TPG RE Finance Trust (NYSE:TRTX) Stock Rating Upgraded by Zacks Research

TPG RE Finance Trust (NYSE:TRTX) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on TRTX. JPMorgan Chase & Co. lifted their price target on TPG RE Finance Trust from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Wall Street Zen upgraded TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Wells Fargo & Company lifted their price target on TPG RE Finance Trust from $9.00 to $11.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $9.50.

TPG RE Finance Trust Stock Down 0.7%

TPG RE Finance Trust stock opened at $9.24 on Tuesday. TPG RE Finance Trust has a 1-year low of $6.47 and a 1-year high of $9.36. The firm has a market capitalization of $725.78 million, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 2.50 and a beta of 1.63. The firm’s fifty day moving average price is $8.46 and its two-hundred day moving average price is $8.10. The company has a current ratio of 193.29, a quick ratio of 193.29 and a debt-to-equity ratio of 2.75.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. CWM LLC increased its holdings in shares of TPG RE Finance Trust by 473.7% in the second quarter. CWM LLC now owns 3,517 shares of the company’s stock worth $27,000 after purchasing an additional 2,904 shares during the period. Arlington Trust Co LLC bought a new position in shares of TPG RE Finance Trust in the first quarter worth $41,000. BNP Paribas Financial Markets increased its holdings in shares of 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 during the period. Tower Research Capital LLC TRC increased its holdings in shares of TPG RE Finance Trust by 249.1% in the second quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock worth $53,000 after purchasing an additional 4,865 shares during the period. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of TPG RE Finance Trust by 24.5% in the second quarter. Ameritas Investment Partners Inc. now owns 6,998 shares of the company’s stock worth $54,000 after purchasing an additional 1,375 shares during the period. Institutional investors own 57.12% of the company’s stock.

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.