JPMorgan Chase & Co. Has Lowered Expectations for TPG RE Finance Trust (NYSE:TRTX) Stock Price

TPG RE Finance Trust (NYSE:TRTX) had its price target decreased by JPMorgan Chase & Co. from $11.00 to $10.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 23.60% from the company’s current price.

A number of other brokerages have also recently issued reports on TRTX. Wells Fargo & Company lowered their target price on TPG RE Finance Trust from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Thursday. Zacks Research downgraded TPG RE Finance Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Finally, Weiss Ratings lowered shares of TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $10.25.

TPG RE Finance Trust Price Performance

Shares of NYSE:TRTX opened at $8.50 on Thursday. TPG RE Finance Trust has a one year low of $6.47 and a one year high of $9.85. The company has a debt-to-equity ratio of 3.02, a current ratio of 183.34 and a quick ratio of 166.64. The company has a market cap of $665.58 million, a price-to-earnings ratio of 15.17, a PEG ratio of 1.62 and a beta of 1.53. The firm has a 50 day simple moving average of $8.97 and a 200 day simple moving average of $8.98.

TPG RE Finance Trust (NYSE:TRTX) last posted its earnings results on Tuesday, February 17th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). TPG RE Finance Trust had a return on equity of 6.84% and a net margin of 18.14%.The company had revenue of $35.04 million for the quarter, compared to the consensus estimate of $27.15 million. Research analysts predict that TPG RE Finance Trust will post 0.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TPG RE Finance Trust

Large investors have recently modified their holdings of the company. Kemnay Advisory Services Inc. acquired a new position in TPG RE Finance Trust in the fourth quarter valued at $30,000. Kestra Advisory Services LLC acquired a new position in shares of TPG RE Finance Trust in the 4th quarter valued at about $30,000. CWM LLC boosted its position in shares of TPG RE Finance Trust by 473.7% during the 2nd quarter. CWM LLC now owns 3,517 shares of the company’s stock valued at $27,000 after purchasing an additional 2,904 shares in the last quarter. Russell Investments Group Ltd. grew its stake in TPG RE Finance Trust by 2,454.1% during the third quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock worth $51,000 after purchasing an additional 5,718 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in TPG RE Finance Trust by 86.6% in the second quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock worth $50,000 after purchasing an additional 3,013 shares in the last quarter. 57.12% of the stock is currently owned by institutional investors and hedge funds.

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.