The Analysts Set $21.00 Price Target for TPG RE Finance Trust Inc (TRTX)

The Analysts Set $21.00 Price Target for TPG RE Finance Trust Inc (TRTX)

TPG RE Finance Trust Inc (NASDAQ:TRTX) has received a consensus broker rating score of 1.50 (Buy) from the four analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and three have assigned a strong buy rating to the company.

Analysts have set a 12-month consensus target price of $21.00 for the company, according to Zacks. Zacks has also assigned TPG RE Finance Trust an industry rank of 109 out of 265 based on the ratings given to related companies.

Several equities research analysts have commented on TRTX shares. Citigroup Inc. started coverage on TPG RE Finance Trust in a report on Monday, August 14th. They issued a “neutral” rating and a $22.00 target price on the stock. J P Morgan Chase & Co started coverage on TPG RE Finance Trust in a report on Monday, August 14th. They issued a “neutral” rating and a $20.50 target price on the stock. Bank of America Corporation started coverage on TPG RE Finance Trust in a report on Monday, August 14th. They issued a “buy” rating and a $21.00 target price on the stock. Deutsche Bank AG started coverage on TPG RE Finance Trust in a report on Friday, August 18th. They issued a “buy” rating and a $21.00 target price on the stock. Finally, JMP Securities started coverage on TPG RE Finance Trust in a report on Friday, August 18th. They issued an “outperform” rating and a $21.50 target price on the stock.

Shares of TPG RE Finance Trust (NASDAQ TRTX) opened at 19.88 on Friday. TPG RE Finance Trust has a 52-week low of $18.71 and a 52-week high of $25.59. The company has a 50-day moving average price of $19.92 and a 200-day moving average price of $20.33. The stock’s market capitalization is $1.19 billion.

The business also recently announced an annual dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Friday, October 6th will be issued a $0.33 dividend. The ex-dividend date is Thursday, October 5th.

About TPG RE Finance Trust

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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