$42.40 Million in Sales Expected for TPG RE Finance Trust Inc (NYSE:TRTX) This Quarter

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Analysts expect that TPG RE Finance Trust Inc (NYSE:TRTX) will report sales of $42.40 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for TPG RE Finance Trust’s earnings. The lowest sales estimate is $41.50 million and the highest is $43.30 million. TPG RE Finance Trust posted sales of $44.65 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 5%. The company is expected to announce its next quarterly earnings report on Monday, October 26th.

According to Zacks, analysts expect that TPG RE Finance Trust will report full-year sales of $172.38 million for the current fiscal year, with estimates ranging from $169.95 million to $174.80 million. For the next year, analysts forecast that the company will report sales of $175.53 million, with estimates ranging from $163.76 million to $187.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow TPG RE Finance Trust.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.22 by $0.30. TPG RE Finance Trust had a negative return on equity of 4.43% and a negative net margin of 38.46%. The company had revenue of $44.31 million for the quarter, compared to analyst estimates of $35.58 million.

A number of research analysts have recently commented on TRTX shares. Citigroup upped their price objective on shares of TPG RE Finance Trust from $6.00 to $7.50 and gave the company a “neutral” rating in a research report on Monday, July 20th. Zacks Investment Research lowered shares of TPG RE Finance Trust from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Wells Fargo & Co cut their price objective on shares of TPG RE Finance Trust from $22.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Raymond James reaffirmed a “buy” rating on shares of TPG RE Finance Trust in a research report on Thursday, August 6th. Finally, ValuEngine lowered shares of TPG RE Finance Trust from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. TPG RE Finance Trust presently has a consensus rating of “Buy” and a consensus price target of $11.50.

Shares of NYSE TRTX traded up $0.09 during midday trading on Thursday, reaching $8.97. 256,597 shares of the company’s stock were exchanged, compared to its average volume of 373,844. The business’s fifty day moving average price is $8.66 and its two-hundred day moving average price is $9.31. The company has a quick ratio of 241.68, a current ratio of 241.68 and a debt-to-equity ratio of 2.89. TPG RE Finance Trust has a 52-week low of $2.45 and a 52-week high of $21.30.

A number of large investors have recently bought and sold shares of TRTX. Martingale Asset Management L P increased its holdings in shares of TPG RE Finance Trust by 0.8% during the first quarter. Martingale Asset Management L P now owns 266,821 shares of the company’s stock worth $1,466,000 after buying an additional 2,100 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of TPG RE Finance Trust by 3.3% during the first quarter. Principal Financial Group Inc. now owns 68,010 shares of the company’s stock worth $373,000 after buying an additional 2,193 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of TPG RE Finance Trust by 1.3% during the first quarter. Van ECK Associates Corp now owns 177,342 shares of the company’s stock worth $974,000 after buying an additional 2,285 shares in the last quarter. Wiley BROS. Aintree Capital LLC increased its holdings in shares of TPG RE Finance Trust by 9.9% during the second quarter. Wiley BROS. Aintree Capital LLC now owns 26,878 shares of the company’s stock worth $231,000 after buying an additional 2,423 shares in the last quarter. Finally, Strs Ohio increased its holdings in shares of TPG RE Finance Trust by 20.5% during the second quarter. Strs Ohio now owns 15,900 shares of the company’s stock worth $136,000 after buying an additional 2,700 shares in the last quarter. 58.72% of the stock is owned by hedge funds and other institutional investors.

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 North America. 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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