TPG RE Finance Trust, Inc. (NYSE:TRTX) has been given a consensus recommendation of “Buy” by the six analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $21.20.

TRTX has been the topic of a number of analyst reports. Deutsche Bank initiated 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 price target on the stock. Zacks Investment Research upgraded shares of TPG RE Finance Trust from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Thursday, October 26th. Citigroup reiterated a “neutral” rating and issued a $22.00 price target on shares of TPG RE Finance Trust in a research note on Tuesday, October 17th. JMP Securities initiated 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 price target on the stock. Finally, J P Morgan Chase & Co initiated 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 price target on the stock.

Shares of TPG RE Finance Trust (NYSE:TRTX) opened at $19.41 on Wednesday. TPG RE Finance Trust has a fifty-two week low of $18.61 and a fifty-two week high of $20.70. 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 (NYSE:TRTX) last announced its earnings results on Monday, November 6th. The company reported $0.35 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. The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. research analysts expect that TPG RE Finance Trust will post 1.96 earnings per share for the current year.

In related news, CEO Greta Guggenheim bought 10,000 shares of the stock in a transaction on Friday, December 1st. The shares were acquired at an average price of $19.19 per share, for a total transaction of $191,900.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Boothbay Fund Management LLC bought a new position in TPG RE Finance Trust during the 3rd quarter valued at about $275,000. California State Teachers Retirement System bought a new position in TPG RE Finance Trust during the 3rd quarter valued at about $356,000. Cubist Systematic Strategies LLC bought a new position in TPG RE Finance Trust during the 3rd quarter valued at about $390,000. HGI Capital Management LLC bought a new position in TPG RE Finance Trust during the 3rd quarter valued at about $459,000. Finally, Bank of New York Mellon Corp bought a new position in TPG RE Finance Trust during the 3rd quarter valued at about $652,000. Institutional investors and hedge funds own 26.37% of the company’s stock.

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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.

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

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