Raymond James Boosts TPG RE Finance Trust (NYSE:TRTX) Price Target to $15.50

TPG RE Finance Trust (NYSE:TRTX) had its price target upped by equities research analysts at Raymond James from $13.00 to $15.50 in a report issued on Wednesday, Benzinga reports. The firm presently has a “strong-buy” rating on the stock. Raymond James’ target price points to a potential upside of 25.61% from the company’s current price.

A number of other research analysts have also recently weighed in on TRTX. JPMorgan Chase & Co. lifted their target price on TPG RE Finance Trust from $11.00 to $11.50 and gave the company a “neutral” rating in a report on Monday, April 26th. BTIG Research assumed coverage on TPG RE Finance Trust in a research report on Tuesday, February 2nd. They issued a “buy” rating and a $12.50 price objective on the stock. Finally, Zacks Investment Research raised TPG RE Finance Trust from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Wednesday, May 5th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. TPG RE Finance Trust has an average rating of “Buy” and an average target price of $11.50.

Shares of TPG RE Finance Trust stock opened at $12.34 on Wednesday. TPG RE Finance Trust has a twelve month low of $5.14 and a twelve month high of $13.18. The stock has a market capitalization of $948.91 million, a P/E ratio of -7.26 and a beta of 1.95. The company has a current ratio of 304.82, a quick ratio of 304.82 and a debt-to-equity ratio of 2.76. The business’s fifty day moving average price is $11.86 and its 200 day moving average price is $10.76.

TPG RE Finance Trust (NYSE:TRTX) last issued its earnings results on Wednesday, February 24th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.19). TPG RE Finance Trust had a negative net margin of 41.56% and a negative return on equity of 6.29%. As a group, sell-side analysts predict that TPG RE Finance Trust will post -1.09 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Infrastructure Capital Advisors LLC increased its position in shares of TPG RE Finance Trust by 40.5% during the fourth quarter. Infrastructure Capital Advisors LLC now owns 58,924 shares of the company’s stock worth $626,000 after acquiring an additional 17,000 shares during the last quarter. Wakefield Asset Management LLLP purchased a new stake in shares of TPG RE Finance Trust during the fourth quarter worth about $667,000. ExodusPoint Capital Management LP increased its position in shares of TPG RE Finance Trust by 164.5% during the fourth quarter. ExodusPoint Capital Management LP now owns 28,656 shares of the company’s stock worth $304,000 after acquiring an additional 17,822 shares during the last quarter. Tudor Investment Corp Et Al increased its position in shares of TPG RE Finance Trust by 84.4% during the fourth quarter. Tudor Investment Corp Et Al now owns 21,082 shares of the company’s stock worth $224,000 after acquiring an additional 9,647 shares during the last quarter. Finally, Concorde Asset Management LLC purchased a new stake in shares of TPG RE Finance Trust during the first quarter worth about $258,000. 59.08% of the stock is currently owned by institutional investors and hedge funds.

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 North America. 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 office, multifamily, mixed-use, hospitality, industrial, and retail real estate sectors.

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