TPG RE Finance Trust (NYSE:TRTX) Price Target Raised to $9.00

TPG RE Finance Trust (NYSE:TRTX) had its price objective raised by equities researchers 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 target price points to a potential upside of 2.16% from the stock’s current price.

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

TPG RE Finance Trust Trading Up 2.4 %

TRTX traded up $0.21 during midday trading on Tuesday, hitting $8.81. The company’s stock had a trading volume of 229,576 shares, compared to its average volume of 636,001. The firm has a 50-day moving average price of $7.62 and a two-hundred day moving average price of $6.60. The company has a current ratio of 138.05, a quick ratio of 138.05 and a debt-to-equity ratio of 2.25. TPG RE Finance Trust has a 52-week low of $4.64 and a 52-week high of $8.89. The firm has a market cap of $686.03 million, a P/E ratio of -5.61 and a beta of 2.10.

Institutional Trading of TPG RE Finance Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new stake in shares of TPG RE Finance Trust during the 3rd quarter valued at approximately $1,203,000. Swiss National Bank boosted its holdings in shares of TPG RE Finance Trust by 9.2% in the 3rd quarter. Swiss National Bank now owns 127,600 shares of the company’s stock valued at $859,000 after buying an additional 10,700 shares during the period. Hsbc Holdings PLC grew its position in shares of TPG RE Finance Trust by 48.0% during the 3rd quarter. Hsbc Holdings PLC now owns 42,399 shares of the company’s stock valued at $284,000 after buying an additional 13,745 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in TPG RE Finance Trust by 3,051.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 935,165 shares of the company’s stock worth $6,294,000 after acquiring an additional 905,492 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in TPG RE Finance Trust by 0.9% in the third quarter. Vanguard Group Inc. now owns 5,985,415 shares of the company’s stock valued at $40,282,000 after acquiring an additional 51,839 shares during the period. Institutional investors and hedge funds own 57.12% of the company’s stock.

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.