Equities analysts forecast that TPG RE Finance Trust Inc (NYSE:TRTX) will post sales of $42.34 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for TPG RE Finance Trust’s earnings. The lowest sales estimate is $41.17 million and the highest is $43.50 million. TPG RE Finance Trust posted sales of $36.58 million during the same quarter last year, which suggests a positive year-over-year growth rate of 15.7%. The company is expected to announce its next quarterly earnings report after the market closes on Tuesday, February 18th.
According to Zacks, analysts expect that TPG RE Finance Trust will report full year sales of $166.91 million for the current fiscal year, with estimates ranging from $165.71 million to $168.10 million. For the next fiscal year, analysts expect that the firm will post sales of $173.15 million, with estimates ranging from $172.49 million to $173.80 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for TPG RE Finance Trust.
Several research analysts have commented on the company. Compass Point assumed coverage on TPG RE Finance Trust in a report on Monday, December 2nd. They set a “buy” rating and a $21.50 price objective on the stock. Zacks Investment Research upgraded TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a report on Friday, January 31st.
TRTX traded down $0.02 during trading on Friday, hitting $20.70. 250,900 shares of the stock were exchanged, compared to its average volume of 353,471. The firm has a 50 day simple moving average of $20.49 and a 200 day simple moving average of $20.09. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 12.03 and a beta of 0.34. TPG RE Finance Trust has a 1 year low of $19.00 and a 1 year high of $20.90. The company has a debt-to-equity ratio of 2.88, a quick ratio of 41.26 and a current ratio of 41.26.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, December 27th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.72 annualized dividend and a yield of 8.31%. TPG RE Finance Trust’s payout ratio is currently 101.18%.
A number of hedge funds and other institutional investors have recently made changes to their positions in TRTX. Ieq Capital LLC bought a new stake in TPG RE Finance Trust during the 4th quarter valued at $4,616,000. Evoke Wealth LLC bought a new stake in TPG RE Finance Trust during the 3rd quarter valued at $39,791,000. Timbercreek Investment Management Inc. boosted its position in TPG RE Finance Trust by 44.1% during the 3rd quarter. Timbercreek Investment Management Inc. now owns 1,431,125 shares of the company’s stock valued at $28,394,000 after acquiring an additional 437,928 shares in the last quarter. UBS Group AG boosted its position in TPG RE Finance Trust by 53.7% during the 4th quarter. UBS Group AG now owns 1,110,634 shares of the company’s stock valued at $22,513,000 after acquiring an additional 388,234 shares in the last quarter. Finally, Colony Capital Inc. bought a new stake in TPG RE Finance Trust during the 4th quarter valued at $3,953,000. 52.90% of the stock is currently owned by institutional investors and hedge funds.
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 North America. 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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