TPG RE Finance Trust (NYSE:TRTX) Sets New 12-Month Low – What’s Next?

TPG RE Finance Trust, Inc. (NYSE:TRTX) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $7.56 and last traded at $7.5270, with a volume of 26164 shares traded. The stock had previously closed at $7.65.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price target on 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. Wall Street Zen raised TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Citigroup reiterated a “market outperform” rating on shares of TPG RE Finance Trust in a report on Tuesday, June 9th. Finally, Weiss Ratings downgraded shares of TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

TPG RE Finance Trust Trading Down 0.5%

The stock has a market cap of $571.55 million, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 1.65 and a beta of 1.42. The company has a debt-to-equity ratio of 3.30, a quick ratio of 200.26 and a current ratio of 200.26. The firm’s fifty day simple moving average is $8.10 and its 200-day simple moving average is $8.22.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings data 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 return on equity of 6.85% and a net margin of 17.03%.The firm had revenue of $34.01 million for the quarter, compared to analyst estimates of $37.30 million. Equities research analysts expect that TPG RE Finance Trust, Inc. will post 0.92 EPS for the current fiscal year.

Institutional Trading of TPG RE Finance Trust

A number of large investors have recently bought and sold shares of TRTX. Kemnay Advisory Services Inc. acquired a new position in shares of TPG RE Finance Trust in the 4th quarter valued at about $30,000. Kestra Advisory Services LLC acquired a new stake in shares of TPG RE Finance Trust in the 4th quarter valued at about $30,000. BNP Paribas Financial Markets raised its stake in TPG RE Finance Trust by 86.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock worth $50,000 after buying an additional 3,013 shares during the period. Russell Investments Group Ltd. raised its stake in TPG RE Finance Trust by 2,454.1% during the 3rd 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 during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in TPG RE Finance Trust by 249.1% in the second quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock worth $53,000 after acquiring an additional 4,865 shares in the last quarter. 57.12% of the stock is currently owned by institutional investors and hedge funds.

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.