JPMorgan Chase & Co. Forecasts Strong Price Appreciation for TPG RE Finance Trust (NYSE:TRTX) Stock

TPG RE Finance Trust (NYSE:TRTX) had its price target hoisted by equities research analysts at JPMorgan Chase & Co. from $9.50 to $10.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 14.22% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. Citigroup restated a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Tuesday, June 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of TPG RE Finance Trust in a research note on Friday, May 22nd. Finally, Zacks Research raised TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $10.00.

TPG RE Finance Trust Stock Down 0.2%

TPG RE Finance Trust stock opened at $8.76 on Friday. The company has a debt-to-equity ratio of 3.11, a current ratio of 201.40 and a quick ratio of 201.40. The stock’s 50 day moving average price is $8.43 and its 200 day moving average price is $8.49. The company has a market cap of $676.83 million, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.79 and a beta of 1.40. TPG RE Finance Trust has a 1-year low of $7.57 and a 1-year high of $9.85.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. TPG RE Finance Trust had a net margin of 19.38% and a return on equity of 6.91%. The firm had revenue of $37.31 million for the quarter, compared to analysts’ expectations of $37.15 million. On average, sell-side analysts predict that TPG RE Finance Trust will post 0.93 EPS for the current fiscal year.

Institutional Trading of TPG RE Finance Trust

Institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC bought a new position in shares of TPG RE Finance Trust in the 1st quarter worth about $217,000. Quantinno Capital Management LP grew its position in shares of TPG RE Finance Trust by 30.0% during the 1st quarter. Quantinno Capital Management LP now owns 19,644 shares of the company’s stock valued at $153,000 after buying an additional 4,537 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of TPG RE Finance Trust by 60.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 929,566 shares of the company’s stock valued at $7,260,000 after buying an additional 350,020 shares during the last quarter. Jennison Associates LLC bought a new stake in shares of TPG RE Finance Trust during the 1st quarter valued at about $1,330,000. Finally, Y Intercept Hong Kong Ltd raised its stake in TPG RE Finance Trust by 318.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 136,659 shares of the company’s stock worth $1,067,000 after acquiring an additional 103,986 shares during the period. Institutional investors own 57.12% of the company’s stock.

About TPG RE Finance Trust

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.