TPG RE Finance Trust (TRTX) Cut to Strong Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of TPG RE Finance Trust (NYSE:TRTX) from a hold rating to a strong sell rating in a research note issued to investors on Friday.

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, BTIG Research began coverage on shares of TPG RE Finance Trust in a report on Tuesday, October 9th. They issued a buy rating and a $21.50 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. TPG RE Finance Trust presently has an average rating of Hold and a consensus price target of $21.88.



TRTX opened at $19.78 on Friday. The company has a current ratio of 18.34, a quick ratio of 18.34 and a debt-to-equity ratio of 2.25. TPG RE Finance Trust has a fifty-two week low of $18.22 and a fifty-two week high of $21.05. The stock has a market capitalization of $1.30 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 2.25 and a beta of -0.44.

TPG RE Finance Trust (NYSE:TRTX) last posted its earnings results on Monday, August 6th. The company reported $0.44 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.44. TPG RE Finance Trust had a net margin of 43.06% and a return on equity of 8.10%. The company had revenue of $35.05 million for the quarter, compared to analyst estimates of $34.64 million. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities analysts forecast that TPG RE Finance Trust will post 1.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 25th. Shareholders of record on Friday, September 28th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date of this dividend was Thursday, September 27th. TPG RE Finance Trust’s payout ratio is 98.85%.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its position in TPG RE Finance Trust by 6.2% in the 2nd quarter. BlackRock Inc. now owns 5,704,439 shares of the company’s stock worth $115,915,000 after purchasing an additional 334,011 shares in the last quarter. Timbercreek Investment Management Inc. grew its position in TPG RE Finance Trust by 4.1% in the 3rd quarter. Timbercreek Investment Management Inc. now owns 426,723 shares of the company’s stock worth $8,543,000 after purchasing an additional 16,700 shares in the last quarter. KAMES CAPITAL plc bought a new stake in TPG RE Finance Trust in the 3rd quarter worth about $7,660,000. Northern Trust Corp grew its position in TPG RE Finance Trust by 51.2% in the 2nd quarter. Northern Trust Corp now owns 311,353 shares of the company’s stock worth $6,327,000 after purchasing an additional 105,439 shares in the last quarter. Finally, LDR Capital Management LLC bought a new stake in TPG RE Finance Trust in the 3rd quarter worth about $5,079,000. 37.86% of the stock is owned by institutional investors and hedge funds.

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; 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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