TPG RE Finance Trust (NYSE:TRTX) Raised to “Overweight” at JPMorgan Chase & Co.

TPG RE Finance Trust (NYSE:TRTX) was upgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Thursday, Briefing.com reports. The brokerage presently has a $9.50 target price on the stock, up from their prior target price of $9.00. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 9.95% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. JMP Securities upped their price target on TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 21st. BTIG Research reaffirmed a “buy” rating and set a $11.00 price target on shares of TPG RE Finance Trust in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TPG RE Finance Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.08.

TPG RE Finance Trust Stock Up 3.0 %

Shares of NYSE TRTX opened at $8.64 on Thursday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 154.59 and a current ratio of 154.59. TPG RE Finance Trust has a 52 week low of $4.64 and a 52 week high of $9.66. The stock has a market capitalization of $699.24 million, a P/E ratio of -23.35, a PEG ratio of 0.24 and a beta of 2.19. The stock’s fifty day moving average is $8.63 and its 200 day moving average is $8.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management LLC bought a new position in TPG RE Finance Trust during the 1st quarter worth approximately $952,000. Renaissance Technologies LLC grew its position in TPG RE Finance Trust by 252.8% during the 2nd quarter. Renaissance Technologies LLC now owns 123,094 shares of the company’s stock worth $1,064,000 after acquiring an additional 88,200 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in TPG RE Finance Trust by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 75,376 shares of the company’s stock worth $582,000 after acquiring an additional 3,217 shares during the last quarter. Millennium Management LLC lifted its holdings in TPG RE Finance Trust by 30.3% in the 2nd quarter. Millennium Management LLC now owns 1,174,646 shares of the company’s stock worth $10,149,000 after buying an additional 273,086 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in TPG RE Finance Trust in the 1st quarter worth approximately $506,000. 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.