Brokerages expect TPG RE Finance Trust Inc (NYSE:TRTX) to announce $34.52 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for TPG RE Finance Trust’s earnings, with the lowest sales estimate coming in at $33.60 million and the highest estimate coming in at $35.44 million. The company is scheduled to announce its next quarterly earnings results on Monday, May 28th.
According to Zacks, analysts expect that TPG RE Finance Trust will report full-year sales of $147.68 million for the current fiscal year, with estimates ranging from $140.30 million to $155.05 million. For the next financial year, analysts anticipate that the company will post sales of $159.64 million per share, with estimates ranging from $149.30 million to $169.98 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow TPG RE Finance Trust.
TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $31.47 million during the quarter, compared to the consensus estimate of $31.58 million.
Several research analysts have recently commented on the company. Wells Fargo assumed coverage on TPG RE Finance Trust in a research note on Monday. They issued an “outperform” rating and a $21.00 price objective on the stock. Zacks Investment Research raised TPG RE Finance Trust from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Thursday, March 22nd. ValuEngine downgraded TPG RE Finance Trust from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Raymond James Financial assumed coverage on TPG RE Finance Trust in a research note on Tuesday, March 27th. They issued an “outperform” rating and a $22.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $21.38.
Shares of NYSE TRTX traded up $0.56 during trading on Monday, hitting $20.30. The company had a trading volume of 328,598 shares, compared to its average volume of 214,694. The company has a quick ratio of 10.96, a current ratio of 10.96 and a debt-to-equity ratio of 1.52. TPG RE Finance Trust has a 12 month low of $18.22 and a 12 month high of $20.70. The company has a market capitalization of $1,168.10 and a P/E ratio of 11.67.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Thursday, March 29th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 8.28%. The ex-dividend date of this dividend is Wednesday, March 28th. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 96.55%.
A number of institutional investors and hedge funds have recently modified their holdings of TRTX. Alyeska Investment Group L.P. bought a new stake in TPG RE Finance Trust during the 3rd quarter valued at approximately $22,073,000. Geode Capital Management LLC raised its stake in TPG RE Finance Trust by 140.1% during the 4th quarter. Geode Capital Management LLC now owns 82,954 shares of the company’s stock valued at $1,580,000 after purchasing an additional 48,405 shares during the period. Schwab Charles Investment Management Inc. bought a new stake in TPG RE Finance Trust during the 3rd quarter valued at approximately $790,000. Bank of New York Mellon Corp bought a new stake in TPG RE Finance Trust during the 3rd quarter valued at approximately $652,000. Finally, Two Sigma Investments LP bought a new stake in TPG RE Finance Trust during the 4th quarter valued at approximately $482,000. 32.45% of the stock is currently owned by institutional investors.
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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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