TPG RE Finance Trust (NYSE:TRTX) Rating Increased to Hold at Zacks Research

TPG RE Finance Trust (NYSE:TRTX) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also weighed in on TRTX. Weiss Ratings lowered TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 9th. Wells Fargo & Company reduced their price objective on TPG RE Finance Trust from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Citigroup upgraded TPG RE Finance Trust from a “market perform” rating to an “outperform” rating in a report on Thursday, March 12th. Citizens Jmp upgraded TPG RE Finance Trust from a “market perform” rating to an “outperform” rating and set a $10.00 target price for the company in a report on Thursday, March 12th. Finally, JPMorgan Chase & Co. reduced their target price on TPG RE Finance Trust from $10.50 to $9.50 and set an “overweight” rating for the company in a report on Thursday, April 16th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.83.

TPG RE Finance Trust Stock Performance

TRTX opened at $8.40 on Tuesday. The firm has a market cap of $650.78 million, a PE ratio of 14.99, a P/E/G ratio of 1.41 and a beta of 1.50. The company has a quick ratio of 183.34, a current ratio of 183.34 and a debt-to-equity ratio of 3.02. The business has a fifty day simple moving average of $8.21 and a 200-day simple moving average of $8.68. TPG RE Finance Trust has a fifty-two week low of $7.16 and a fifty-two week high of $9.85.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03). The company had revenue of $35.04 million for the quarter, compared to the consensus estimate of $27.15 million. TPG RE Finance Trust had a return on equity of 6.84% and a net margin of 18.14%. As a group, equities analysts predict that TPG RE Finance Trust will post 0.96 EPS for the current fiscal year.

Institutional Trading of TPG RE Finance Trust

Hedge funds have recently modified their holdings of the business. Kemnay Advisory Services Inc. purchased a new stake in shares of TPG RE Finance Trust during the fourth quarter worth $30,000. Kestra Advisory Services LLC purchased a new stake in shares of TPG RE Finance Trust during the fourth quarter worth $30,000. Russell Investments Group Ltd. raised its holdings in shares of TPG RE Finance Trust by 2,454.1% during the third quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock worth $51,000 after acquiring an additional 5,718 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of TPG RE Finance Trust by 86.6% during the second quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock worth $50,000 after acquiring an additional 3,013 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of TPG RE Finance Trust by 249.1% during the second 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 in the last quarter. Hedge funds and other institutional investors own 57.12% of the company’s stock.

About TPG RE Finance Trust

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.