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

TPG RE Finance Trust (NYSE:TRTX) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

TRTX has been the subject of several other reports. Weiss Ratings lowered TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, September 1st. JPMorgan Chase & Co. boosted their target price on TPG RE Finance Trust from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of TPG RE Finance Trust in a research report on Tuesday, June 9th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, TPG RE Finance Trust currently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

TPG RE Finance Trust Stock Performance

Shares of TRTX stock opened at $7.91 on Friday. The firm has a market cap of $607.25 million, a price-to-earnings ratio of 14.65, a P/E/G ratio of 1.74 and a beta of 1.42. The company has a debt-to-equity ratio of 3.30, a quick ratio of 200.26 and a current ratio of 200.26. TPG RE Finance Trust has a 52 week low of $7.57 and a 52 week high of $9.85. The firm’s 50-day simple moving average is $8.18 and its two-hundred day simple moving average is $8.25.

TPG RE Finance Trust (NYSE:TRTX) last released its earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03). TPG RE Finance Trust had a net margin of 17.03% and a return on equity of 6.85%. The company had revenue of $34.01 million for the quarter, compared to the consensus estimate of $37.30 million. As a group, equities analysts forecast that TPG RE Finance Trust will post 0.92 earnings per share for the current year.

Hedge Funds Weigh In On TPG RE Finance Trust

Large investors have recently made changes to their positions in the stock. Kemnay Advisory Services Inc. bought a new stake in shares of TPG RE Finance Trust during the 4th quarter valued at $30,000. Kestra Advisory Services LLC purchased a new stake in TPG RE Finance Trust during the 4th quarter worth about $30,000. BNP Paribas Financial Markets boosted its stake in TPG RE Finance Trust by 86.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock worth $50,000 after purchasing an additional 3,013 shares during the period. Russell Investments Group Ltd. grew its holdings in TPG RE Finance Trust by 2,454.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock valued at $51,000 after buying an additional 5,718 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings 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 valued at $53,000 after buying an additional 4,865 shares in the last quarter. 57.12% of the stock is owned by institutional investors.

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.