TPG RE Finance Trust (NYSE:TRTX) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday.
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 initiated coverage on shares of TPG RE Finance Trust in a research report on Tuesday, October 9th. They issued a “buy” rating and a $21.50 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. TPG RE Finance Trust presently has an average rating of “Buy” and an average price target of $21.88.
NYSE TRTX traded down $0.01 during trading hours on Thursday, hitting $19.34. The company’s stock had a trading volume of 5,394 shares, compared to its average volume of 146,754. TPG RE Finance Trust has a 52 week low of $17.81 and a 52 week high of $21.05. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 2.05 and a beta of 0.13. The company has a debt-to-equity ratio of 2.12, a quick ratio of 36.68 and a current ratio of 36.68.
TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings results on Monday, November 5th. The company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.02). TPG RE Finance Trust had a net margin of 41.60% and a return on equity of 8.41%. The business had revenue of $36.60 million during the quarter, compared to the consensus estimate of $35.90 million. During the same period in the previous year, the business posted $0.35 EPS. TPG RE Finance Trust’s revenue was up 32.6% compared to the same quarter last year. On average, sell-side analysts predict that TPG RE Finance Trust will post 1.71 EPS for the current year.
In other news, CEO Greta Guggenheim bought 45,000 shares of the company’s stock in a transaction on Thursday, December 20th. The shares were purchased at an average price of $18.51 per share, with a total value of $832,950.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Peter A. Smith bought 2,000 shares of the company’s stock in a transaction on Monday, December 24th. The shares were purchased at an average cost of $18.00 per share, for a total transaction of $36,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 62,700 shares of company stock worth $1,156,607. 0.49% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the business. First Republic Investment Management Inc. increased its stake in shares of TPG RE Finance Trust by 74.0% during the 2nd quarter. First Republic Investment Management Inc. now owns 116,294 shares of the company’s stock worth $2,363,000 after purchasing an additional 49,452 shares during the last quarter. Resource America Inc. grew its stake in TPG RE Finance Trust by 29.8% in the 3rd quarter. Resource America Inc. now owns 217,663 shares of the company’s stock valued at $4,358,000 after buying an additional 50,000 shares in the last quarter. Timbercreek Investment Management Inc. grew its stake 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 valued at $8,543,000 after buying an additional 16,700 shares in the last quarter. Northern Trust Corp grew its stake 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 valued at $6,327,000 after buying an additional 105,439 shares in the last quarter. Finally, Yorktown Management & Research Co Inc purchased a new position in TPG RE Finance Trust in the 3rd quarter valued at approximately $2,603,000. 45.79% of the stock is currently owned by hedge funds and other institutional investors.
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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