TPG RE Finance Trust (NYSE:TRTX) Rating Lowered to Sell at Wall Street Zen

TPG RE Finance Trust (NYSE:TRTX) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. boosted their price target on TPG RE Finance Trust from $7.00 to $8.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Wells Fargo & Company cut their price target on TPG RE Finance Trust from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, TPG RE Finance Trust has an average rating of “Moderate Buy” and an average target price of $9.50.

TPG RE Finance Trust Trading Down 0.2%

Shares of TRTX opened at $8.06 on Friday. The stock has a fifty day moving average of $7.79 and a two-hundred day moving average of $8.07. The company has a debt-to-equity ratio of 2.52, a quick ratio of 182.89 and a current ratio of 182.89. The company has a market capitalization of $643.67 million, a PE ratio of 11.51, a price-to-earnings-growth ratio of 2.43 and a beta of 1.60. TPG RE Finance Trust has a fifty-two week low of $6.47 and a fifty-two week high of $9.66.

Hedge Funds Weigh In On TPG RE Finance Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRTX. Bank of New York Mellon Corp raised its stake in shares of TPG RE Finance Trust by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 181,368 shares of the company’s stock valued at $1,542,000 after purchasing an additional 4,468 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of TPG RE Finance Trust in the 4th quarter valued at about $548,000. Wealthfront Advisers LLC acquired a new stake in shares of TPG RE Finance Trust in the 4th quarter valued at about $134,000. Thrivent Financial for Lutherans acquired a new stake in shares of TPG RE Finance Trust in the 4th quarter valued at about $672,000. Finally, Teacher Retirement System of Texas raised its stake in shares of TPG RE Finance Trust by 41.7% in the 4th quarter. Teacher Retirement System of Texas now owns 293,525 shares of the company’s stock valued at $2,495,000 after purchasing an additional 86,337 shares in the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.

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.