Media headlines about TPG RE Finance Trust (NASDAQ:TRTX) have trended positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. TPG RE Finance Trust earned a news sentiment score of 0.26 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.5890768315741 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of brokerages have commented on TRTX. JMP Securities began coverage on TPG RE Finance Trust in a research note on Friday, August 18th. They set an “outperform” rating and a $21.50 price objective on the stock. Deutsche Bank AG began coverage on TPG RE Finance Trust in a research note on Friday, August 18th. They set a “buy” rating and a $21.00 price objective on the stock. Bank of America Corporation began coverage on TPG RE Finance Trust in a research note on Monday, August 14th. They set a “buy” rating and a $21.00 price objective on the stock. J P Morgan Chase & Co began coverage on TPG RE Finance Trust in a research note on Monday, August 14th. They set a “neutral” rating and a $20.50 price objective on the stock. Finally, Citigroup Inc. began coverage on TPG RE Finance Trust in a research note on Monday, August 14th. They set a “neutral” rating and a $22.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. TPG RE Finance Trust currently has a consensus rating of “Buy” and an average target price of $21.20.
Shares of TPG RE Finance Trust (NASDAQ:TRTX) opened at 19.87 on Thursday. The stock’s market capitalization is $1.19 billion. The stock’s 50 day moving average price is $19.89 and its 200-day moving average price is $20.34. TPG RE Finance Trust has a 12 month low of $18.71 and a 12 month high of $20.70.
The company also recently declared an annual dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, October 5th.
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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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