TPG RE Finance Trust (NYSE:TRTX) PT Lowered to $7.50 at JPMorgan Chase & Co.

TPG RE Finance Trust (NYSE:TRTX – Get Rating) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $9.00 to $7.50 in a research note issued on Monday, The Fly reports. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 1.76% from the stock’s current price.

Separately, Citigroup reduced their price objective on TPG RE Finance Trust from $9.00 to $7.00 in a research note on Thursday, April 6th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.30.

Get TPG RE Finance Trust alerts:

TPG RE Finance Trust Stock Down 0.9 %

TRTX opened at $7.37 on Monday. The business has a 50 day moving average price of $7.67 and a two-hundred day moving average price of $7.61. The company has a quick ratio of 151.81, a current ratio of 151.81 and a debt-to-equity ratio of 2.72. The company has a market cap of $569.55 million, a PE ratio of -7.68 and a beta of 1.86. TPG RE Finance Trust has a 52 week low of $6.31 and a 52 week high of $11.26.

Hedge Funds Weigh In On TPG RE Finance Trust

Several hedge funds have recently bought and sold shares of the stock. Alliancebernstein L.P. increased its position in TPG RE Finance Trust by 17.3% during the fourth quarter. Alliancebernstein L.P. now owns 52,100 shares of the company’s stock worth $354,000 after buying an additional 7,700 shares in the last quarter. State of Wisconsin Investment Board increased its position in TPG RE Finance Trust by 78.2% during the fourth quarter. State of Wisconsin Investment Board now owns 96,159 shares of the company’s stock worth $653,000 after buying an additional 42,190 shares in the last quarter. Squarepoint Ops LLC purchased a new position in TPG RE Finance Trust during the fourth quarter worth $314,000. Brevan Howard Capital Management LP increased its position in TPG RE Finance Trust by 17.7% during the fourth quarter. Brevan Howard Capital Management LP now owns 832,942 shares of the company’s stock worth $5,656,000 after buying an additional 125,000 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in TPG RE Finance Trust by 53.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 67,014 shares of the company’s stock worth $455,000 after buying an additional 23,254 shares in the last quarter. Hedge funds and other institutional investors own 56.86% of the company’s stock.

About TPG RE Finance Trust

(Get Rating)

TPG RE Finance Trust, Inc is a holding company, which engages in the provision of commercial real estate finance services. It originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in North America. The company was founded on October 24, 2014 and is headquartered in New York, NY.

Read More

• Get a free copy of the StockNews.com research report on TPG RE Finance Trust (TRTX)
• 3 Medtech Companies with Higher Future Share Prices
• Buying the Dip On Albemarle, Fundamentals Still Sound
• Freeport McMoRan May be Coming Off The Commodities Peak Cycle
• MarketBeat Week in Review – 4/17 – 4/21
• 2 Industrial Strength Dividend Stocks Melting Up 

Receive News & Ratings for TPG RE Finance Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPG RE Finance Trust and related companies with MarketBeat.com's FREE daily email newsletter.