TPG RE Finance Trust (NYSE:TRTX) was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.
Separately, Zacks Investment Research lowered shares of TPG RE Finance Trust from a “buy” rating to a “hold” rating in a report on Saturday, November 11th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. TPG RE Finance Trust presently has an average rating of “Buy” and a consensus target price of $21.33.
TPG RE Finance Trust (NYSE TRTX) opened at $19.32 on Wednesday. TPG RE Finance Trust has a 12-month low of $18.22 and a 12-month high of $20.70. The company has a debt-to-equity ratio of 1.52, a current ratio of 10.96 and a quick ratio of 10.96.
TPG RE Finance Trust (NYSE:TRTX) last released its earnings results on Monday, February 26th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. The business had revenue of $31.47 million for the quarter, compared to analysts’ expectations of $31.58 million. research analysts expect that TPG RE Finance Trust will post 1.91 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in TRTX. Bank of New York Mellon Corp purchased a new stake in shares of TPG RE Finance Trust during the third quarter worth $652,000. HGI Capital Management LLC purchased a new stake in shares of TPG RE Finance Trust during the third quarter worth $459,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of TPG RE Finance Trust during the third quarter worth $790,000. California State Teachers Retirement System purchased a new stake in shares of TPG RE Finance Trust during the third quarter worth $356,000. Finally, NWQ Investment Management Company LLC purchased a new stake in shares of TPG RE Finance Trust during the third quarter worth $12,920,000. 32.11% 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.
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