TPG RE Finance Trust’s (NASDAQ:TRTX) quiet period will end on Tuesday, August 29th. TPG RE Finance Trust had issued 11,000,000 shares in its initial 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 the company’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

A number of analysts recently issued reports on TRTX shares. Citigroup Inc. started 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 on the stock. J P Morgan Chase & Co started coverage on TPG RE Finance Trust in a research report on Monday, August 14th. They issued a “neutral” rating and a $20.50 target price on the stock. Bank of America Corporation started coverage on TPG RE Finance Trust in a research report on Monday, August 14th. They issued a “buy” rating and a $21.00 target price on the stock. Deutsche Bank AG started 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 on the stock. Finally, JMP Securities started 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 on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $21.20.

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Shares of TPG RE Finance Trust (NASDAQ TRTX) opened at 19.75 on Monday. TPG RE Finance Trust has a 52-week low of $18.71 and a 52-week high of $20.00. The company has a 50 day moving average price of $20.44 and a 200-day moving average price of $20.74. The firm’s market cap is $1.19 billion.

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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