TPG RE Finance Trust (NYSE:TRTX) Upgraded by Zacks Research to Strong-Buy Rating

Key Points

• TPG RE Finance Trust (NYSE:TRTX) has been upgraded from a "hold" to a "strong-buy" rating by Zacks Research.
• JPMorgan and Wells Fargo recently raised their price targets for TPG RE Finance Trust, now predicting prices of $8.00 and $11.00, respectively.
• Institutional investors have significantly increased their stakes in TPG RE Finance Trust, with 57.12% of the stock owned by hedge funds and other institutional investors.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Tuesday,Zacks.com reports.

Several other brokerages also recently commented on TRTX. Wall Street Zen raised TPG RE Finance Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. increased their price objective on TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company increased their price objective on TPG RE Finance Trust from $9.00 to $11.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $9.50.

TPG RE Finance Trust Stock Performance

Shares of TPG RE Finance Trust stock opened at $9.24 on Tuesday. The company has a market cap of $725.78 million, a PE ratio of 14.21, a price-to-earnings-growth ratio of 2.50 and a beta of 1.63. TPG RE Finance Trust has a 52 week low of $6.47 and a 52 week high of $9.36. The business has a 50 day moving average price of $8.46 and a 200-day moving average price of $8.10. The company has a quick ratio of 193.29, a current ratio of 193.29 and a debt-to-equity ratio of 2.75.

Institutional Trading of TPG RE Finance Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. CANADA LIFE ASSURANCE Co increased its position in shares of TPG RE Finance Trust by 395.6% during the second quarter. CANADA LIFE ASSURANCE Co now owns 14,383 shares of the company's stock valued at $111,000 after acquiring an additional 11,481 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in TPG RE Finance Trust by 249.1% during the second quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company's stock valued at $53,000 after purchasing an additional 4,865 shares during the period. Vident Advisory LLC grew its holdings in TPG RE Finance Trust by 77.2% during the second quarter. Vident Advisory LLC now owns 25,633 shares of the company's stock valued at $198,000 after purchasing an additional 11,166 shares during the period. Modern Wealth Management LLC bought a new position in TPG RE Finance Trust during the second quarter valued at $161,000. Finally, BNP Paribas Financial Markets grew its holdings in TPG RE Finance Trust by 86.6% during the second quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company's stock valued at $50,000 after purchasing an additional 3,013 shares during the period. 57.12% of the stock is owned by hedge funds and other 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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