TPG RE Finance Trust (NYSE:TRTX) Raised to “Hold” at Zacks Investment Research

TPG RE Finance Trust (NYSE:TRTX – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “TPG RE Finance Trust, Inc. is a commercial real estate finance company. It focuses primarily on directly originating, acquiring and managing commercial mortgage loans and other commercial real estate-related debt instruments. TPG RE Finance Trust, Inc. is headquartered in SAN FRANCISCO, United States. “

A number of other equities research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of TPG RE Finance Trust from $12.50 to $11.50 and set a “neutral” rating for the company in a research report on Monday. Raymond James lifted their price objective on shares of TPG RE Finance Trust from $15.50 to $16.00 and gave the company a “strong-buy” rating in a report on Friday, January 7th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $14.20.

Shares of TRTX traded down $0.02 during trading on Wednesday, reaching $10.74. 612 shares of the company traded hands, compared to its average volume of 363,285. TPG RE Finance Trust has a twelve month low of $10.75 and a twelve month high of $14.55. The stock has a market cap of $828.96 million, a PE ratio of 12.48 and a beta of 1.78. The stock has a 50-day simple moving average of $11.67 and a 200-day simple moving average of $12.32. The company has a quick ratio of 360.86, a current ratio of 360.86 and a debt-to-equity ratio of 2.53.

Several large investors have recently made changes to their positions in TRTX. First Trust Advisors LP increased its position in shares of TPG RE Finance Trust by 9.2% in the 1st quarter. First Trust Advisors LP now owns 169,253 shares of the company’s stock valued at $3,317,000 after purchasing an additional 14,297 shares during the last quarter. Morgan Stanley increased its position in shares of TPG RE Finance Trust by 56.8% in the 2nd quarter. Morgan Stanley now owns 47,322 shares of the company’s stock valued at $637,000 after purchasing an additional 17,139 shares during the last quarter. SG Americas Securities LLC increased its position in shares of TPG RE Finance Trust by 57.2% in the 3rd quarter. SG Americas Securities LLC now owns 108,279 shares of the company’s stock valued at $1,340,000 after purchasing an additional 39,414 shares during the last quarter. Raymond James & Associates increased its position in shares of TPG RE Finance Trust by 4.2% in the 3rd quarter. Raymond James & Associates now owns 38,521 shares of the company’s stock valued at $477,000 after purchasing an additional 1,562 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of TPG RE Finance Trust by 28.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 40,650 shares of the company’s stock valued at $503,000 after purchasing an additional 9,075 shares during the last quarter. 71.28% of the stock is currently owned by institutional investors.

TPG RE Finance Trust Company Profile (Get Rating)

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 office, multifamily, life science, mixed-use, hospitality, industrial, and retail real estate sectors.

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