TPG RE Finance Trust Inc (NASDAQ:TRTX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Saturday.

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. “

A number of other brokerages have also commented on TRTX. Bank of America Corporation initiated coverage on TPG RE Finance Trust in a report on Monday, August 14th. They set a “buy” rating and a $21.00 price target on the stock. J P Morgan Chase & Co initiated coverage on TPG RE Finance Trust in a report on Monday, August 14th. They set a “neutral” rating and a $20.50 price target on the stock. Citigroup Inc. initiated coverage on TPG RE Finance Trust in a research report on Monday, August 14th. They issued a “neutral” rating and a $22.00 target price for the company. Deutsche Bank AG initiated coverage on TPG RE Finance Trust in a research report on Friday, August 18th. They issued a “buy” rating and a $21.00 target price for the company. Finally, JMP Securities initiated coverage on 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $21.33.

Shares of TPG RE Finance Trust (TRTX) opened at $19.27 on Friday. TPG RE Finance Trust has a fifty-two week low of $18.71 and a fifty-two week high of $20.70.

TPG RE Finance Trust (NASDAQ:TRTX) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.35 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.35. The business had revenue of $27.58 million for the quarter, compared to analyst estimates of $26.00 million. TPG RE Finance Trust had a return on equity of 10.27% and a net margin of 48.73%. TPG RE Finance Trust’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share.

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Large investors have recently added to or reduced their stakes in the business. HGI Capital Management LLC purchased a new stake in TPG RE Finance Trust in the third quarter worth $459,000. Bank of New York Mellon Corp purchased a new stake in TPG RE Finance Trust in the third quarter worth $652,000. Finally, State of New Jersey Common Pension Fund D purchased a new stake in TPG RE Finance Trust in the third quarter worth $791,000.

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.

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

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