TPG RE Finance Trust, Inc. (TRTX) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) from a buy rating to a hold rating in a report published on Saturday morning.

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. “

TRTX has been the topic of several other research reports. Citigroup Inc. started coverage on TPG RE Finance Trust in a research note on Monday, August 14th. They issued a neutral rating and a $22.00 price target on the stock. Deutsche Bank AG began coverage on TPG RE Finance Trust in a research note on Friday, August 18th. They set a buy rating and a $21.00 price objective on the stock. Bank of America Corporation began coverage on TPG RE Finance Trust in a research note on Monday, August 14th. They set a buy rating and a $21.00 price objective on the stock. JMP Securities began coverage on TPG RE Finance Trust in a research note on Friday, August 18th. They set an outperform rating and a $21.50 price objective on the stock. Finally, J P Morgan Chase & Co began coverage on TPG RE Finance Trust in a research note on Monday, August 14th. They set a neutral rating and a $20.50 price objective on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $21.33.

TPG RE Finance Trust (TRTX) opened at $19.43 on Friday. TPG RE Finance Trust has a one year low of $18.71 and a one year high of $20.70.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings results on Monday, November 6th. The company reported $0.35 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. TPG RE Finance Trust had a return on equity of 7.54% and a net margin of 43.86%. The business had revenue of $27.58 million for the quarter, compared to analysts’ expectations of $26.00 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The company’s revenue was up 17.5% compared to the same quarter last year.

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The company also recently disclosed an annual dividend, which was paid on Wednesday, October 25th. Shareholders of record on Friday, October 6th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, October 5th. TPG RE Finance Trust’s payout ratio is currently 22.45%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Boothbay Fund Management LLC acquired a new stake in shares of TPG RE Finance Trust during the 3rd quarter worth approximately $275,000. California State Teachers Retirement System acquired a new stake in shares of TPG RE Finance Trust during the 3rd quarter worth approximately $356,000. Cubist Systematic Strategies LLC acquired a new stake in shares of TPG RE Finance Trust during the 3rd quarter worth approximately $390,000. HGI Capital Management LLC acquired a new stake in shares of TPG RE Finance Trust during the 3rd quarter worth approximately $459,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of TPG RE Finance Trust during the 3rd quarter worth approximately $652,000.

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

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