BidaskClub Lowers TPG RE Finance Trust (NYSE:TRTX) to Hold

BidaskClub cut shares of TPG RE Finance Trust (NYSE:TRTX) from a buy rating to a hold rating in a research note issued to investors on Friday, BidAskClub reports.

Several other research analysts also recently weighed in on the stock. Raymond James raised shares of TPG RE Finance Trust from an outperform rating to a strong-buy rating and set a $13.00 target price for the company in a report on Friday, November 20th. They noted that the move was a valuation call. ValuEngine upgraded shares of TPG RE Finance Trust from a buy rating to a strong-buy rating in a research note on Tuesday, October 6th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. TPG RE Finance Trust has a consensus rating of Buy and an average price target of $9.50.

Shares of TPG RE Finance Trust stock opened at $10.62 on Friday. The company has a market capitalization of $815.16 million, a P/E ratio of -6.44 and a beta of 1.81. The company has a debt-to-equity ratio of 2.89, a quick ratio of 239.26 and a current ratio of 239.26. The company has a fifty day moving average of $10.42 and a 200 day moving average of $8.98. TPG RE Finance Trust has a fifty-two week low of $2.45 and a fifty-two week high of $21.30.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 22nd. Shareholders of record on Monday, December 28th will be paid a $0.38 dividend. The ex-dividend date is Thursday, December 24th. This represents a $1.52 annualized dividend and a yield of 14.31%. This is a boost from TPG RE Finance Trust’s previous quarterly dividend of $0.20. TPG RE Finance Trust’s payout ratio is presently 45.45%.

Hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its position in shares of TPG RE Finance Trust by 124.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,437,309 shares of the company’s stock valued at $12,361,000 after buying an additional 797,572 shares in the last quarter. Timbercreek Investment Management Inc. raised its position in shares of TPG RE Finance Trust by 55.6% during the 3rd quarter. Timbercreek Investment Management Inc. now owns 2,139,029 shares of the company’s stock valued at $18,588,000 after buying an additional 763,905 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of TPG RE Finance Trust by 55.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,029,264 shares of the company’s stock valued at $8,708,000 after buying an additional 367,999 shares in the last quarter. Vanguard Group Inc. raised its position in shares of TPG RE Finance Trust by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 5,385,415 shares of the company’s stock valued at $46,314,000 after buying an additional 227,400 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of TPG RE Finance Trust by 3.1% during the 3rd quarter. BlackRock Inc. now owns 5,578,866 shares of the company’s stock valued at $47,197,000 after buying an additional 165,637 shares in the last quarter. Institutional investors and hedge funds own 58.72% of the company’s stock.

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 North America. 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 office, mixed use, multifamily, industrial, retail, and hospitality real estate sectors.

Further Reading: Basic Economics

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