News coverage about TPG RE Finance Trust (NYSE:TRTX) has trended positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TPG RE Finance Trust earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.1412239840237 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of brokerages have issued reports on TRTX. J P Morgan Chase & Co began coverage on TPG RE Finance Trust in a research report on Monday, August 14th. They set a “neutral” rating and a $20.50 target price for the company. Zacks Investment Research cut TPG RE Finance Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. JMP Securities began coverage on TPG RE Finance Trust in a research report on Friday, August 18th. They set an “outperform” rating and a $21.50 target price for the company. Bank of America Corporation began coverage on TPG RE Finance Trust in a research report on Monday, August 14th. They set a “buy” rating and a $21.00 target price for the company. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $22.00 target price on shares of TPG RE Finance Trust in a research report on Tuesday, October 17th. Three 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 a consensus rating of “Buy” and a consensus price target of $21.33.
Shares of TPG RE Finance Trust (NYSE TRTX) traded down $0.06 during trading on Friday, reaching $19.35. The company’s stock had a trading volume of 60,200 shares, compared to its average volume of 157,569. The company has a debt-to-equity ratio of 1.27, a current ratio of 10.75 and a quick ratio of 10.75. TPG RE Finance Trust has a 52-week low of $18.71 and a 52-week high of $20.70.
TPG RE Finance Trust (NYSE:TRTX) last announced its earnings results on Monday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. The company had revenue of $27.58 million for the quarter, compared to the consensus estimate of $26.00 million. During the same period in the previous year, the company earned $0.43 EPS. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. equities analysts predict that TPG RE Finance Trust will post 1.96 EPS for the current fiscal year.
The firm also recently declared an annual dividend, which was paid on Wednesday, October 25th. Stockholders of record on Friday, October 6th were issued a dividend of $0.33 per share. The ex-dividend date was Thursday, October 5th.
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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.
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