Zacks: Analysts Anticipate TPG RE Finance Trust Inc (NYSE:TRTX) Will Post Earnings of $0.44 Per Share

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Wall Street analysts predict that TPG RE Finance Trust Inc (NYSE:TRTX) will report earnings per share of $0.44 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for TPG RE Finance Trust’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.45. TPG RE Finance Trust posted earnings per share of $0.43 in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.3%. The firm is scheduled to report its next earnings report on Monday, February 24th.

According to Zacks, analysts expect that TPG RE Finance Trust will report full year earnings of $1.77 per share for the current financial year, with EPS estimates ranging from $1.75 to $1.78. For the next financial year, analysts expect that the company will post earnings of $1.77 per share, with EPS estimates ranging from $1.64 to $1.85. Zacks’ EPS calculations are an average based on a survey of research analysts that follow TPG RE Finance Trust.

Several research analysts recently commented on TRTX shares. Compass Point began coverage on shares of TPG RE Finance Trust in a research note on Monday, December 2nd. They issued a “buy” rating and a $21.50 price target on the stock. Zacks Investment Research cut shares of TPG RE Finance Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Several hedge funds and other institutional investors have recently made changes to their positions in TRTX. Parallel Advisors LLC lifted its stake in TPG RE Finance Trust by 977.1% in the second quarter. Parallel Advisors LLC now owns 2,822 shares of the company’s stock worth $54,000 after acquiring an additional 2,560 shares during the period. Royal Bank of Canada grew its holdings in TPG RE Finance Trust by 50.1% during the 2nd quarter. Royal Bank of Canada now owns 3,002 shares of the company’s stock worth $58,000 after acquiring an additional 1,002 shares in the last quarter. Quantamental Technologies LLC grew its holdings in TPG RE Finance Trust by 850.0% during the 2nd quarter. Quantamental Technologies LLC now owns 3,800 shares of the company’s stock worth $73,000 after acquiring an additional 3,400 shares in the last quarter. Catalyst Capital Advisors LLC increased its position in TPG RE Finance Trust by 136.7% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 5,940 shares of the company’s stock valued at $118,000 after purchasing an additional 3,430 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in TPG RE Finance Trust by 83.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,212 shares of the company’s stock valued at $120,000 after purchasing an additional 2,827 shares during the period. Hedge funds and other institutional investors own 52.90% of the company’s stock.

Shares of TRTX traded up $0.05 during trading hours on Friday, reaching $20.41. 233,930 shares of the company traded hands, compared to its average volume of 163,499. The stock’s fifty day moving average price is $20.09 and its 200 day moving average price is $19.77. The company has a current ratio of 41.26, a quick ratio of 41.26 and a debt-to-equity ratio of 2.88. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 2.30 and a beta of 0.34. TPG RE Finance Trust has a 12-month low of $17.81 and a 12-month high of $20.56.

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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