TPG RE Finance Trust (NYSE:TRTX) Upgraded to “Outperform” at Citizens Jmp

Citizens Jmp upgraded shares of TPG RE Finance Trust (NYSE:TRTX) from a market perform rating to an outperform rating in a report issued on Thursday morning, Marketbeat Ratings reports. They currently have $10.00 price objective on the stock.

TRTX has been the topic of several other research reports. Wells Fargo & Company reduced their price target on shares of TPG RE Finance Trust from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Weiss Ratings downgraded shares of TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. reduced their target price on TPG RE Finance Trust from $11.00 to $10.50 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Zacks Research cut shares of TPG RE Finance Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Finally, Citigroup upgraded TPG RE Finance Trust from a “market perform” rating to an “outperform” rating in a research note on Thursday. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, TPG RE Finance Trust presently has a consensus rating of “Moderate Buy” and an average price target of $10.17.

TPG RE Finance Trust Trading Down 0.8%

NYSE:TRTX opened at $8.10 on Thursday. The company has a debt-to-equity ratio of 3.02, a quick ratio of 183.34 and a current ratio of 183.34. TPG RE Finance Trust has a 1 year low of $6.47 and a 1 year high of $9.85. The stock has a market capitalization of $634.40 million, a price-to-earnings ratio of 14.46, a PEG ratio of 1.42 and a beta of 1.53. The stock has a fifty day moving average price of $8.81 and a two-hundred day moving average price of $8.92.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). The company had revenue of $35.04 million during the quarter, compared to analyst estimates of $27.15 million. TPG RE Finance Trust had a net margin of 18.14% and a return on equity of 6.84%. As a group, sell-side analysts anticipate that TPG RE Finance Trust will post 0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC acquired a new position in shares of TPG RE Finance Trust during the first quarter valued at $127,000. Goldman Sachs Group Inc. boosted its stake in TPG RE Finance Trust by 5.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,930,865 shares of the company’s stock valued at $32,037,000 after purchasing an additional 192,126 shares in the last quarter. Strs Ohio acquired a new stake in shares of TPG RE Finance Trust in the first quarter valued at $87,000. ProShare Advisors LLC lifted its holdings in TPG RE Finance Trust by 8.9% in the 2nd quarter. ProShare Advisors LLC now owns 14,055 shares of the company’s stock valued at $109,000 after acquiring an additional 1,144 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in TPG RE Finance Trust by 7.6% during the second quarter. Geode Capital Management LLC now owns 1,639,667 shares of the company’s stock worth $12,660,000 after buying an additional 115,707 shares in the last quarter. Institutional investors and hedge funds own 57.12% of the company’s stock.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.