JPMorgan Chase & Co. Issues Pessimistic Forecast for TPG RE Finance Trust (NYSE:TRTX) Stock Price

TPG RE Finance Trust (NYSE:TRTX) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from $9.50 to $8.50 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 0.20% from the company’s previous close.

TPG RE Finance Trust Price Performance

Shares of TRTX opened at $8.52 on Tuesday. The firm has a market cap of $689.28 million, a PE ratio of 12.34, a price-to-earnings-growth ratio of 0.25 and a beta of 2.17. TPG RE Finance Trust has a 52-week low of $5.12 and a 52-week high of $9.66. The business’s 50 day moving average price is $8.76 and its two-hundred day moving average price is $8.73. The company has a debt-to-equity ratio of 2.03, a quick ratio of 152.83 and a current ratio of 152.83.

Institutional Investors Weigh In On TPG RE Finance Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its holdings in TPG RE Finance Trust by 19.3% in the fourth quarter. SG Americas Securities LLC now owns 30,596 shares of the company’s stock worth $260,000 after acquiring an additional 4,944 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of TPG RE Finance Trust during the fourth quarter worth approximately $472,000. Franklin Resources Inc. lifted its holdings in shares of TPG RE Finance Trust by 112.5% in the 3rd quarter. Franklin Resources Inc. now owns 156,444 shares of the company’s stock worth $1,308,000 after purchasing an additional 82,817 shares in the last quarter. Barclays PLC grew its position in TPG RE Finance Trust by 385.9% in the 3rd quarter. Barclays PLC now owns 172,718 shares of the company’s stock valued at $1,472,000 after purchasing an additional 137,171 shares during the period. Finally, McIlrath & Eck LLC acquired a new stake in TPG RE Finance Trust in the 3rd quarter valued at $58,000. 57.12% of the stock is owned by institutional investors.

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; 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.