Wells Fargo & Company Issues Positive Forecast for TPG RE Finance Trust (NYSE:TRTX) Stock Price

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 - Get Free Report) had its target price lifted by stock analysts at Wells Fargo & Company from $9.00 to $11.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's price objective suggests a potential upside of 26.95% from the company's previous close.

Several other research analysts also recently issued reports on the stock. Wall Street Zen downgraded shares of TPG RE Finance Trust from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. JPMorgan Chase & Co. increased their price objective on shares of 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.

TPG RE Finance Trust Stock Down 1.0%

NYSE:TRTX traded down $0.09 during mid-day trading on Thursday, hitting $8.67. 581,434 shares of the company's stock were exchanged, compared to its average volume of 675,713. TPG RE Finance Trust has a one year low of $6.47 and a one year high of $9.31. 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 business has a fifty day moving average price of $7.98 and a 200 day moving average price of $8.03. The company has a market cap of $691.99 million, a PE ratio of 13.33, a P/E/G ratio of 2.48 and a beta of 1.60.

Hedge Funds Weigh In On TPG RE Finance Trust

Several institutional investors have recently bought and sold shares of TRTX. Long Pond Capital LP lifted its holdings in shares of TPG RE Finance Trust by 117.1% in the 4th quarter. Long Pond Capital LP now owns 7,303,626 shares of the company's stock worth $62,081,000 after acquiring an additional 3,938,800 shares during the last quarter. Vanguard Group Inc. increased its position in TPG RE Finance Trust by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 5,025,832 shares of the company's stock valued at $40,961,000 after purchasing an additional 86,212 shares during the period. Goldman Sachs Group Inc. grew its position in shares of TPG RE Finance Trust by 5.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,930,865 shares of the company's stock worth $32,037,000 after buying an additional 192,126 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of TPG RE Finance Trust by 23.6% in the 4th quarter. Two Sigma Advisers LP now owns 1,585,600 shares of the company's stock worth $13,478,000 after buying an additional 303,100 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of TPG RE Finance Trust by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,464,001 shares of the company's stock worth $12,447,000 after buying an additional 7,118 shares during the last quarter. Institutional investors own 57.12% of the company's stock.

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.

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