$0.44 Earnings Per Share Expected for TPG RE Finance Trust Inc (TRTX) This Quarter

Analysts forecast that TPG RE Finance Trust Inc (NYSE:TRTX) will announce earnings per share (EPS) of $0.44 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for TPG RE Finance Trust’s earnings, with estimates ranging from $0.42 to $0.45. TPG RE Finance Trust posted earnings of $0.41 per share during the same quarter last year, which suggests a positive year over year growth rate of 7.3%. The firm is scheduled to issue its next quarterly earnings results on Monday, February 25th.

According to Zacks, analysts expect that TPG RE Finance Trust will report full year earnings of $1.72 per share for the current financial year, with EPS estimates ranging from $1.69 to $1.74. For the next financial year, analysts forecast that the firm will post earnings of $1.83 per share, with EPS estimates ranging from $1.77 to $1.88. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover TPG RE Finance Trust.

TPG RE Finance Trust (NYSE:TRTX) last issued its earnings results on Monday, November 5th. The company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.02). The business had revenue of $36.60 million for the quarter, compared to analyst estimates of $35.90 million. TPG RE Finance Trust had a return on equity of 8.41% and a net margin of 41.60%. The firm’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same period last year, the company posted $0.35 earnings per share.

A number of research firms recently weighed in on TRTX. Zacks Investment Research cut shares of TPG RE Finance Trust from a “hold” rating to a “strong sell” rating in a report on Friday, October 26th. BTIG Research began coverage on shares of TPG RE Finance Trust in a report on Tuesday, October 9th. They issued a “buy” rating and a $21.50 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. TPG RE Finance Trust currently has an average rating of “Hold” and a consensus target price of $21.88.

Several large investors have recently bought and sold shares of TRTX. First Republic Investment Management Inc. boosted its holdings in shares of TPG RE Finance Trust by 74.0% in the second quarter. First Republic Investment Management Inc. now owns 116,294 shares of the company’s stock worth $2,363,000 after buying an additional 49,452 shares during the period. Timbercreek Investment Management Inc. boosted its holdings in shares of TPG RE Finance Trust by 4.1% in the third quarter. Timbercreek Investment Management Inc. now owns 426,723 shares of the company’s stock worth $8,543,000 after buying an additional 16,700 shares during the period. Resource America Inc. boosted its holdings in shares of TPG RE Finance Trust by 29.8% in the third quarter. Resource America Inc. now owns 217,663 shares of the company’s stock worth $4,358,000 after buying an additional 50,000 shares during the period. Northern Trust Corp boosted its holdings in shares of TPG RE Finance Trust by 51.2% in the second quarter. Northern Trust Corp now owns 311,353 shares of the company’s stock worth $6,327,000 after buying an additional 105,439 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of TPG RE Finance Trust by 284.3% in the second quarter. Bank of America Corp DE now owns 146,237 shares of the company’s stock worth $2,972,000 after buying an additional 108,182 shares during the period. Institutional investors own 45.79% of the company’s stock.

Shares of NYSE:TRTX opened at $19.71 on Friday. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 2.29 and a beta of -0.15. TPG RE Finance Trust has a 1-year low of $18.22 and a 1-year high of $21.05. The company has a debt-to-equity ratio of 2.12, a quick ratio of 36.68 and a current ratio of 36.68.

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 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.

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