Wall Street Zen Upgrades TPG RE Finance Trust (NYSE:TRTX) to Hold

TPG RE Finance Trust (NYSE:TRTX) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

TRTX has been the topic of several other reports. UBS Group downgraded TPG RE Finance Trust to a “neutral” rating in a research report on Thursday, September 17th. Weiss Ratings lowered TPG RE Finance Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th. JPMorgan Chase & Co. upped their price target on TPG RE Finance Trust from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Thursday, September 17th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, TPG RE Finance Trust has an average rating of “Moderate Buy” and a consensus price target of $10.00.

TPG RE Finance Trust Trading Down 0.3%

Shares of TPG RE Finance Trust stock opened at $5.78 on Friday. The company’s fifty day simple moving average is $7.13 and its 200-day simple moving average is $7.92. The stock has a market capitalization of $443.35 million, a PE ratio of 10.69, a P/E/G ratio of 1.28 and a beta of 1.47. TPG RE Finance Trust has a 1-year low of $5.60 and a 1-year high of $9.37. The company has a debt-to-equity ratio of 3.30, a current ratio of 200.26 and a quick ratio of 200.26.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03). The business had revenue of $34.01 million for the quarter, compared to the consensus estimate of $37.30 million. TPG RE Finance Trust had a net margin of 17.03% and a return on equity of 6.85%. As a group, equities analysts anticipate that TPG RE Finance Trust will post 0.92 earnings per share for the current year.

Hedge Funds Weigh In On TPG RE Finance Trust

A number of hedge funds have recently modified their holdings of the company. Versant Capital Management Inc boosted its stake in shares of TPG RE Finance Trust by 644.0% in the third quarter. Versant Capital Management Inc now owns 6,532 shares of the company’s stock worth $41,000 after acquiring an additional 5,654 shares during the period. Bouchey Financial Group Ltd. grew its position in shares of TPG RE Finance Trust by 93.2% during the second quarter. Bouchey Financial Group Ltd. now owns 126,761 shares of the company’s stock worth $1,091,000 after purchasing an additional 61,145 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of TPG RE Finance Trust during the second quarter worth about $1,066,000. Van ECK Associates Corp grew its position in shares of TPG RE Finance Trust by 9.3% during the second quarter. Van ECK Associates Corp now owns 816,098 shares of the company’s stock worth $6,831,000 after purchasing an additional 69,463 shares in the last quarter. Finally, Almitas Capital LLC purchased a new stake in shares of TPG RE Finance Trust during the second quarter worth about $3,036,000. 57.12% of the stock is currently owned by institutional investors.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc (NYSE: TRTX) is a real estate finance company organized as a mortgage real estate investment trust. The company focuses on originating, acquiring and managing commercial real estate loans, with an emphasis on senior mortgage loans secured by institutional-quality properties.

Its lending activities primarily support transitional commercial properties, which are assets undergoing renovation, repositioning, lease-up or other improvements intended to enhance their value and cash flow.