TPG RE Finance Trust (NYSE:TRTX - Get Free Report) had its price target cut by equities research analysts at JPMorgan Chase & Co. from $8.50 to $7.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock.
TPG RE Finance Trust Stock Performance
Shares of NYSE TRTX traded down $0.17 during midday trading on Wednesday, reaching $7.00. 166,241 shares of the company traded hands, compared to its average volume of 637,083. The company has a market cap of $562.70 million, a price-to-earnings ratio of 9.33, a PEG ratio of 0.25 and a beta of 1.78. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. The stock has a 50-day moving average price of $8.08 and a 200 day moving average price of $8.45. TPG RE Finance Trust has a 52 week low of $6.47 and a 52 week high of $9.66.
TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.18). The firm had revenue of $34.74 million for the quarter, compared to the consensus estimate of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. Sell-side analysts anticipate that TPG RE Finance Trust will post 0.99 earnings per share for the current fiscal year.
Hedge Funds Weigh In On TPG RE Finance Trust
Hedge funds have recently made changes to their positions in the business. New Age Alpha Advisors LLC purchased a new position in TPG RE Finance Trust in the 4th quarter worth about $43,000. McIlrath & Eck LLC purchased a new stake in shares of TPG RE Finance Trust in the 3rd quarter valued at approximately $58,000. KLP Kapitalforvaltning AS acquired a new position in TPG RE Finance Trust in the 4th quarter worth approximately $75,000. Virtu Financial LLC purchased a new position in TPG RE Finance Trust during the 4th quarter worth approximately $85,000. Finally, Stratos Wealth Partners LTD. raised its stake in TPG RE Finance Trust by 20.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company's stock valued at $131,000 after purchasing an additional 2,623 shares during the period. Institutional investors and hedge funds own 57.12% of the company's stock.
TPG RE Finance Trust Company Profile
(
Get Free Report)
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.
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