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TPG RE Finance Trust (NYSE:TRTX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday, Zacks.com reports. The firm currently has a $14.00 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 9.89% from the stock’s current price.
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 restated a “buy” rating and set a $15.00 price target on shares of TPG RE Finance Trust in a report on Sunday, September 19th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $14.10.
Shares of NYSE TRTX traded up $0.18 during midday trading on Friday, reaching $12.74. 345,359 shares of the company’s stock were exchanged, compared to its average volume of 278,699. TPG RE Finance Trust has a 52-week low of $9.58 and a 52-week high of $14.55. The stock has a market capitalization of $981.59 million, a PE ratio of 28.96 and a beta of 1.88. The company has a debt-to-equity ratio of 2.57, a quick ratio of 325.25 and a current ratio of 325.25. The business’s fifty day moving average price is $12.76 and its two-hundred day moving average price is $12.93.
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TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings data on Tuesday, November 2nd. The company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. TPG RE Finance Trust had a return on equity of 11.28% and a net margin of 44.66%. During the same period last year, the company earned $0.42 earnings per share. Analysts predict that TPG RE Finance Trust will post 1.18 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Citigroup Inc. increased its position in shares of TPG RE Finance Trust by 7,427.2% in the 2nd quarter. Citigroup Inc. now owns 1,561,445 shares of the company’s stock valued at $21,001,000 after buying an additional 1,540,701 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of TPG RE Finance Trust by 123.3% during the 3rd quarter. Goldman Sachs Group Inc. now owns 594,987 shares of the company’s stock valued at $7,365,000 after purchasing an additional 328,580 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of TPG RE Finance Trust by 1,140.0% during the 2nd quarter. Wells Fargo & Company MN now owns 286,724 shares of the company’s stock valued at $3,857,000 after purchasing an additional 263,601 shares in the last quarter. Spring Creek Capital LLC bought a new position in shares of TPG RE Finance Trust during the 2nd quarter valued at about $4,995,000. Finally, Russell Investments Group Ltd. bought a new position in shares of TPG RE Finance Trust during the 3rd quarter valued at about $2,254,000. Institutional investors own 52.60% of the company’s stock.
About TPG RE Finance Trust
TPG RE Finance Trust, Inc is a holding company, which engages in the provision of commercial real estate finance services. It originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in North America. The company was founded on October 24, 2014 and is headquartered in New York, NY.
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