TPG RE Finance Trust, Inc. Receives Average Rating of 'Moderate Buy'

TPG RE Finance Trust, Inc. (NYSE:TRTX) has recently been given an average analyst rating of "Moderate Buy" from six research firms monitoring the company, according to MarketBeat.com. Among these analysts, one has assigned a sell rating, while five have rated the stock as a buy. The consensus target price set by analysts over the past year is approximately $8.92.

In a recent report, JPMorgan Chase & Co. reduced its price target for TPG RE Finance Trust from $9.50 to $8.50, maintaining an "overweight" rating on the stock.

Recent Stock Performance

As of Thursday, shares of TPG RE Finance Trust opened at $8.60. Over the past year, the stock has experienced a low of $5.12 and a high of $9.66. Currently, the company holds a market capitalization of $695.59 million, with a price-to-earnings ratio of 12.46 and a PEG ratio of 0.27. The stock displays a beta of 2.16, indicating higher volatility than the overall market. The fifty-day moving average price for the stock is $8.61, while the two-hundred day moving average price stands at $8.66. Notably, the company has a current ratio and quick ratio both measured at 152.83, alongside a debt-to-equity ratio of 2.03.

Dividend Information

TPG RE Finance Trust also announced a quarterly dividend, which was distributed on January 24th. Shareholders who were on record as of December 27th received a dividend payment of $0.24 per share. This amounts to an annualized dividend of $0.96, translating to a dividend yield of 11.17%. The ex-dividend date for this payment was December 27th, and the firm's payout ratio is reported at 139.13%.

Institutional Investor Activity

Recent moves by institutional investors indicate increased interest in TPG RE Finance Trust. For instance, during the third quarter, Two Sigma Advisers LP significantly increased its holdings by 162.0%, now owning 1,282,500 shares valued at approximately $10,940,000 after acquiring an additional 793,000 shares. Van ECK Associates Corp also established a new investment in the fourth quarter worth around $5,588,000. Additionally, Millennium Management LLC bolstered its holdings by 30.3% in the second quarter, acquiring 273,086 additional shares, bringing its total to 1,174,646 shares valued at $10,149,000. Other institutional players, such as Kovitz Investment Group Partners LLC and Segall Bryant & Hamill LLC, have recently purchased stakes in TPG RE Finance Trust, indicating that institutional investors now own 57.12% of the company's shares.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc. is a commercial real estate finance organization that engages in the origination, acquisition, and management of commercial mortgage loans and other real estate-related debt instruments across the United States. The company invests in a range of products, including commercial mortgage loans, subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and other debt instruments. Its focus areas include multifamily, life science, mixed-use, hospitality, self-storage, industrial, and retail real estate sectors.

TPG, Finance, Analysts