TPG RE Finance Trust (NYSE:TRTX) Price Target Lowered to $7.00 at JPMorgan Chase & Co.

TPG RE Finance Trust (NYSE:TRTX) had its price objective dropped by investment analysts at JPMorgan Chase & Co. from $8.50 to $7.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 2.18% from the stock’s previous close.

TPG RE Finance Trust Stock Performance

Shares of TRTX opened at $7.16 on Wednesday. The company has a market capitalization of $579.66 million, a PE ratio of 9.54, a price-to-earnings-growth ratio of 0.25 and a beta of 1.78. The company’s fifty day moving average price is $8.10 and its 200 day moving average price is $8.46. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. TPG RE Finance Trust has a one year low of $6.47 and a one year high of $9.66.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.18). The firm had revenue of $34.74 million during the quarter, compared to analyst estimates of $27.98 million. TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. As a group, analysts expect that TPG RE Finance Trust will post 0.99 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in TPG RE Finance Trust by 94.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,932 shares of the company’s stock worth $1,330,000 after purchasing an additional 75,671 shares during the period. Barclays PLC boosted its holdings in shares of TPG RE Finance Trust by 385.9% in the third quarter. Barclays PLC now owns 172,718 shares of the company’s stock valued at $1,472,000 after buying an additional 137,171 shares during the period. Geode Capital Management LLC grew its holdings in shares of TPG RE Finance Trust by 6.5% during the third quarter. Geode Capital Management LLC now owns 1,456,883 shares of the company’s stock worth $12,430,000 after buying an additional 88,592 shares in the last quarter. Prudential Financial Inc. acquired a new position in TPG RE Finance Trust during the fourth quarter worth $1,526,000. Finally, Jane Street Group LLC boosted its position in TPG RE Finance Trust by 29.2% during the third quarter. Jane Street Group LLC now owns 176,298 shares of the company’s stock valued at $1,504,000 after purchasing an additional 39,834 shares during the last quarter. Institutional investors and hedge funds 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.