Zacks Research Downgrades TPG RE Finance Trust (NYSE:TRTX) to Strong Sell

TPG RE Finance Trust (NYSE:TRTX) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on TRTX. JPMorgan Chase & Co. boosted their price target on TPG RE Finance Trust from $10.00 to $10.50 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of TPG RE Finance Trust in a report on Monday, December 29th. Finally, Wall Street Zen raised TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $10.75.

TPG RE Finance Trust Price Performance

Shares of TRTX opened at $9.24 on Tuesday. The company has a 50 day moving average of $9.01 and a two-hundred day moving average of $8.92. The company has a quick ratio of 166.64, a current ratio of 166.64 and a debt-to-equity ratio of 2.61. TPG RE Finance Trust has a twelve month low of $6.47 and a twelve month high of $9.85. The company has a market cap of $722.73 million, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 1.75 and a beta of 1.54.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). TPG RE Finance Trust had a return on equity of 6.37% and a net margin of 20.46%.The business had revenue of $37.84 million during the quarter, compared to analyst estimates of $27.87 million. As a group, analysts predict that TPG RE Finance Trust will post 0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC raised its holdings in shares of TPG RE Finance Trust by 473.7% during the second quarter. CWM LLC now owns 3,517 shares of the company’s stock valued at $27,000 after acquiring an additional 2,904 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of TPG RE Finance Trust by 2,454.1% in the third quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock worth $51,000 after buying an additional 5,718 shares in the last quarter. BNP Paribas Financial Markets boosted its position in TPG RE Finance Trust by 86.6% during the second quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock worth $50,000 after acquiring an additional 3,013 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in TPG RE Finance Trust by 249.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock valued at $53,000 after acquiring an additional 4,865 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in TPG RE Finance Trust by 24.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,998 shares of the company’s stock valued at $54,000 after acquiring an additional 1,375 shares in the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.

TPG RE Finance Trust Company Profile

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.