JPMorgan Chase & Co. Lowers TPG RE Finance Trust (NYSE:TRTX) Price Target to $7.00

TPG RE Finance Trust (NYSE:TRTX) had its price objective lowered by JPMorgan Chase & Co. from $8.50 to $7.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 2.18% from the company’s current price.

TPG RE Finance Trust Stock Performance

NYSE:TRTX opened at $7.16 on Wednesday. TPG RE Finance Trust has a twelve month low of $6.47 and a twelve month high of $9.66. The company has a market capitalization of $579.66 million, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 0.25 and a beta of 1.78. The firm has a 50-day moving average price of $8.10 and a two-hundred day moving average price of $8.46. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. The business had revenue of $34.74 million during the quarter, compared to analysts’ expectations of $27.98 million. As a group, research analysts expect that TPG RE Finance Trust will post 0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of TPG RE Finance Trust by 94.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,932 shares of the company’s stock valued at $1,330,000 after buying an additional 75,671 shares during the last quarter. Barclays PLC increased its stake in TPG RE Finance Trust by 385.9% during the 3rd quarter. Barclays PLC now owns 172,718 shares of the company’s stock valued at $1,472,000 after buying an additional 137,171 shares during the period. Geode Capital Management LLC increased its position in shares of TPG RE Finance Trust by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,456,883 shares of the company’s stock valued at $12,430,000 after purchasing an additional 88,592 shares during the period. Prudential Financial Inc. bought a new position in shares of TPG RE Finance Trust during the 4th quarter valued at about $1,526,000. Finally, Jane Street Group LLC lifted its position in shares of TPG RE Finance Trust by 29.2% during the 3rd quarter. Jane Street Group LLC now owns 176,298 shares of the company’s stock valued at $1,504,000 after acquiring an additional 39,834 shares during the last quarter. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Company Profile

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.