532.9% in the fourth quarter. American International Group Inc. now owns 7,487 shares of the company’s stock valued at $143,000 after purchasing an additional 6,304 shares in the last quarter. First Republic Investment Management Inc. bought a new position in TPG RE Finance Trust in the fourth quarter valued at approximately $245,000. Boothbay Fund Management LLC bought a new position in TPG RE Finance Trust in the third quarter valued at approximately $275,000. California State Teachers Retirement System bought a new position in shares of TPG RE Finance Trust during the 3rd quarter worth approximately $356,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of TPG RE Finance Trust during the 3rd quarter worth approximately $390,000. Institutional investors and hedge funds own 32.45% of the company’s stock.
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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; and subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments secured by properties primarily in the office, mixed use, multifamily, industrial, retail, and hospitality real estate sectors.
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