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

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

Several other research firms also recently commented on TRTX. Wells Fargo & Company reduced their price objective on TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. JPMorgan Chase & Co. upped their price objective on TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $9.50.

TPG RE Finance Trust Trading Up 1.7%

TRTX stock traded up $0.13 on Friday, reaching $7.69. The company's stock had a trading volume of 406,052 shares, compared to its average volume of 644,413. The business has a fifty day simple moving average of $7.51 and a two-hundred day simple moving average of $8.23. TPG RE Finance Trust has a 12-month low of $6.47 and a 12-month high of $9.66. The firm has a market cap of $613.70 million, a PE ratio of 10.25, a PEG ratio of 0.25 and a beta of 1.63. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81.

Hedge Funds Weigh In On TPG RE Finance Trust

Institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. acquired a new stake in shares of TPG RE Finance Trust in the fourth quarter valued at $1,526,000. Teacher Retirement System of Texas increased its position in TPG RE Finance Trust by 41.7% during the 4th quarter. Teacher Retirement System of Texas now owns 293,525 shares of the company's stock worth $2,495,000 after purchasing an additional 86,337 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of TPG RE Finance Trust in the 4th quarter worth approximately $548,000. Bank of America Corp DE grew its holdings in TPG RE Finance Trust by 49.2% during the 4th quarter. Bank of America Corp DE now owns 426,174 shares of the company's stock valued at $3,622,000 after buying an additional 140,507 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of TPG RE Finance Trust by 114.6% during the 4th quarter. Deutsche Bank AG now owns 130,903 shares of the company's stock worth $1,113,000 after purchasing an additional 69,895 shares during the period. Hedge funds and other institutional investors own 57.12% of the company's stock.

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.