Wall Street Zen Downgrades TPG RE Finance Trust (NYSE:TRTX) to Sell

TPG RE Finance Trust (NYSE:TRTX) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

TRTX has been the subject of several other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of TPG RE Finance Trust in a research note on Friday, May 22nd. Citigroup reiterated a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Tuesday, June 9th. Zacks Research raised shares of TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, TPG RE Finance Trust currently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

TPG RE Finance Trust Stock Performance

Shares of TRTX stock opened at $7.98 on Friday. The company has a debt-to-equity ratio of 3.30, a current ratio of 200.26 and a quick ratio of 200.26. The company’s fifty day moving average price is $8.48 and its two-hundred day moving average price is $8.46. The firm has a market capitalization of $612.32 million, a P/E ratio of 14.77, a P/E/G ratio of 1.63 and a beta of 1.41. TPG RE Finance Trust has a 12 month low of $7.57 and a 12 month high of $9.85.

TPG RE Finance Trust (NYSE:TRTX) last announced its earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.03). TPG RE Finance Trust had a net margin of 17.03% and a return on equity of 6.85%. The business had revenue of $34.01 million for the quarter, compared to analyst estimates of $37.30 million. On average, research analysts anticipate that TPG RE Finance Trust will post 0.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC bought a new position in TPG RE Finance Trust in the first quarter worth about $127,000. Goldman Sachs Group Inc. boosted its position in TPG RE Finance Trust by 5.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,930,865 shares of the company’s stock valued at $32,037,000 after purchasing an additional 192,126 shares during the period. Strs Ohio acquired a new position in TPG RE Finance Trust during the 1st quarter valued at approximately $87,000. Rhumbline Advisers boosted its position in TPG RE Finance Trust by 27.3% during the 2nd quarter. Rhumbline Advisers now owns 115,146 shares of the company’s stock valued at $889,000 after purchasing an additional 24,691 shares during the period. Finally, Hsbc Holdings PLC grew its stake in TPG RE Finance Trust by 11.9% during the 2nd quarter. Hsbc Holdings PLC now owns 40,674 shares of the company’s stock worth $312,000 after buying an additional 4,333 shares during the last quarter. 57.12% of the stock is owned by institutional investors and hedge funds.

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.