Zacks Research Downgrades TPG RE Finance Trust (NYSE:TRTX) to Hold

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

TRTX has been the topic of a number of other research reports. Citigroup downgraded shares of TPG RE Finance Trust to a “market perform” rating in a research note on Wednesday, September 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of TPG RE Finance Trust in a research report on Monday. Wall Street Zen raised TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Citizens Jmp lowered shares of TPG RE Finance Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 17th. Finally, JMP Securities reissued a “market perform” rating on shares of TPG RE Finance Trust in a research report on Wednesday, September 17th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.75.

TPG RE Finance Trust Trading Down 0.5%

TRTX stock opened at $8.65 on Monday. The business has a fifty day simple moving average of $8.96 and a 200-day simple moving average of $8.78. TPG RE Finance Trust has a 52 week low of $6.47 and a 52 week high of $9.85. The company has a quick ratio of 166.64, a current ratio of 166.64 and a debt-to-equity ratio of 2.61. The company has a market cap of $676.96 million, a price-to-earnings ratio of 13.31, a PEG ratio of 2.05 and a beta of 1.54.

TPG RE Finance Trust (NYSE:TRTX) last posted its earnings results on Monday, June 6th. The company reported $0.27 earnings per share (EPS) for the quarter. The firm had revenue of $40.06 million during the quarter. TPG RE Finance Trust had a net margin of 20.46% and a return on equity of 6.37%. On average, equities research analysts expect that TPG RE Finance Trust will post 0.99 EPS for the current year.

TPG RE Finance Trust declared that its Board of Directors has approved a stock repurchase program on Thursday, September 4th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the company to buy up to 3.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC boosted its stake in TPG RE Finance Trust by 473.7% in the second quarter. CWM LLC now owns 3,517 shares of the company’s stock valued at $27,000 after acquiring an additional 2,904 shares during the period. BNP Paribas Financial Markets boosted its position in TPG RE Finance Trust by 86.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock valued at $50,000 after purchasing an additional 3,013 shares during the period. Russell Investments Group Ltd. grew its stake in TPG RE Finance Trust by 2,454.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock worth $51,000 after buying an additional 5,718 shares during the last quarter. Tower Research Capital LLC TRC increased its position in 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 buying an additional 4,865 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its stake in 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 valued at $54,000 after buying an additional 1,375 shares during the last quarter. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.