Greta Guggenheim Purchases 10,000 Shares of TPG RE Finance Trust, Inc. (TRTX) Stock

TPG RE Finance Trust, Inc. (NYSE:TRTX) CEO Greta Guggenheim acquired 10,000 shares of the stock in a transaction dated Friday, December 1st. The stock was acquired at an average cost of $19.19 per share, with a total value of $191,900.00. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of TPG RE Finance Trust, Inc. (NYSE TRTX) opened at $19.41 on Wednesday. TPG RE Finance Trust, Inc. has a 1 year low of $18.61 and a 1 year high of $20.70. The company has a debt-to-equity ratio of 1.27, a current ratio of 10.75 and a quick ratio of 10.75.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings results on Monday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. The firm had revenue of $27.58 million for the quarter, compared to analysts’ expectations of $26.00 million. During the same period last year, the firm posted $0.43 EPS. TPG RE Finance Trust’s revenue was up 17.5% on a year-over-year basis. equities analysts predict that TPG RE Finance Trust, Inc. will post 1.96 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Cubist Systematic Strategies LLC purchased a new stake in TPG RE Finance Trust during the third quarter valued at about $390,000. Blackstone Group L.P. purchased a new stake in TPG RE Finance Trust during the third quarter valued at about $9,507,000. Alyeska Investment Group L.P. purchased a new stake in TPG RE Finance Trust during the third quarter valued at about $22,073,000. Boothbay Fund Management LLC purchased a new stake in TPG RE Finance Trust during the third quarter valued at about $275,000. Finally, Magnetar Financial LLC purchased a new stake in TPG RE Finance Trust during the third quarter valued at about $3,954,000. 26.37% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on TRTX. Zacks Investment Research raised TPG RE Finance Trust from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Thursday, October 26th. Citigroup reaffirmed a “neutral” rating and issued a $22.00 price objective on shares of TPG RE Finance Trust in a research report on Tuesday, October 17th. JMP Securities began coverage on TPG RE Finance Trust in a research report on Friday, August 18th. They issued an “outperform” rating and a $21.50 price objective for the company. Deutsche Bank began coverage on TPG RE Finance Trust in a research report on Friday, August 18th. They issued a “buy” rating and a $21.00 price objective for the company. Finally, J P Morgan Chase & Co began coverage on TPG RE Finance Trust in a research report on Monday, August 14th. They issued a “neutral” rating and a $20.50 price objective for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $21.33.

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TPG RE Finance Trust Company Profile

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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