TPG Real Estate Finance Trust (NYSE:TRTX)’s share price reached a new 52-week high and low during trading on Thursday . The stock traded as low as $20.83 and last traded at $20.90, with a volume of 1684 shares changing hands. The stock had previously closed at $20.77.

Several equities analysts have commented on TRTX shares. ValuEngine cut TPG Real Estate Finance Trust from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research raised TPG Real Estate Finance Trust from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Thursday, March 22nd. Raymond James started coverage on TPG Real Estate Finance Trust in a report on Tuesday, March 27th. They issued an “outperform” rating and a $22.00 price target for the company. Finally, Wells Fargo & Co started coverage on TPG Real Estate Finance Trust in a report on Monday, April 16th. They issued an “outperform” rating and a $21.00 price target for the company. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $21.38.

The company has a market cap of $1.22 billion and a price-to-earnings ratio of 11.94. The company has a debt-to-equity ratio of 1.99, a current ratio of 14.77 and a quick ratio of 14.77.

TPG Real Estate Finance Trust (NYSE:TRTX) last released its quarterly earnings data on Monday, May 7th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). TPG Real Estate Finance Trust had a net margin of 45.22% and a return on equity of 8.34%. The company had revenue of $33.40 million during the quarter, compared to the consensus estimate of $33.54 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. equities analysts expect that TPG Real Estate Finance Trust will post 1.78 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in TRTX. Schwab Charles Investment Management Inc. grew its stake in shares of TPG Real Estate Finance Trust by 18.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 47,300 shares of the company’s stock valued at $902,000 after purchasing an additional 7,372 shares during the period. Swiss National Bank bought a new stake in TPG Real Estate Finance Trust during the 4th quarter worth approximately $391,000. Wells Fargo & Company MN grew its position in TPG Real Estate Finance Trust by 337.2% during the 4th quarter. Wells Fargo & Company MN now owns 21,315 shares of the company’s stock worth $406,000 after acquiring an additional 16,440 shares during the last quarter. Bank of New York Mellon Corp grew its position in TPG Real Estate Finance Trust by 15.7% during the 4th quarter. Bank of New York Mellon Corp now owns 38,174 shares of the company’s stock worth $728,000 after acquiring an additional 5,189 shares during the last quarter. Finally, American International Group Inc. grew its position in TPG Real Estate Finance Trust by 532.9% during the 4th quarter. American International Group Inc. now owns 7,487 shares of the company’s stock worth $143,000 after acquiring an additional 6,304 shares during the last quarter. Institutional investors own 40.59% of the company’s stock.

TPG Real Estate 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.

Receive News & Ratings for TPG Real Estate Finance Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPG Real Estate Finance Trust and related companies with MarketBeat.com's FREE daily email newsletter.