TPG RE Finance Trust (NYSE:TRTX)'s stock had its "buy" rating restated by research analysts at Raymond James in a research note issued on Thursday, AnalystRatings.com reports.
Several other brokerages also recently commented on TRTX. Zacks Investment Research raised shares of TPG RE Finance Trust from a "sell" rating to a "hold" rating in a research report on Wednesday. Citigroup increased their price objective on shares of TPG RE Finance Trust from $6.00 to $7.50 and gave the company a "neutral" rating in a research report on Monday, July 20th. ValuEngine downgraded shares of TPG RE Finance Trust from a "strong-buy" rating to a "buy" rating in a research report on Monday. Finally, Wells Fargo & Co cut their price objective on shares of TPG RE Finance Trust from $22.00 to $9.00 and set an "overweight" rating on the stock in a research report on Thursday, May 14th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of "Buy" and an average target price of $13.67.
Shares of NYSE TRTX opened at $8.92 on Thursday. The company has a current ratio of 241.68, a quick ratio of 241.68 and a debt-to-equity ratio of 2.89. TPG RE Finance Trust has a 12 month low of $2.45 and a 12 month high of $21.30. The firm has a market capitalization of $658.57 million, a PE ratio of -5.41 and a beta of 1.91. The firm has a fifty day simple moving average of $8.27 and a two-hundred day simple moving average of $11.06.
TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.22 by $0.30. The company had revenue of $44.31 million during the quarter, compared to analyst estimates of $35.58 million. TPG RE Finance Trust had a negative net margin of 38.46% and a negative return on equity of 4.43%. On average, sell-side analysts predict that TPG RE Finance Trust will post -1.32 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. First Trust Advisors LP boosted its holdings in shares of TPG RE Finance Trust by 9.2% in the first quarter. First Trust Advisors LP now owns 169,253 shares of the company's stock worth $3,317,000 after buying an additional 14,297 shares during the last quarter. Raymond James & Associates purchased a new stake in TPG RE Finance Trust in the fourth quarter valued at approximately $261,000. Bank of New York Mellon Corp boosted its position in TPG RE Finance Trust by 1.3% in the fourth quarter. Bank of New York Mellon Corp now owns 209,733 shares of the company's stock valued at $4,251,000 after buying an additional 2,594 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in TPG RE Finance Trust by 50.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 50,812 shares of the company's stock valued at $1,030,000 after buying an additional 17,150 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in TPG RE Finance Trust in the fourth quarter valued at approximately $260,000. 59.37% of the stock is currently owned by hedge funds and other institutional investors.
About TPG RE Finance Trust
TPG RE Finance Trust, Inc, a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in North America. It invests in commercial mortgage loans; and subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments secured by properties primarily in the office, mixed use, multifamily, industrial, retail, and hospitality real estate sectors.
See Also: How to invest in a bear market
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
7 Stocks That Risk-Averse Investors Can Buy Now
If the title of this presentation piqued your interest, then you understand that there’s no such thing as risk-free investing. And that’s particularly true when you’re investing in stocks. The truth is sometimes the best thing that can happen is that your portfolio performs less badly than the market.
The goal of the risk-averse investor is not to avoid stocks, it’s to ensure that you retain the capital you gain, even if that means your portfolio does not grow as fast or as far as more aggressive stocks. You have to have a very low FOMO (fear of missing out) level.
With that in mind, there are still ways you can profit from this market without throwing caution to the wind. One is to look for stocks that have a low beta. Beta is a measure of a stock’s volatility in comparison to the rest of the market. A stock with a beta of 1, for example, means that investors can expect the price movement of the stock to be closely correlated to the market. A beta of more than 1 means the stock price will be more volatile (higher highs but lower lows).
What you’re looking for is a beta of less than 1. This means that the stock is less volatile than the broader market. While this may mean lower highs, it also generally means lower lows.
And many of these stocks are in defensive sectors. This means that their performance is consistent under both good and bad economic conditions.
View the "7 Stocks That Risk-Averse Investors Can Buy Now".