TPG RE Finance Trust (NYSE:TRTX) Raised to Hold at Wall Street Zen

TPG RE Finance Trust (NYSE:TRTX) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. upped their target price on shares of TPG RE Finance Trust from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Wells Fargo & Company lowered their target price on shares of TPG RE Finance Trust from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, TPG RE Finance Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

TPG RE Finance Trust Price Performance

TRTX opened at $7.62 on Thursday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81. The stock has a market capitalization of $608.11 million, a P/E ratio of 10.15, a P/E/G ratio of 0.25 and a beta of 1.63. The company’s 50-day simple moving average is $7.63 and its two-hundred day simple moving average is $8.30. TPG RE Finance Trust has a 52-week low of $6.47 and a 52-week high of $9.66.

TPG RE Finance Trust (NYSE:TRTX) last posted its earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.18). The company had revenue of $34.74 million for the quarter, compared to the consensus estimate of $27.98 million. TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. As a group, analysts predict that TPG RE Finance Trust will post 0.99 EPS for the current year.

Hedge Funds Weigh In On TPG RE Finance Trust

Institutional investors have recently made changes to their positions in the business. Prudential Financial Inc. bought a new stake in TPG RE Finance Trust during the 4th quarter worth approximately $1,526,000. Teacher Retirement System of Texas grew its holdings in TPG RE Finance Trust by 41.7% during the 4th quarter. Teacher Retirement System of Texas now owns 293,525 shares of the company’s stock valued at $2,495,000 after buying an additional 86,337 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in TPG RE Finance Trust during the 4th quarter valued at approximately $548,000. Van ECK Associates Corp purchased a new stake in TPG RE Finance Trust during the 4th quarter valued at approximately $5,588,000. Finally, Thrivent Financial for Lutherans purchased a new stake in TPG RE Finance Trust during the 4th quarter valued at approximately $672,000. Institutional investors own 57.12% of the company’s stock.

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; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.