TPG RE Finance Trust (NYSE:TRTX) Rating Lowered to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded TPG RE Finance Trust to “Sell” from “Hold,” although other analysts remain more positive; the stock carries a consensus “Moderate Buy” rating and a $10.00 price target.
• TRTX opened at $7.20, near its 52-week low of $7.18, and recently reported quarterly EPS of $0.23 and revenue of $34.01 million—both below analyst expectations.
• Institutional investors own 57.12% of the company, with BlackRock and several other firms recently initiating or increasing positions in the stock.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other research firms also recently weighed in on TRTX. Citigroup reissued a "market outperform" rating on shares of TPG RE Finance Trust in a research report on Thursday. Weiss Ratings lowered shares of TPG RE Finance Trust from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, September 1st. JPMorgan Chase & Co. increased their price objective on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock an "overweight" rating in a research report on Friday, July 17th. Finally, UBS Group cut shares of TPG RE Finance Trust to a "neutral" rating in a research report on Thursday. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $10.00.

TPG RE Finance Trust Price Performance

TRTX stock opened at $7.20 on Friday. The company has a fifty day moving average price of $7.99 and a 200-day moving average price of $8.18. The company has a market capitalization of $552.36 million, a P/E ratio of 13.32, a PEG ratio of 1.61 and a beta of 1.42. TPG RE Finance Trust has a 52-week low of $7.18 and a 52-week high of $9.41. 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 (NYSE:TRTX - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $37.30 million. As a group, equities analysts expect that TPG RE Finance Trust will post 0.92 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TRTX. BlackRock Inc. bought a new position in shares of TPG RE Finance Trust during the 2nd quarter worth approximately $54,386,000. Almitas Capital LLC bought a new position in shares of TPG RE Finance Trust in the second quarter valued at approximately $3,036,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of TPG RE Finance Trust by 60.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 929,566 shares of the company's stock valued at $7,260,000 after acquiring an additional 350,020 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of TPG RE Finance Trust during the second quarter valued at approximately $2,265,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of TPG RE Finance Trust during the second quarter valued at approximately $1,768,000. Institutional investors and hedge funds own 57.12% of the company's stock.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc is a real estate investment trust that originates, acquires and manages commercial real estate loans. The company primarily focuses on senior mortgage loans secured by institutional-quality properties in major U.S. markets.

Its portfolio may include loans backed by a range of commercial property types, such as multifamily, office, hospitality, industrial, retail and other commercial assets. TPG RE Finance Trust generally seeks to provide financing to owners and operators of income-producing real estate while managing credit, interest-rate and other investment risks.

The company was established in 2014 and is externally managed by TPG RE Finance Trust Management, LLC, an affiliate of global alternative asset manager TPG Inc Through its relationship with TPG, the company benefits from access to real estate investment and lending expertise.

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