TPG RE Finance Trust (NYSE:TRTX) Stock Rating Reaffirmed by BTIG Research

TPG RE Finance Trust (NYSE:TRTX)‘s stock had its “buy” rating reaffirmed by stock analysts at BTIG Research in a research note issued to investors on Friday, MarketBeat reports. They currently have a $11.00 target price on the stock. BTIG Research’s price objective would suggest a potential upside of 17.27% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. Raymond James cut shares of TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 target price for the company. in a research note on Friday, April 12th. JPMorgan Chase & Co. increased their target price on shares of TPG RE Finance Trust from $7.00 to $7.50 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company lifted their target price on TPG RE Finance Trust from $7.00 to $9.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TPG RE Finance Trust presently has an average rating of “Moderate Buy” and a consensus target price of $8.58.

TPG RE Finance Trust Price Performance

Shares of TRTX stock opened at $9.38 on Friday. TPG RE Finance Trust has a 12 month low of $4.64 and a 12 month high of $9.56. The company has a current ratio of 138.05, a quick ratio of 138.05 and a debt-to-equity ratio of 2.25. The stock has a 50 day moving average of $8.68 and a 200-day moving average of $7.61.

Insider Activity at TPG RE Finance Trust

In other TPG RE Finance Trust news, major shareholder Starwood Capital Group Global sold 9,352,941 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $8.84, for a total transaction of $82,679,998.44. Following the completion of the transaction, the insider now owns 2,647,059 shares in the company, valued at $23,400,001.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.50% of the stock is currently owned by insiders.

Institutional Trading of TPG RE Finance Trust

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of TPG RE Finance Trust by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 5,985,415 shares of the company’s stock valued at $40,282,000 after purchasing an additional 51,839 shares in the last quarter. Long Pond Capital LP bought a new position in TPG RE Finance Trust during the 1st quarter valued at about $16,638,000. Charles Schwab Investment Management Inc. grew its stake in TPG RE Finance Trust by 9.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,230,218 shares of the company’s stock worth $7,996,000 after buying an additional 108,106 shares during the last quarter. Nokomis Capital L.L.C. acquired a new stake in shares of TPG RE Finance Trust during the first quarter worth approximately $1,437,000. Finally, Evoke Wealth LLC increased its holdings in shares of TPG RE Finance Trust by 183.0% during the fourth quarter. Evoke Wealth LLC now owns 182,710 shares of the company’s stock worth $1,231,000 after buying an additional 118,149 shares in the last quarter. 57.12% of the stock is currently owned by institutional investors.

About TPG RE Finance Trust

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.