Brokerages forecast that TPG RE Finance Trust Inc (NYSE:TRTX) will post sales of $38.33 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for TPG RE Finance Trust’s earnings, with estimates ranging from $37.25 million to $39.40 million. TPG RE Finance Trust posted sales of $31.47 million during the same quarter last year, which suggests a positive year over year growth rate of 21.8%. The business is scheduled to issue its next earnings report after the market closes on Monday, February 25th.
According to Zacks, analysts expect that TPG RE Finance Trust will report full year sales of $142.11 million for the current year, with estimates ranging from $141.54 million to $142.80 million. For the next year, analysts expect that the company will post sales of $173.65 million, with estimates ranging from $160.75 million to $192.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow TPG RE Finance Trust.
Separately, Zacks Investment Research cut shares of TPG RE Finance Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. TPG RE Finance Trust has an average rating of “Hold” and a consensus price target of $21.88.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. United Services Automobile Association grew its holdings in shares of TPG RE Finance Trust by 72.1% in the fourth quarter. United Services Automobile Association now owns 19,284 shares of the company’s stock worth $353,000 after purchasing an additional 8,080 shares during the last quarter. Bessemer Group Inc. raised its position in shares of TPG RE Finance Trust by 88.0% in the 4th quarter. Bessemer Group Inc. now owns 73,500 shares of the company’s stock valued at $1,344,000 after purchasing an additional 34,400 shares during the last quarter. Northern Trust Corp raised its position in TPG RE Finance Trust by 0.4% during the 4th quarter. Northern Trust Corp now owns 424,203 shares of the company’s stock worth $7,755,000 after buying an additional 1,730 shares during the last quarter. Symons Capital Management Inc. acquired a new stake in shares of TPG RE Finance Trust during the 4th quarter worth approximately $309,000. Finally, Martingale Asset Management L P grew its stake in shares of TPG RE Finance Trust by 44.5% during the 4th quarter. Martingale Asset Management L P now owns 159,314 shares of the company’s stock worth $2,913,000 after purchasing an additional 49,100 shares during the period. Hedge funds and other institutional investors own 45.91% of the company’s stock.
TRTX stock traded down $0.07 during trading on Friday, hitting $19.78. 37,106 shares of the stock traded hands, compared to its average volume of 152,110. TPG RE Finance Trust has a 1 year low of $17.81 and a 1 year high of $21.05. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 2.20 and a beta of 0.31. The company has a debt-to-equity ratio of 2.12, a quick ratio of 36.68 and a current ratio of 36.68.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 25th. Shareholders of record on Friday, December 28th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 8.70%. The ex-dividend date was Thursday, December 27th. TPG RE Finance Trust’s payout ratio is 98.85%.
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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