TPG RE Finance Trust (NYSE:TRTX) Stock Rating Lowered by Raymond James

TPG RE Finance Trust (NYSE:TRTX) was downgraded by stock analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a report issued on Friday, Marketbeat Ratings reports. They presently have a $8.50 price target on the stock. Raymond James’ price target suggests a potential upside of 16.28% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Bank of America reaffirmed an “underperform” rating and set a $6.50 price objective on shares of TPG RE Finance Trust in a research report on Monday, March 4th. JPMorgan Chase & Co. lifted their target price on TPG RE Finance Trust from $7.00 to $7.50 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Wells Fargo & Company lifted their target price on TPG RE Finance Trust from $6.00 to $7.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $7.70.

TPG RE Finance Trust Stock Down 3.6 %

TRTX stock opened at $7.31 on Friday. TPG RE Finance Trust has a twelve month low of $4.64 and a twelve month high of $8.12. The company has a quick ratio of 158.41, a current ratio of 158.41 and a debt-to-equity ratio of 2.46. The firm has a market cap of $569.23 million, a PE ratio of -4.33 and a beta of 2.10. The business has a 50 day moving average of $7.01 and a 200 day moving average of $6.44.

Hedge Funds Weigh In On TPG RE Finance Trust

A number of institutional investors and hedge funds have recently modified their holdings of TRTX. Goldman Sachs Group Inc. boosted its stake in shares of TPG RE Finance Trust by 102.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,936,292 shares of the company’s stock worth $34,677,000 after buying an additional 1,488,474 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of TPG RE Finance Trust by 3,051.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 935,165 shares of the company’s stock worth $6,294,000 after buying an additional 905,492 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of TPG RE Finance Trust by 155.7% in the 1st quarter. Bank of America Corp DE now owns 843,809 shares of the company’s stock worth $6,126,000 after buying an additional 513,815 shares during the last quarter. Barclays PLC boosted its stake in shares of TPG RE Finance Trust by 633.4% in the 4th quarter. Barclays PLC now owns 509,182 shares of the company’s stock worth $3,458,000 after buying an additional 439,759 shares during the last quarter. Finally, Allianz Asset Management GmbH purchased a new position in shares of TPG RE Finance Trust in the 1st quarter worth $4,095,000. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

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.