TPG RE Finance Trust (NYSE:TRTX) Stock Rating Lowered by Raymond James

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) was downgraded by equities researchers at Raymond James from a "strong-buy" rating to an "outperform" rating in a research report issued to clients and investors on Friday, MarketBeat reports. They presently have a $8.50 price target on the stock. Raymond James' target price points to a potential upside of 16.28% from the company's current price.

Several other equities research analysts also recently weighed in on TRTX. Wells Fargo & Company increased their target price on shares of TPG RE Finance Trust from $6.00 to $7.00 and gave the stock an "overweight" rating in a research note on Thursday, February 22nd. JPMorgan Chase & Co. increased their price target on shares of TPG RE Finance Trust from $7.00 to $7.50 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Bank of America reissued an "underperform" rating and set a $6.50 price target on shares of TPG RE Finance Trust in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $7.70.

TPG RE Finance Trust Stock Performance

Shares of TRTX traded down $0.27 during mid-day trading on Friday, hitting $7.31. 720,446 shares of the company's stock were exchanged, compared to its average volume of 658,449. TPG RE Finance Trust has a fifty-two week low of $4.64 and a fifty-two week high of $8.12. The firm has a market capitalization of $569.23 million, a P/E ratio of -4.33 and a beta of 2.10. The business's 50 day moving average is $7.01 and its two-hundred day moving average is $6.45. The company has a current ratio of 158.41, a quick ratio of 158.41 and a debt-to-equity ratio of 2.46.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC purchased a new position in TPG RE Finance Trust in the first quarter valued at about $952,000. Barclays PLC increased its holdings in TPG RE Finance Trust by 86.8% in the fourth quarter. Barclays PLC now owns 327,846 shares of the company's stock valued at $2,130,000 after buying an additional 152,317 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of TPG RE Finance Trust by 4.7% during the 4th quarter. Nuveen Asset Management LLC now owns 191,292 shares of the company's stock worth $1,245,000 after purchasing an additional 8,542 shares in the last quarter. Royal Bank of Canada increased its stake in shares of TPG RE Finance Trust by 71.5% during the 4th quarter. Royal Bank of Canada now owns 19,902 shares of the company's stock worth $130,000 after purchasing an additional 8,298 shares in the last quarter. Finally, Nebula Research & Development LLC purchased a new position in shares of TPG RE Finance Trust during the 4th quarter worth approximately $117,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc, a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.