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

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

A number of other research firms have also recently issued reports on TRTX. Wells Fargo & Company lowered their price objective on shares of TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. JPMorgan Chase & Co. upped their price target on shares of 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 investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.50.

TPG RE Finance Trust Price Performance

Shares of TRTX stock remained flat at $7.97 on Friday. The company had a trading volume of 692,459 shares, compared to its average volume of 663,898. The stock's 50 day moving average is $7.81 and its 200 day moving average is $8.06. The company has a market capitalization of $636.48 million, a PE ratio of 11.39, a P/E/G ratio of 2.41 and a beta of 1.60. The company has a debt-to-equity ratio of 2.52, a quick ratio of 182.89 and a current ratio of 182.89. TPG RE Finance Trust has a twelve month low of $6.47 and a twelve month high of $9.66.

Hedge Funds Weigh In On TPG RE Finance Trust

Hedge funds have recently modified their holdings of the business. State of Wyoming lifted its stake in shares of TPG RE Finance Trust by 2.9% in the fourth quarter. State of Wyoming now owns 48,955 shares of the company's stock worth $416,000 after acquiring an additional 1,374 shares during the period. New Age Alpha Advisors LLC raised its holdings in TPG RE Finance Trust by 38.8% during the 1st quarter. New Age Alpha Advisors LLC now owns 7,009 shares of the company's stock worth $57,000 after purchasing an additional 1,959 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of TPG RE Finance Trust by 3.9% in the 4th quarter. Voya Investment Management LLC now owns 64,401 shares of the company's stock worth $547,000 after purchasing an additional 2,417 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of TPG RE Finance Trust by 7.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,101 shares of the company's stock valued at $290,000 after purchasing an additional 2,478 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in shares of TPG RE Finance Trust by 7.8% in the 4th quarter. MetLife Investment Management LLC now owns 34,322 shares of the company's stock valued at $292,000 after purchasing an additional 2,490 shares during the last quarter. Institutional investors and hedge funds own 57.12% of the company's stock.

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.