Zacks Research Upgrades TPG RE Finance Trust (NYSE:TRTX) to Hold

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

A number of other research analysts have also weighed in on the stock. Citigroup raised shares of TPG RE Finance Trust from a “market perform” rating to an “outperform” rating in a report on Thursday, March 12th. Wells Fargo & Company cut their target price on shares of TPG RE Finance Trust from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Weiss Ratings lowered shares of TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. JPMorgan Chase & Co. cut their target price on shares of 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. Finally, Citizens Jmp raised shares of 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. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $9.83.

TPG RE Finance Trust Trading Up 0.3%

TPG RE Finance Trust stock opened at $8.40 on Tuesday. The stock has a market cap of $650.78 million, a P/E ratio of 14.99, a PEG ratio of 1.41 and a beta of 1.50. The company has a debt-to-equity ratio of 3.02, a current ratio of 183.34 and a quick ratio of 183.34. TPG RE Finance Trust has a 1 year low of $7.16 and a 1 year high of $9.85. The firm’s 50 day moving average price is $8.21 and its 200-day moving average price is $8.68.

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

Institutional Trading of TPG RE Finance Trust

A number of large investors have recently made changes to their positions in the stock. Van ECK Associates Corp boosted its stake in shares of TPG RE Finance Trust by 0.5% during the third quarter. Van ECK Associates Corp now owns 530,776 shares of the company’s stock valued at $4,543,000 after purchasing an additional 2,379 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of TPG RE Finance Trust by 14.1% during the second quarter. The Manufacturers Life Insurance Company now owns 24,164 shares of the company’s stock valued at $187,000 after purchasing an additional 2,985 shares during the period. BNP Paribas Financial Markets boosted its stake 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 valued at $50,000 after purchasing an additional 3,013 shares during the period. Royal Bank of Canada boosted its stake in shares of TPG RE Finance Trust by 3.8% during the fourth quarter. Royal Bank of Canada now owns 90,818 shares of the company’s stock valued at $781,000 after purchasing an additional 3,311 shares during the period. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of TPG RE Finance Trust during the fourth quarter valued at $30,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

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.