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 analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Several other research analysts have also commented on TRTX. JPMorgan Chase & Co. lifted their price target on shares of TPG RE Finance Trust from $7.00 to $8.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Wells Fargo & Company increased their price target on TPG RE Finance Trust from $9.00 to $11.00 and gave the stock an "overweight" rating in a research note on Thursday.

TPG RE Finance Trust Trading Down 0.2%

NYSE TRTX opened at $8.68 on Friday. The company has a market capitalization of $682.16 million, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 2.54 and a beta of 1.63. TPG RE Finance Trust has a 12 month low of $6.47 and a 12 month high of $9.31. The company's fifty day moving average price is $8.02 and its two-hundred day moving average price is $8.03. The company has a debt-to-equity ratio of 2.75, a current ratio of 193.29 and a quick ratio of 182.89.

Institutional Investors Weigh In On TPG RE Finance Trust

Several large investors have recently modified their holdings of TRTX. CWM LLC raised its position in shares of TPG RE Finance Trust by 473.7% during the second quarter. CWM LLC now owns 3,517 shares of the company's stock worth $27,000 after purchasing an additional 2,904 shares during the period. KLP Kapitalforvaltning AS increased its stake in TPG RE Finance Trust by 73.3% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 14,900 shares of the company's stock worth $118,000 after purchasing an additional 6,300 shares in the last quarter. Voya Investment Management LLC raised its holdings in TPG RE Finance Trust by 40.4% during the 1st quarter. Voya Investment Management LLC now owns 90,391 shares of the company's stock worth $737,000 after buying an additional 25,990 shares during the period. Strs Ohio purchased a new stake in TPG RE Finance Trust during the first quarter valued at about $87,000. Finally, Caxton Associates LLP acquired a new position in shares of TPG RE Finance Trust in the first quarter worth about $706,000. 57.12% of the stock is owned by institutional investors.

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.

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