Brokerages Set TPG RE Finance Trust, Inc. (NYSE:TRTX) Target Price at $10.25

Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX) have earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $10.1667.

Several equities research analysts recently weighed in on TRTX shares. Weiss Ratings lowered TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. JPMorgan Chase & Co. reduced their price objective on shares of TPG RE Finance Trust from $11.00 to $10.50 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Wells Fargo & Company decreased their price objective on shares of TPG RE Finance Trust from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Zacks Research downgraded shares of TPG RE Finance Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Finally, Citizens Jmp raised shares of TPG RE Finance Trust from a “market perform” rating to an “outperform” rating and set a $10.00 target price for the company in a research report on Thursday.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Kemnay Advisory Services Inc. acquired a new stake in shares of TPG RE Finance Trust in the fourth quarter worth $30,000. Kestra Advisory Services LLC bought a new stake in TPG RE Finance Trust in the 4th quarter valued at $30,000. BNP Paribas Financial Markets grew its position in TPG RE Finance Trust by 86.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock worth $50,000 after purchasing an additional 3,013 shares during the last quarter. Russell Investments Group Ltd. grew its position in TPG RE Finance Trust by 2,454.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock worth $51,000 after purchasing an additional 5,718 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of TPG RE Finance Trust by 249.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock worth $53,000 after purchasing an additional 4,865 shares during the period. 57.12% of the stock is currently owned by institutional investors and hedge funds.

TPG RE Finance Trust Trading Down 1.3%

TPG RE Finance Trust stock opened at $8.00 on Wednesday. TPG RE Finance Trust has a one year low of $6.47 and a one year high of $9.85. The company’s fifty day moving average price is $8.79 and its two-hundred day moving average price is $8.91. The company has a debt-to-equity ratio of 3.02, a current ratio of 183.34 and a quick ratio of 183.34. The company has a market capitalization of $626.41 million, a price-to-earnings ratio of 14.28, a PEG ratio of 1.40 and a beta of 1.53.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The company had revenue of $35.04 million during the quarter, compared to analyst estimates of $27.15 million. TPG RE Finance Trust had a return on equity of 6.84% and a net margin of 18.14%. On average, analysts forecast that TPG RE Finance Trust will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.