TPG RE Finance Trust, Inc. (TRTX) Receives $21.20 Consensus Price Target from Brokerages

TPG RE Finance Trust, Inc. (NYSE:TRTX) has earned an average recommendation of “Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $21.20.

A number of equities analysts have recently issued reports on TRTX shares. Citigroup started coverage on shares of TPG RE Finance Trust in a research note on Monday, August 14th. They set a “neutral” rating and a $22.00 price objective on the stock. J P Morgan Chase & Co assumed coverage on shares of TPG RE Finance Trust in a research note on Monday, August 14th. They issued a “neutral” rating and a $20.50 target price for the company. Bank of America assumed coverage on shares of TPG RE Finance Trust in a research note on Monday, August 14th. They issued a “buy” rating and a $21.00 target price for the company. Deutsche Bank assumed coverage on shares of TPG RE Finance Trust in a research note on Friday, August 18th. They issued a “buy” rating and a $21.00 target price for the company. Finally, JMP Securities assumed coverage on shares of TPG RE Finance Trust in a research note on Friday, August 18th. They issued an “outperform” rating and a $21.50 target price for the company.

TPG RE Finance Trust (NYSE:TRTX) remained flat at $$19.45 during midday trading on Wednesday. 45,033 shares of the company traded hands, compared to its average volume of 53,022. The company has a debt-to-equity ratio of 1.27, a quick ratio of 10.75 and a current ratio of 10.75. TPG RE Finance Trust has a 1-year low of $18.61 and a 1-year high of $20.70.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings data on Monday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. The business had revenue of $27.58 million for the quarter, compared to the consensus estimate of $26.00 million. During the same quarter in the prior year, the business posted $0.43 earnings per share. TPG RE Finance Trust’s revenue for the quarter was up 17.5% on a year-over-year basis. analysts predict that TPG RE Finance Trust will post 1.96 EPS for the current year.

In other news, CEO Greta Guggenheim bought 10,000 shares of the stock in a transaction on Friday, December 1st. The stock was bought at an average cost of $19.19 per share, for a total transaction of $191,900.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Several hedge funds and other institutional investors have recently bought and sold shares of TRTX. Alyeska Investment Group L.P. purchased a new position in shares of TPG RE Finance Trust in the third quarter worth $22,073,000. NWQ Investment Management Company LLC purchased a new position in shares of TPG RE Finance Trust in the third quarter worth $12,920,000. Blackstone Group L.P. purchased a new position in shares of TPG RE Finance Trust in the third quarter worth $9,507,000. Magnetar Financial LLC purchased a new position in shares of TPG RE Finance Trust in the third quarter worth $3,954,000. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of TPG RE Finance Trust in the third quarter worth $791,000. 26.37% of the stock is owned by institutional investors and hedge funds.

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TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc is a commercial real estate finance company. The Company is engaged in originating, acquiring and managing commercial mortgage loans and other commercial real estate-related debt instruments. It focuses primarily on directly originating and selectively acquiring floating rate first mortgage loans that are secured by high quality commercial real estate properties undergoing some form of transition and value creation, such as re-tenanting, refurbishment or other form of repositioning.

Analyst Recommendations for TPG RE Finance Trust (NYSE:TRTX)

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