Zacks: Analysts expect TPG RE Finance Trust, Inc. (NYSE: TRTX) to post quarterly sales of $35.39 million

Equity analysts expect TPG RE Finance Trust, Inc. (NYSE:TRTX – Get a rating) to announce sales of $35.39 million for the current fiscal quarter, Zacks reports. Two analysts have released earnings estimates for TPG RE Finance Trust. The highest sales estimate is $38.40 million and the lowest is $32.37 million. TPG RE Finance Trust recorded sales of $37.95 million in the same quarter last year, suggesting a negative growth rate of 6.7% year-over-year. The company is expected to release its next results after the market closes on Monday, January 1.

According to Zacks, analysts expect TPG RE Finance Trust to report annual revenue of $145.43 million for the current fiscal year, with estimates ranging from $136.66 million to 154, $20 million. For the next fiscal year, analysts expect the company to record sales of $164.44 million, with estimates ranging from $162.58 million to $166.30 million. Zacks Investment Research average sales are an average based on a survey of sell-side analysts who follow TPG RE Finance Trust.

TRTX has been the subject of a number of research reports. JPMorgan Chase & Co. lowered its price target on shares of TPG RE Finance Trust from $12.50 to $11.50 and set a “neutral” rating on the stock in a Monday, April 25 report. Raymond James raised his price target on shares of TPG RE Finance Trust from $15.50 to $16.00 and gave the stock a “strong buy” rating in a report on Friday, January 7. To finish, Zacks Investment Research upgraded the shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report released Wednesday. Two equity research analysts gave the stock a hold rating, two gave the stock a buy rating and one gave the stock a strong buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $14.20.

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NYSE: TRTX opened at $10.55 on Friday. TPG RE Finance Trust has a one-year low of $10.48 and a one-year high of $14.55. The company has a 50-day moving average of $11.58 and a 200-day moving average of $12.28. The company has a market capitalization of $814.25 million, a PE ratio of 12.27 and a beta of 1.78. The company has a debt ratio of 2.53, a current ratio of 360.86 and a quick ratio of 360.86.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 25. Investors of record on Tuesday, March 29 received a dividend of $0.24. The ex-dividend date was Monday, March 28. This represents a dividend of $0.96 on an annualized basis and a yield of 9.10%. The dividend payout ratio of TPG RE Finance Trust is 111.63%.

Several institutional investors and hedge funds have recently increased or reduced their stake in TRTX. Moors & Cabot Inc. bought a new stock position in TPG RE Finance Trust during Q3 for $25,000. Public Employees Retirement System of Ohio increased its position in TPG RE Finance Trust shares by 40.7% during the fourth quarter. The Ohio Public Employees Retirement System now owns 4,181 shares of the company valued at $52,000 after buying 1,210 more shares last quarter. Catalyst Capital Advisors LLC increased its position in TPG RE Finance Trust shares by 28.2% during the third quarter. Catalyst Capital Advisors LLC now owns 4,680 shares of the company valued at $58,000 after purchasing an additional 1,030 shares in the last quarter. Royal Bank of Canada increased its position in TPG RE Finance Trust shares by 51.5% during the third quarter. Royal Bank of Canada now owns 6,230 shares of the company valued at $77,000 after buying 2,119 more shares last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in TPG RE Finance Trust shares by 90.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,058 shares of the company valued at $124,000 after purchasing an additional 4,774 shares in the last quarter. Hedge funds and other institutional investors own 71.28% of the company’s shares.

Company Profile TPG RE Finance Trust (Get a rating)

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 securities in the United States. It invests in commercial mortgages; subordinated mortgage interest, mezzanine loans, secured real estate securities, note financing, preferred stock and various debt instruments; and loan obligations secured by commercial real estate and commercial mortgage-backed securities secured by properties primarily in the office, multi-family, life sciences, mixed-use, hospitality, industrial real estate sectors and commercial.

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