TPG RE Finance Trust (NYSE:TRTX) Raised to Market Outperform at Citizens Jmp

TPG RE Finance Trust (NYSE:TRTX) was upgraded by stock analysts at Citizens Jmp from a “market perform” rating to a “market outperform” rating in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm presently has a $10.00 price target on the stock. Citizens Jmp’s price target suggests a potential upside of 22.62% from the company’s current price.

Other equities analysts have also issued research reports about the company. Weiss Ratings lowered TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 9th. Citigroup raised TPG RE Finance Trust from a “market perform” rating to an “outperform” rating 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. Wells Fargo & Company cut their price objective on shares of TPG RE Finance Trust from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of TPG RE Finance Trust from $11.00 to $10.50 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.17.

TPG RE Finance Trust Stock Down 1.9%

TRTX stock opened at $8.16 on Thursday. TPG RE Finance Trust has a fifty-two week low of $6.47 and a fifty-two week high of $9.85. The business’s 50-day moving average is $8.82 and its two-hundred day moving average is $8.93. The company has a debt-to-equity ratio of 3.02, a quick ratio of 183.34 and a current ratio of 183.34. The company has a market cap of $638.98 million, a price-to-earnings ratio of 14.56, a P/E/G ratio of 1.44 and a beta of 1.53.

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

Hedge Funds Weigh In On TPG RE Finance Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Kemnay Advisory Services Inc. purchased a new stake in TPG RE Finance Trust during the 4th quarter valued at $30,000. Kestra Advisory Services LLC purchased a new position in TPG RE Finance Trust during the fourth quarter worth $30,000. BNP Paribas Financial Markets boosted its stake in TPG RE Finance Trust by 86.6% during the second quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock worth $50,000 after buying an additional 3,013 shares during the period. Russell Investments Group Ltd. increased its position 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 valued at $51,000 after acquiring an additional 5,718 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in TPG RE Finance Trust by 249.1% during the second quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock valued at $53,000 after acquiring an additional 4,865 shares during the last quarter. Hedge funds and other institutional investors own 57.12% of the company’s stock.

About TPG RE Finance Trust

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.