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

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

A number of other research analysts have also issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Wells Fargo & Company decreased their target price on shares of TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to MarketBeat.com, TPG RE Finance Trust has a consensus rating of "Moderate Buy" and an average price target of $9.50.

TPG RE Finance Trust Stock Performance

Shares of NYSE:TRTX traded down $0.06 on Friday, reaching $7.68. 430,358 shares of the company's stock were exchanged, compared to its average volume of 644,888. The company has a fifty day moving average of $7.55 and a 200-day moving average of $8.25. TPG RE Finance Trust has a twelve month low of $6.47 and a twelve month high of $9.66. The company has a market capitalization of $613.30 million, a price-to-earnings ratio of 10.24, a PEG ratio of 0.25 and a beta of 1.63. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14.

Institutional Trading of TPG RE Finance Trust

Several large investors have recently bought and sold shares of the business. Arlington Trust Co LLC acquired a new stake in shares of TPG RE Finance Trust in the 1st quarter valued at approximately $41,000. New Age Alpha Advisors LLC acquired a new position in TPG RE Finance Trust during the 4th quarter worth approximately $43,000. AlphaQuest LLC lifted its stake in TPG RE Finance Trust by 151.2% in the 1st quarter. AlphaQuest LLC now owns 8,567 shares of the company's stock valued at $70,000 after purchasing an additional 5,157 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in TPG RE Finance Trust in the fourth quarter valued at approximately $75,000. Finally, Virtu Financial LLC acquired a new stake in TPG RE Finance Trust in the fourth quarter valued at approximately $85,000. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Company Profile

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.