TPG RE Finance Trust (NYSE:TRTX) Price Target Cut to $7.00 by Analysts at JPMorgan Chase & Co.

TPG RE Finance Trust (NYSE:TRTX) had its target price reduced by research analysts at JPMorgan Chase & Co. from $8.50 to $7.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 0.78% from the stock’s previous close.

TPG RE Finance Trust Trading Up 0.4 %

Shares of NYSE:TRTX opened at $7.06 on Wednesday. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $571.48 million, a PE ratio of 9.41, a P/E/G ratio of 0.25 and a beta of 1.78. TPG RE Finance Trust has a 12-month low of $6.47 and a 12-month high of $9.66. The business’s fifty day simple moving average is $8.16 and its 200-day simple moving average is $8.48.

TPG RE Finance Trust (NYSE:TRTX) last posted its earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.18). The company had revenue of $34.74 million during the quarter, compared to analysts’ expectations of $27.98 million. TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. As a group, equities research analysts predict that TPG RE Finance Trust will post 0.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TPG RE Finance Trust

Several institutional investors and hedge funds have recently bought and sold shares of TRTX. New Age Alpha Advisors LLC acquired a new stake in shares of TPG RE Finance Trust in the 4th quarter worth $43,000. McIlrath & Eck LLC purchased a new stake in TPG RE Finance Trust in the third quarter valued at about $58,000. KLP Kapitalforvaltning AS acquired a new stake in TPG RE Finance Trust in the fourth quarter worth about $75,000. Virtu Financial LLC acquired a new stake in TPG RE Finance Trust in the fourth quarter worth about $85,000. Finally, Stratos Wealth Partners LTD. grew its stake in shares of TPG RE Finance Trust by 20.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company’s stock worth $131,000 after acquiring an additional 2,623 shares during the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.

About TPG RE Finance Trust

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.