TPG RE Finance Trust (NYSE:TRTX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

According to Zacks, “TPG RE Finance Trust, Inc. is a commercial real estate finance company. It focuses primarily on directly originating, acquiring and managing commercial mortgage loans and other commercial real estate-related debt instruments. TPG RE Finance Trust, Inc. is headquartered in SAN FRANCISCO, United States. “

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Separately, ValuEngine lowered TPG RE Finance Trust from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $21.33.

TPG RE Finance Trust (TRTX) opened at $20.00 on Friday. TPG RE Finance Trust has a twelve month low of $18.22 and a twelve month high of $20.70. The company has a debt-to-equity ratio of 1.52, a quick ratio of 10.96 and a current ratio of 10.96.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The business had revenue of $31.47 million for the quarter, compared to analysts’ expectations of $31.58 million. research analysts anticipate that TPG RE Finance Trust will post 1.91 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. American International Group Inc. grew its holdings in shares of TPG RE Finance Trust by 532.9% during the fourth quarter. American International Group Inc. now owns 7,487 shares of the company’s stock worth $143,000 after purchasing an additional 6,304 shares in the last quarter. First Republic Investment Management Inc. purchased a new stake in TPG RE Finance Trust in the fourth quarter worth approximately $245,000. Boothbay Fund Management LLC purchased a new stake in TPG RE Finance Trust in the third quarter worth approximately $275,000. California State Teachers Retirement System purchased a new stake in TPG RE Finance Trust in the third quarter worth approximately $356,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in TPG RE Finance Trust in the third quarter worth approximately $390,000. 32.45% of the stock is owned by institutional investors.

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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 the United States. It invests in commercial mortgage loans; and subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments secured by properties primarily in the office, mixed use, multifamily, industrial, retail, and hospitality real estate sectors.

Analyst Recommendations for TPG RE Finance Trust (NYSE:TRTX)

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