TPG RE Finance Trust (NYSE: TRTX – Get Rating) saw its price target lowered by Citigroup equity research analysts from $14.00 to $12.00 in a research note released Friday to investors, reports The Fly. Citigroup’s price target would indicate a potential upside of 10.40% from the company’s current price.
A number of other brokerages have also published reports on TRTX. Raymond James raised his price target on shares of TPG RE Finance Trust from $15.50 to $16.00 and gave the stock a “Strong Buy” rating in a Friday, January 7 research note. . Zacks Investment Research upgraded shares of TPG RE Finance Trust from a “hold” rating to a “buy” rating and set a price target of $12.00 on the stock in a report released Tuesday. Finally, JPMorgan Chase & Co. lowered its price target on TPG RE Finance Trust shares from $12.50 to $11.50 and set a “neutral” rating on the stock in a Monday research report. April 25. One investment analyst gave the stock a hold rating, three gave the stock a buy rating and one gave the company a high buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $13.50.
Shares of TPG RE Finance Trust opened at $10.87 on Friday. TPG RE Finance Trust has a 52 week low of $10.31 and a 52 week high of $14.55. The company has a quick ratio of 360.86, a current ratio of 360.86 and a debt ratio of 2.53. The company’s 50-day simple moving average is $11.51 and its 200-day simple moving average is $12.23. The company has a market capitalization of $838.99 million, a price-earnings ratio of 13.42 and a beta of 1.74.
A number of large investors have recently bought and sold shares of TRTX. First Trust Advisors LP increased its stake in the shares of TPG RE Finance Trust by 9.2% in the 1st quarter. First Trust Advisors LP now owns 169,253 shares of the company valued at $3,317,000 after acquiring an additional 14,297 shares during the period. Morgan Stanley increased its stake in shares of TPG RE Finance Trust by 56.8% in Q2. Morgan Stanley now owns 47,322 shares of the company valued at $637,000 after acquiring an additional 17,139 shares during the period. Raymond James & Associates increased its stake in the shares of TPG RE Finance Trust by 4.2% in the third quarter. Raymond James & Associates now owns 38,521 shares of the company valued at $477,000 after acquiring an additional 1,562 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of TPG RE Finance Trust by 28.7% in Q3. Raymond James Financial Services Advisors Inc. now owns 40,650 shares of the company valued at $503,000 after acquiring 9,075 additional shares during the period. Finally, Advisor Group Holdings Inc. increased its stake in the shares of TPG RE Finance Trust by 12.3% in the third quarter. Advisor Group Holdings Inc. now owns 54,028 shares of the company valued at $668,000 after acquiring an additional 5,900 shares during the period. 71.45% of the shares are currently held by institutional investors.
Company Profile TPG RE Finance Trust (Get a rating)
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 securities in the United States. It invests in commercial mortgages; subordinated mortgage interest, mezzanine loans, secured real estate securities, note financing, preferred stock and various debt instruments; and loan obligations secured by commercial real estate and commercial mortgage-backed securities secured by properties primarily in the office, multi-family, life sciences, mixed-use, hospitality, industrial real estate sectors and commercial.
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