Wells Fargo & Company Forecasts Strong Price Appreciation for TPG RE Finance Trust (NYSE:TRTX) Stock

Key Points

• Wells Fargo & Company has raised its target price for TPG RE Finance Trust (NYSE:TRTX) from $9.00 to $11.00, indicating a potential upside of 26.95% from the previous close.
• While Wells Fargo maintains an "overweight" rating, Wall Street Zen has downgraded TRTX from "hold" to "sell," reflecting mixed analyst sentiments on the stock.
• Institutional investors now hold 57.12% of TPG RE Finance Trust's stock, with Long Pond Capital significantly increasing its position by 117.1% in the latest quarter.

TPG RE Finance Trust (NYSE:TRTX - Free Report) had its target price raised by Wells Fargo & Company from $9.00 to $11.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts have also commented on TRTX. JPMorgan Chase & Co. upped their price objective on TPG RE Finance Trust from $7.00 to $8.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Wall Street Zen lowered TPG RE Finance Trust from a "hold" rating to a "sell" rating in a report on Saturday, July 5th.

TPG RE Finance Trust Stock Performance

NYSE TRTX traded up $0.18 on Thursday, reaching $8.85. The stock had a trading volume of 41,193 shares, compared to its average volume of 675,639. The company has a debt-to-equity ratio of 2.75, a current ratio of 193.29 and a quick ratio of 193.29. The firm has a fifty day moving average of $8.02 and a two-hundred day moving average of $8.02. TPG RE Finance Trust has a 1-year low of $6.47 and a 1-year high of $9.31. The company has a market cap of $695.14 million, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 2.53 and a beta of 1.63.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, July 25th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend was Friday, June 27th. TPG RE Finance Trust's dividend payout ratio is 147.69%.

Institutional Trading of TPG RE Finance Trust

Large investors have recently modified their holdings of the stock. CWM LLC grew its holdings in shares of TPG RE Finance Trust by 473.7% during the 2nd quarter. CWM LLC now owns 3,517 shares of the company's stock worth $27,000 after purchasing an additional 2,904 shares in the last quarter. Arlington Trust Co LLC acquired a new stake in TPG RE Finance Trust in the first quarter valued at about $41,000. New Age Alpha Advisors LLC acquired a new stake in TPG RE Finance Trust in the fourth quarter valued at about $43,000. AlphaQuest LLC boosted its stake in TPG RE Finance Trust by 151.2% in the first 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. Finally, KLP Kapitalforvaltning AS acquired a new stake in TPG RE Finance Trust in the fourth quarter valued at about $75,000. 57.12% of the stock is owned by institutional investors and hedge funds.

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.