TPG RE Finance Trust (NYSE:TRTX) Price Target Increased to $9.00 by Analysts at Wells Fargo & Company

TPG RE Finance Trust (NYSE:TRTX) had its price target lifted by research analysts at Wells Fargo & Company from $7.00 to $9.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 2.16% from the stock’s previous close.

A number of other analysts have also issued reports on the stock. Raymond James lowered shares of TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 price target for the company. in a research note on Friday, April 12th. JPMorgan Chase & Co. lifted their price objective on shares of TPG RE Finance Trust from $7.00 to $7.50 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $6.50 price objective on shares of TPG RE Finance Trust in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, TPG RE Finance Trust currently has a consensus rating of “Hold” and an average target price of $8.10.

TPG RE Finance Trust Stock Down 0.3 %

Shares of NYSE:TRTX opened at $8.81 on Tuesday. The company has a current ratio of 138.05, a quick ratio of 138.05 and a debt-to-equity ratio of 2.25. The company has a fifty day simple moving average of $7.69 and a 200 day simple moving average of $6.64. The firm has a market cap of $686.03 million, a PE ratio of -5.61 and a beta of 2.10. TPG RE Finance Trust has a 12-month low of $4.64 and a 12-month high of $8.89.

Hedge Funds Weigh In On TPG RE Finance Trust

Hedge funds have recently added to or reduced their stakes in the business. TFO Wealth Partners LLC boosted its holdings in TPG RE Finance Trust by 35,280.0% in the fourth quarter. TFO Wealth Partners LLC now owns 7,076 shares of the company’s stock worth $46,000 after purchasing an additional 7,056 shares during the period. Principal Financial Group Inc. acquired a new position in shares of TPG RE Finance Trust during the third quarter valued at $70,000. Quantbot Technologies LP acquired a new position in shares of TPG RE Finance Trust during the third quarter valued at $80,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of TPG RE Finance Trust by 51.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,186 shares of the company’s stock valued at $99,000 after acquiring an additional 5,128 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of TPG RE Finance Trust by 1,094.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,657 shares of the company’s stock valued at $102,000 after acquiring an additional 14,346 shares during the period. Institutional investors and hedge funds own 57.12% of the company’s stock.

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.