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

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 report released on Saturday.

Several other brokerages have also recently weighed in 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 on the stock in a research note on Thursday, May 1st. 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 report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.50.

TPG RE Finance Trust Stock Performance

Shares of NYSE:TRTX traded down $0.02 during trading on Friday, hitting $8.06. The company's stock had a trading volume of 356,965 shares, compared to its average volume of 660,502. The company has a 50-day moving average of $7.79 and a 200-day moving average of $8.07. TPG RE Finance Trust has a 12 month low of $6.47 and a 12 month high of $9.66. The company has a debt-to-equity ratio of 2.52, a current ratio of 182.89 and a quick ratio of 182.89. The firm has a market cap of $643.67 million, a price-to-earnings ratio of 11.51, a P/E/G ratio of 2.43 and a beta of 1.60.

Institutional Investors Weigh In On TPG RE Finance Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arlington Trust Co LLC purchased a new stake in TPG RE Finance Trust during the 1st quarter valued at approximately $41,000. New Age Alpha Advisors LLC purchased a new stake in TPG RE Finance Trust during the 4th quarter valued at approximately $43,000. AlphaQuest LLC grew its holdings in TPG RE Finance Trust by 151.2% during the 1st quarter. AlphaQuest LLC now owns 8,567 shares of the company's stock valued at $70,000 after buying an additional 5,157 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in TPG RE Finance Trust during the 4th quarter valued at approximately $75,000. Finally, Virtu Financial LLC purchased a new stake in TPG RE Finance Trust during the 4th quarter valued at approximately $85,000. 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.