TPG RE Finance Trust’s (NASDAQ:TRTX) quiet period is set to end on Tuesday, August 29th. TPG RE Finance Trust had issued 11,000,000 shares in its public offering on July 20th. The total size of the offering was $220,000,000 based on an initial share price of $20.00. During TPG RE Finance Trust’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
TRTX has been the subject of several analyst reports. Citigroup Inc. initiated coverage on shares of TPG RE Finance Trust in a 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 shares of TPG RE Finance Trust in a report on Friday. They issued a “buy” rating and a $21.00 target price for the company. Bank of America Corporation initiated coverage on shares of TPG RE Finance Trust in a report on Monday, August 14th. They issued a “buy” rating and a $21.00 target price for the company. JMP Securities initiated coverage on shares of TPG RE Finance Trust in a report on Friday. They issued an “outperform” rating and a $21.50 target price for the company. Finally, J P Morgan Chase & Co initiated coverage on shares of TPG RE Finance Trust in a report on Monday, August 14th. They issued a “neutral” rating and a $20.50 target price for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $21.20.
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Shares of TPG RE Finance Trust (NASDAQ TRTX) opened at 19.09 on Tuesday. TPG RE Finance Trust has a one year low of $18.71 and a one year high of $20.00. The stock has a 50 day moving average of $20.92 and a 200 day moving average of $20.92.
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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