TPG RE Finance Trust (TRTX) Earns Buy Rating from Analysts at BTIG Research

BTIG Research assumed coverage on shares of TPG RE Finance Trust (NYSE:TRTX) in a research note issued to investors on Tuesday morning. The firm issued a buy rating and a $21.50 price target on the stock.

Separately, Zacks Investment Research cut TPG RE Finance Trust from a buy rating to a hold rating in a report on Friday, August 10th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $21.90.

Shares of TRTX stock opened at $19.33 on Tuesday. The company has a current ratio of 18.34, a quick ratio of 18.34 and a debt-to-equity ratio of 2.25. The firm has a market cap of $1.32 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 2.28 and a beta of -0.44. TPG RE Finance Trust has a 52 week low of $18.22 and a 52 week high of $21.05.

TPG RE Finance Trust (NYSE:TRTX) last announced its earnings results on Monday, August 6th. The company reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. The company had revenue of $35.05 million for the quarter, compared to analysts’ expectations of $34.64 million. TPG RE Finance Trust had a return on equity of 8.10% and a net margin of 43.06%. The company’s revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts predict that TPG RE Finance Trust will post 1.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 25th. Stockholders of record on Friday, September 28th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 8.90%. The ex-dividend date is Thursday, September 27th. TPG RE Finance Trust’s payout ratio is presently 98.85%.

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of TPG RE Finance Trust during the second quarter worth $125,000. Strs Ohio grew its holdings in shares of TPG RE Finance Trust by 55.9% during the second quarter. Strs Ohio now owns 9,200 shares of the company’s stock worth $186,000 after purchasing an additional 3,300 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of TPG RE Finance Trust during the first quarter worth $199,000. A.R.T. Advisors LLC bought a new stake in shares of TPG RE Finance Trust during the first quarter worth $208,000. Finally, American International Group Inc. boosted its holdings in TPG RE Finance Trust by 76.7% in the first quarter. American International Group Inc. now owns 13,226 shares of the company’s stock valued at $263,000 after acquiring an additional 5,739 shares during the last quarter. Institutional investors own 36.87% of the company’s stock.

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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