Zacks Investment Research upgraded shares of TPG RE Finance Trust (NYSE:TRTX) from a strong sell rating to a hold rating in a report issued on Thursday 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. “

Separately, BTIG Research began coverage on TPG RE Finance Trust in a research note on Tuesday, October 9th. They set a buy rating and a $21.50 target price for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $21.88.

Shares of TRTX stock traded up $0.08 on Thursday, hitting $19.42. The company had a trading volume of 123,317 shares, compared to its average volume of 138,527. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 2.13 and a beta of 0.13. The company has a current ratio of 36.68, a quick ratio of 36.68 and a debt-to-equity ratio of 2.12. TPG RE Finance Trust has a twelve month low of $17.81 and a twelve month high of $21.05.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings results on Monday, November 5th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). TPG RE Finance Trust had a net margin of 41.60% and a return on equity of 8.41%. The company had revenue of $36.60 million during the quarter, compared to analyst estimates of $35.90 million. During the same period in the previous year, the company posted $0.35 EPS. The company’s quarterly revenue was up 32.6% on a year-over-year basis. Sell-side analysts forecast that TPG RE Finance Trust will post 1.71 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 25th. Investors of record on Friday, December 28th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, December 27th. This represents a $1.72 annualized dividend and a yield of 8.86%. TPG RE Finance Trust’s dividend payout ratio is currently 98.85%.

In other news, VP Peter A. Smith acquired 2,000 shares of TPG RE Finance Trust stock in a transaction on Monday, December 24th. The stock was purchased at an average price of $18.00 per share, with a total value of $36,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Greta Guggenheim acquired 14,700 shares of TPG RE Finance Trust stock in a transaction on Wednesday, December 26th. The stock was purchased at an average cost of $18.31 per share, with a total value of $269,157.00. The disclosure for this purchase can be found here. Insiders have purchased 62,700 shares of company stock valued at $1,156,607 in the last ninety days. 0.49% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of TRTX. Timbercreek Investment Management Inc. lifted its holdings in TPG RE Finance Trust by 13.9% during the fourth quarter. Timbercreek Investment Management Inc. now owns 486,166 shares of the company’s stock worth $8,887,000 after acquiring an additional 59,443 shares during the period. Legal & General Group Plc raised its stake in shares of TPG RE Finance Trust by 10.4% in the third quarter. Legal & General Group Plc now owns 5,916 shares of the company’s stock valued at $119,000 after buying an additional 557 shares during the period. Vanguard Group Inc raised its stake in shares of TPG RE Finance Trust by 27.5% in the third quarter. Vanguard Group Inc now owns 4,219,091 shares of the company’s stock valued at $84,466,000 after buying an additional 909,957 shares during the period. Vanguard Group Inc. raised its stake in shares of TPG RE Finance Trust by 27.5% in the third quarter. Vanguard Group Inc. now owns 4,219,091 shares of the company’s stock valued at $84,466,000 after buying an additional 909,957 shares during the period. Finally, Morgan Stanley raised its stake in shares of TPG RE Finance Trust by 69.3% in the third quarter. Morgan Stanley now owns 115,893 shares of the company’s stock valued at $2,320,000 after buying an additional 47,420 shares during the period. Institutional investors own 45.79% of the company’s stock.

About TPG RE Finance Trust

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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