TPG RE Finance Trust (NYSE:TRTX) Given New $10.00 Price Target at JPMorgan Chase & Co.

TPG RE Finance Trust (NYSE:TRTX) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $9.50 to $10.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 14.22% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of TPG RE Finance Trust in a research note on Friday, May 22nd. Zacks Research raised shares of TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Citigroup reiterated a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Tuesday, June 9th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $10.00.

TPG RE Finance Trust Price Performance

TPG RE Finance Trust stock opened at $8.76 on Friday. TPG RE Finance Trust has a 52 week low of $7.57 and a 52 week high of $9.85. The company’s 50 day moving average price is $8.43 and its two-hundred day moving average price is $8.48. The stock has a market cap of $676.85 million, a P/E ratio of 13.90, a P/E/G ratio of 1.75 and a beta of 1.40. The company has a quick ratio of 201.40, a current ratio of 201.40 and a debt-to-equity ratio of 3.11.

TPG RE Finance Trust (NYSE:TRTX) last released its earnings results on Tuesday, April 28th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The company had revenue of $37.31 million during the quarter, compared to analyst estimates of $37.15 million. TPG RE Finance Trust had a return on equity of 6.91% and a net margin of 19.38%. On average, equities analysts predict that TPG RE Finance Trust will post 0.93 earnings per share for the current year.

Institutional Trading of TPG RE Finance Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Kemnay Advisory Services Inc. bought a new position in TPG RE Finance Trust in the 4th quarter worth about $30,000. Kestra Advisory Services LLC bought a new stake in shares of TPG RE Finance Trust during the 4th quarter worth $30,000. BNP Paribas Financial Markets increased its position in shares of TPG RE Finance Trust by 86.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock valued at $50,000 after purchasing an additional 3,013 shares during the last quarter. Russell Investments Group Ltd. raised its position in TPG RE Finance Trust by 2,454.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock worth $51,000 after purchasing an additional 5,718 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in TPG RE Finance Trust by 249.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock worth $53,000 after acquiring an additional 4,865 shares during the last quarter. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.