TPG RE Finance Trust (NYSE:TRTX) Stock Moved Up to "Hold" by Wall Street Zen

Key Points

• Wall Street Zen upgraded TPG RE Finance Trust from “Sell” to “Hold.” Overall analyst sentiment remains “Moderate Buy,” with four Buy ratings, three Holds, and a consensus price target of $10.00.
• TRTX shares opened at $5.78, near their 52-week low of $5.60 and below both their 50-day and 200-day moving averages. The company’s latest quarterly results missed expectations, reporting $0.23 in EPS versus the $0.26 consensus and revenue of $34.01 million versus $37.30 million expected.
• Institutional investors own 57.12% of the company, with BlackRock initiating a position worth approximately $54.4 million and several other funds increasing or establishing holdings.

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

Several other brokerages have also recently weighed in on TRTX. UBS Group cut shares of TPG RE Finance Trust to a "neutral" rating in a research report on Thursday, September 17th. Citigroup restated a "market outperform" rating on shares of TPG RE Finance Trust in a research report on Thursday, September 17th. JPMorgan Chase & Co. upped their price objective on shares of 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, Weiss Ratings lowered shares of TPG RE Finance Trust from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, September 18th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, TPG RE Finance Trust has an average rating of "Moderate Buy" and a consensus target price of $10.00.

TPG RE Finance Trust Trading Down 2.4%

Shares of TRTX stock opened at $5.78 on Friday. The business has a 50-day moving average of $7.13 and a 200 day moving average of $7.92. The company has a debt-to-equity ratio of 3.30, a current ratio of 200.26 and a quick ratio of 200.26. TPG RE Finance Trust has a 1-year low of $5.60 and a 1-year high of $9.37. The stock has a market capitalization of $443.35 million, a PE ratio of 10.69, a P/E/G ratio of 1.30 and a beta of 1.47.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.03). TPG RE Finance Trust had a return on equity of 6.85% and a net margin of 17.03%. The company had revenue of $34.01 million during the quarter, compared to analysts' expectations of $37.30 million. As a group, sell-side analysts anticipate 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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in TPG RE Finance Trust in the second quarter worth about $54,386,000. Arrowstreet Capital Limited Partnership boosted its position in TPG RE Finance Trust by 60.4% during the 1st 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. Van ECK Associates Corp boosted its position in TPG RE Finance Trust by 9.3% during the 2nd quarter. Van ECK Associates Corp now owns 816,098 shares of the company's stock valued at $6,831,000 after acquiring an additional 69,463 shares in the last quarter. Almitas Capital LLC purchased a new position in shares of TPG RE Finance Trust during the 2nd quarter worth approximately $3,036,000. Finally, Bank of America Corp DE purchased a new position in shares of TPG RE Finance Trust during the 2nd quarter worth approximately $2,265,000. Hedge funds and other institutional investors own 57.12% of the company's stock.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc NYSE: TRTX is a real estate finance company organized as a mortgage real estate investment trust. The company focuses on originating, acquiring and managing commercial real estate loans, with an emphasis on senior mortgage loans secured by institutional-quality properties.

Its lending activities primarily support transitional commercial properties, which are assets undergoing renovation, repositioning, lease-up or other improvements intended to enhance their value and cash flow.

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