TPG RE Finance Trust Inc (TRTX) Given $21.00 Average Price Target by Analysts
Shares of TPG RE Finance Trust Inc (NASDAQ:TRTX) have earned an average broker rating score of 1.50 (Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and three have issued a strong buy recommendation on the company.
Brokers have set a twelve-month consensus price objective of $21.00 for the company, according to Zacks. Zacks has also given TPG RE Finance Trust an industry rank of 74 out of 265 based on the ratings given to related companies.
TRTX has been the subject of a number of recent research reports. JMP Securities initiated coverage on shares of TPG RE Finance Trust in a research report on Friday, August 18th. They issued an “outperform” rating and a $21.50 target price for the company. Deutsche Bank AG started 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. Citigroup Inc. started coverage on shares of TPG RE Finance Trust in a research report on Monday, August 14th. They set a “neutral” rating and a $22.00 price target on the stock. J P Morgan Chase & Co initiated coverage on shares of TPG RE Finance Trust in a research report on Monday, August 14th. They set a “neutral” rating and a $20.50 price target on the stock. Finally, Bank of America Corporation initiated coverage on shares of TPG RE Finance Trust in a research note on Monday, August 14th. They set a “buy” rating and a $21.00 price objective for the company.
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Shares of TPG RE Finance Trust (NASDAQ:TRTX) traded down 0.40% during midday trading on Friday, reaching $19.87. The company’s stock had a trading volume of 19,374 shares. The stock’s market capitalization is $1.19 billion. TPG RE Finance Trust has a 52 week low of $18.71 and a 52 week high of $20.70. The company has a 50 day moving average price of $19.83 and a 200-day moving average price of $20.40.
The business also recently declared an annual dividend, which will be paid on Wednesday, October 25th. Investors of record on Friday, October 6th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, October 5th.
TPG RE Finance Trust Company Profile
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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