TPG RE Finance Trust (NYSE:TRTX) Upgraded by Wall Street Zen to Hold Rating

Key Points

• TPG RE Finance Trust has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting improved market sentiment.
• JPMorgan Chase & Co. and Wells Fargo have also raised their price targets for the stock, with new targets set at $8.00 and $11.00, respectively, indicating positive outlooks from major analysts.
• Institutional investors have significantly increased their holdings in TPG RE Finance Trust, with CWM LLC raising its position by 473.7% during the second quarter alone.

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

A number of other equities research analysts also recently weighed in on TRTX. Wells Fargo & Company upped their target price on TPG RE Finance Trust from $9.00 to $11.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. increased 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 research report on Thursday, May 1st.

TPG RE Finance Trust Stock Up 0.1%

Shares of NYSE TRTX traded up $0.01 during midday trading on Friday, reaching $8.93. 183,760 shares of the company's stock were exchanged, compared to its average volume of 677,870. The company has a debt-to-equity ratio of 2.75, a quick ratio of 193.29 and a current ratio of 193.29. The stock has a market capitalization of $701.42 million, a PE ratio of 13.72, a price-to-earnings-growth ratio of 2.53 and a beta of 1.63. TPG RE Finance Trust has a 52-week low of $6.47 and a 52-week high of $9.31. The business's fifty day moving average price is $8.05 and its two-hundred day moving average price is $8.03.

Hedge Funds Weigh In On TPG RE Finance Trust

Institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming lifted its position in shares of TPG RE Finance Trust by 2.9% during the fourth quarter. State of Wyoming now owns 48,955 shares of the company's stock valued at $416,000 after purchasing an additional 1,374 shares in the last quarter. New Age Alpha Advisors LLC increased 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 acquiring an additional 1,959 shares during the period. Voya Investment Management LLC increased its holdings in TPG RE Finance Trust by 3.9% during the 4th quarter. Voya Investment Management LLC now owns 64,401 shares of the company's stock worth $547,000 after acquiring an additional 2,417 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 worth $290,000 after buying an additional 2,478 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings 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 worth $292,000 after buying an additional 2,490 shares during the last quarter. 57.12% of the stock is currently 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.