TPG RE Finance Trust’s (NASDAQ:TRTX) “Neutral” Rating Reiterated at Citigroup Inc.

TPG RE Finance Trust Inc (NASDAQ:TRTX)‘s stock had its “neutral” rating reaffirmed by equities researchers at Citigroup Inc. in a research report issued on Tuesday, October 17th, MarketBeat Ratings reports. They currently have a $22.00 target price on the stock. Citigroup Inc.’s price objective indicates a potential upside of 13.11% from the stock’s previous close.

A number of other analysts have also recently weighed in on the company. Zacks Investment Research cut TPG RE Finance Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. JMP Securities assumed coverage on TPG RE Finance Trust in a research report on Friday, August 18th. They set an “outperform” rating and a $21.50 price target for the company. Deutsche Bank AG assumed coverage on TPG RE Finance Trust in a research report on Friday, August 18th. They set a “buy” rating and a $21.00 price target for the company. Bank of America Corporation assumed coverage on TPG RE Finance Trust in a research report on Monday, August 14th. They set a “buy” rating and a $21.00 price target for the company. Finally, J P Morgan Chase & Co assumed coverage on TPG RE Finance Trust in a research report on Monday, August 14th. They set a “neutral” rating and a $20.50 price target for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $21.33.

TPG RE Finance Trust (TRTX) traded down $0.10 on Tuesday, reaching $19.34. The company’s stock had a trading volume of 26,301 shares, compared to its average volume of 74,250. TPG RE Finance Trust has a one year low of $18.71 and a one year high of $20.70.

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An institutional investor recently bought a new position in TPG RE Finance Trust stock. State of New Jersey Common Pension Fund D acquired a new stake in TPG RE Finance Trust Inc (NASDAQ:TRTX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 40,000 shares of the company’s stock, valued at approximately $791,000. State of New Jersey Common Pension Fund D owned 0.07% of TPG RE Finance Trust as of its most recent SEC filing.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc is a commercial real estate finance company. The Company is engaged in originating, acquiring and managing commercial mortgage loans and other commercial real estate-related debt instruments. It focuses primarily on directly originating and selectively acquiring floating rate first mortgage loans that are secured by high quality commercial real estate properties undergoing some form of transition and value creation, such as re-tenanting, refurbishment or other form of repositioning.

Analyst Recommendations for TPG RE Finance Trust (NASDAQ:TRTX)

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