TPG RE Finance Trust (NYSE:TRTX) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded TPG RE Finance Trust from “sell” to “hold,” while the broader analyst consensus remains “Moderate Buy” with a $10.00 price target.
• TRTX shares opened at $7.91, near the lower end of their 52-week range of $7.57 to $9.85. The company’s latest quarterly results fell short of expectations, reporting $0.23 in EPS versus the $0.26 consensus and revenue of $34.01 million versus $37.30 million expected.
• Institutional investors increased their exposure to the company during the second quarter, and institutions and hedge funds now own approximately 57.12% of TRTX shares.

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

TRTX has been the subject of a number of other reports. Weiss Ratings lowered TPG RE Finance Trust from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday. JPMorgan Chase & Co. upped their target price 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, Citigroup restated 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $10.00.

TPG RE Finance Trust Price Performance

Shares of TPG RE Finance Trust stock opened at $7.91 on Friday. The stock has a market capitalization of $607.25 million, a price-to-earnings ratio of 14.65, a P/E/G ratio of 1.73 and a beta of 1.42. The firm's 50-day moving average price is $8.18 and its two-hundred day moving average price is $8.26. The company has a current ratio of 200.26, a quick ratio of 200.26 and a debt-to-equity ratio of 3.30. TPG RE Finance Trust has a 1-year low of $7.57 and a 1-year high of $9.85.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last released 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 business had revenue of $34.01 million for the quarter, compared to the consensus estimate of $37.30 million. On average, equities analysts predict that TPG RE Finance Trust will post 0.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TPG RE Finance Trust

Several institutional investors have recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of TPG RE Finance Trust during the second quarter worth approximately $1,066,000. California State Teachers Retirement System boosted its stake in TPG RE Finance Trust by 708.0% in the second quarter. California State Teachers Retirement System now owns 540,434 shares of the company's stock valued at $4,523,000 after acquiring an additional 473,551 shares during the last quarter. Van ECK Associates Corp grew its holdings 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 worth $6,831,000 after acquiring an additional 69,463 shares during the period. Almitas Capital LLC acquired a new stake in TPG RE Finance Trust during the 2nd quarter worth $3,036,000. Finally, Bank of America Corp DE bought a new stake in shares of TPG RE Finance Trust during the 2nd quarter valued at $2,265,000. Institutional investors and hedge funds 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.

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