Shares of TPG RE Finance Trust Inc (NYSE:TRTX) have been assigned a consensus rating of “Buy” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $21.20.
A number of research analysts have recently issued reports on TRTX shares. Zacks Investment Research downgraded shares of TPG RE Finance Trust from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. ValuEngine downgraded shares of TPG RE Finance Trust from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Zimmer Partners LP lifted its position in shares of TPG RE Finance Trust by 1.3% in the 4th quarter. Zimmer Partners LP now owns 881,936 shares of the company’s stock worth $16,801,000 after purchasing an additional 11,636 shares during the period. NWQ Investment Management Company LLC lifted its position in shares of TPG RE Finance Trust by 2.6% in the 4th quarter. NWQ Investment Management Company LLC now owns 670,410 shares of the company’s stock worth $12,771,000 after purchasing an additional 16,878 shares during the period. Two Sigma Investments LP acquired a new position in shares of TPG RE Finance Trust in the 4th quarter worth approximately $482,000. Deutsche Bank AG lifted its position in shares of TPG RE Finance Trust by 128.7% in the 4th quarter. Deutsche Bank AG now owns 25,641 shares of the company’s stock worth $487,000 after purchasing an additional 14,429 shares during the period. Finally, Wolverine Asset Management LLC lifted its position in shares of TPG RE Finance Trust by 9.0% in the 4th quarter. Wolverine Asset Management LLC now owns 62,095 shares of the company’s stock worth $1,182,000 after purchasing an additional 5,108 shares during the period. Hedge funds and other institutional investors own 32.11% of the company’s stock.
TPG RE Finance Trust (TRTX) traded up $0.22 during trading hours on Wednesday, reaching $19.54. 299,034 shares of the company traded hands, compared to its average volume of 276,240. The company has a debt-to-equity ratio of 1.52, a quick ratio of 10.96 and a current ratio of 10.96. TPG RE Finance Trust has a twelve month low of $18.22 and a twelve month high of $20.70.
TPG RE Finance Trust (NYSE:TRTX) last posted its earnings results on Monday, February 26th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $31.47 million for the quarter, compared to analyst estimates of $31.58 million. analysts expect that TPG RE Finance Trust will post 1.91 earnings per share for the current fiscal year.
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About TPG RE Finance Trust
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.
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