Wall Street Zen Downgrades TPG RE Finance Trust (NYSE:TRTX) to Sell

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

A number of other brokerages also recently weighed in on TRTX. UBS Group downgraded shares of TPG RE Finance Trust to a “neutral” rating in a report on Thursday. Citigroup restated a “market outperform” rating on shares of TPG RE Finance Trust in a report on Thursday. Weiss Ratings lowered shares of TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

TPG RE Finance Trust Stock Performance

Shares of TPG RE Finance Trust stock opened at $7.20 on Friday. The business’s fifty day simple moving average is $7.99 and its 200 day simple moving average is $8.18. The firm has a market capitalization of $552.35 million, a P/E ratio of 13.32, a price-to-earnings-growth ratio of 1.58 and a beta of 1.42. TPG RE Finance Trust has a 12 month low of $7.18 and a 12 month high of $9.41. The company has a current ratio of 200.26, a quick ratio of 200.26 and a debt-to-equity ratio of 3.30.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.03). TPG RE Finance Trust had a return on equity of 6.85% and a net margin of 17.03%.The business had revenue of $34.01 million during the quarter, compared to analysts’ expectations of $37.30 million. As a group, analysts anticipate that TPG RE Finance Trust will post 0.92 EPS for the current year.

Institutional Investors Weigh In On TPG RE Finance Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in TPG RE Finance Trust during the second quarter valued at approximately $70,000. Pictet Asset Management Holding SA purchased a new stake in shares of TPG RE Finance Trust in the first quarter worth $88,000. Ieq Capital LLC purchased a new stake in shares of TPG RE Finance Trust in the second quarter worth $128,000. The Manufacturers Life Insurance Company bought a new stake in TPG RE Finance Trust during the second quarter valued at $150,000. Finally, Quantinno Capital Management LP grew its position in TPG RE Finance Trust by 30.0% during the first quarter. Quantinno Capital Management LP now owns 19,644 shares of the company’s stock worth $153,000 after buying an additional 4,537 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 is a real estate investment trust that originates, acquires and manages commercial real estate loans. The company primarily focuses on senior mortgage loans secured by institutional-quality properties in major U.S. markets.

Its portfolio may include loans backed by a range of commercial property types, such as multifamily, office, hospitality, industrial, retail and other commercial assets. TPG RE Finance Trust generally seeks to provide financing to owners and operators of income-producing real estate while managing credit, interest-rate and other investment risks.

The company was established in 2014 and is externally managed by TPG RE Finance Trust Management, LLC, an affiliate of global alternative asset manager TPG Inc Through its relationship with TPG, the company benefits from access to real estate investment and lending expertise.