Wall Street analysts expect TPG RE Finance Trust Inc (NYSE:TRTX) to report $36.50 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for TPG RE Finance Trust’s earnings. The lowest sales estimate is $36.40 million and the highest is $36.60 million. TPG RE Finance Trust posted sales of $28.25 million in the same quarter last year, which would indicate a positive year over year growth rate of 29.2%. The firm is expected to report its next earnings results on Monday, November 5th.

According to Zacks, analysts expect that TPG RE Finance Trust will report full year sales of $142.87 million for the current year, with estimates ranging from $140.00 million to $144.62 million. For the next year, analysts forecast that the firm will report sales of $171.40 million per share, with estimates ranging from $168.21 million to $177.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover TPG RE Finance Trust.

TPG RE Finance Trust (NYSE:TRTX) last released its earnings results on Monday, August 6th. The company reported $0.44 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. The firm had revenue of $35.05 million for the quarter, compared to the consensus estimate of $34.64 million. TPG RE Finance Trust had a return on equity of 8.10% and a net margin of 43.06%. The business’s quarterly revenue was up 8.3% on a year-over-year basis.

Separately, Zacks Investment Research downgraded TPG RE Finance Trust from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $22.00.

NYSE TRTX opened at $20.44 on Wednesday. The company has a market cap of $1.35 billion, a PE ratio of 11.75, a P/E/G ratio of 2.33 and a beta of -0.47. The company has a debt-to-equity ratio of 2.25, a quick ratio of 18.34 and a current ratio of 18.34. TPG RE Finance Trust has a fifty-two week low of $18.22 and a fifty-two week high of $21.05.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of TPG RE Finance Trust by 50.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 118,910 shares of the company’s stock valued at $2,417,000 after purchasing an additional 40,076 shares during the last quarter. Bank of America Corp DE increased its position in shares of TPG RE Finance Trust by 284.3% during the 2nd quarter. Bank of America Corp DE now owns 146,237 shares of the company’s stock valued at $2,972,000 after purchasing an additional 108,182 shares during the last quarter. First Republic Investment Management Inc. grew its position in TPG RE Finance Trust by 74.0% in the 2nd quarter. First Republic Investment Management Inc. now owns 116,294 shares of the company’s stock valued at $2,363,000 after acquiring an additional 49,452 shares during the last quarter. Resource America Inc. grew its position in TPG RE Finance Trust by 571.1% in the 2nd quarter. Resource America Inc. now owns 167,663 shares of the company’s stock valued at $3,407,000 after acquiring an additional 142,678 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in TPG RE Finance Trust in the 2nd quarter valued at $928,000. 36.83% of the stock is currently owned by hedge funds and other institutional investors.

About TPG RE Finance Trust

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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