TPG RE Finance Trust (NYSE:TRTX) PT Raised to $9.00

TPG RE Finance Trust (NYSE:TRTX) had its price target upped by equities research analysts at Wells Fargo & Company from $7.00 to $9.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 2.16% from the company’s current price.

Several other analysts have also commented on TRTX. JPMorgan Chase & Co. lifted their price target on shares of TPG RE Finance Trust from $7.00 to $7.50 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Raymond James lowered shares of TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 price target on the stock. in a research report on Friday, April 12th. Finally, Bank of America reaffirmed an “underperform” rating and set a $6.50 price target on shares of TPG RE Finance Trust in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $8.10.

TPG RE Finance Trust Stock Performance

NYSE:TRTX opened at $8.81 on Tuesday. The company’s 50-day moving average is $7.69 and its two-hundred day moving average is $6.64. TPG RE Finance Trust has a 1-year low of $4.64 and a 1-year high of $8.89. The company has a debt-to-equity ratio of 2.25, a current ratio of 138.05 and a quick ratio of 138.05. The firm has a market capitalization of $686.03 million, a price-to-earnings ratio of -5.61 and a beta of 2.10.

Institutional Trading of TPG RE Finance Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRTX. Vanguard Group Inc. grew its stake in shares of TPG RE Finance Trust by 0.9% in the third quarter. Vanguard Group Inc. now owns 5,985,415 shares of the company’s stock worth $40,282,000 after acquiring an additional 51,839 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of TPG RE Finance Trust by 9.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,230,218 shares of the company’s stock worth $7,996,000 after acquiring an additional 108,106 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of TPG RE Finance Trust by 3,051.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 935,165 shares of the company’s stock worth $6,294,000 after acquiring an additional 905,492 shares in the last quarter. Evoke Wealth LLC grew its stake in shares of TPG RE Finance Trust by 183.0% in the fourth quarter. Evoke Wealth LLC now owns 182,710 shares of the company’s stock worth $1,231,000 after acquiring an additional 118,149 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of TPG RE Finance Trust in the third quarter worth $1,203,000. Hedge funds and other institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Company Profile

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.