Wall Street Zen Upgrades TPG RE Finance Trust (NYSE:TRTX) to “Hold”

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

TRTX has been the subject of several other research reports. Citigroup lowered shares of TPG RE Finance Trust to a “market perform” rating in a research report on Wednesday, September 17th. JMP Securities reissued a “market perform” rating on shares of TPG RE Finance Trust in a research report on Wednesday, September 17th. Weiss Ratings reissued a “hold (c)” rating on shares of TPG RE Finance Trust in a research report on Wednesday, October 8th. Wells Fargo & Company increased their price objective on shares of TPG RE Finance Trust from $9.00 to $11.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, Citizens Jmp lowered shares of TPG RE Finance Trust from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 17th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, TPG RE Finance Trust currently has a consensus rating of “Hold” and a consensus target price of $9.50.

TPG RE Finance Trust Stock Performance

Shares of TRTX stock opened at $8.58 on Friday. TPG RE Finance Trust has a one year low of $6.47 and a one year high of $9.85. The company has a debt-to-equity ratio of 2.75, a quick ratio of 193.29 and a current ratio of 193.29. The company has a 50 day moving average price of $9.04 and a 200 day moving average price of $8.25. The firm has a market capitalization of $673.91 million, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 2.30 and a beta of 1.68.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings results on Monday, June 6th. The company reported $0.27 EPS for the quarter. TPG RE Finance Trust had a net margin of 21.09% and a return on equity of 6.61%. The firm had revenue of $40.06 million during the quarter. Sell-side analysts anticipate that TPG RE Finance Trust will post 0.99 EPS for the current year.

TPG RE Finance Trust announced that its board has authorized a share buyback plan on Thursday, September 4th that permits the company to buyback $25.00 million in shares. This buyback authorization permits the company to repurchase up to 3.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On TPG RE Finance Trust

A number of large investors have recently added to or reduced their stakes in TRTX. Arlington Trust Co LLC acquired a new stake in TPG RE Finance Trust during the 1st quarter valued at $41,000. Penserra Capital Management LLC grew its holdings in TPG RE Finance Trust by 21.1% during the 1st quarter. Penserra Capital Management LLC now owns 125,910 shares of the company’s stock valued at $1,026,000 after purchasing an additional 21,898 shares in the last quarter. Arizona State Retirement System grew its holdings in TPG RE Finance Trust by 20.0% during the 1st quarter. Arizona State Retirement System now owns 19,731 shares of the company’s stock valued at $161,000 after purchasing an additional 3,290 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in TPG RE Finance Trust by 141.9% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 122,486 shares of the company’s stock valued at $998,000 after purchasing an additional 71,845 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in TPG RE Finance Trust during the 1st quarter valued at $489,000. 57.12% of the stock is owned by institutional investors and hedge funds.

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.