TPG RE Finance Trust (NYSE:TRTX – Get Rating)‘s stock had its “neutral” rating reaffirmed by research analysts at Bank of America in a research note issued to investors on Monday, The Fly reports. They presently have a $8.00 price target on the stock. Bank of America‘s target price suggests a potential upside of 12.83% from the stock’s previous close.
TRTX has been the subject of several other research reports. JPMorgan Chase & Co. lowered their target price on shares of TPG RE Finance Trust from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, November 3rd. BTIG Research cut shares of TPG RE Finance Trust from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 2nd. Finally, Raymond James decreased their price target on shares of TPG RE Finance Trust from $11.50 to $11.00 and set a “strong-buy” rating for the company in a research note on Thursday, November 3rd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, TPG RE Finance Trust currently has an average rating of “Moderate Buy” and an average price target of $10.40.
TPG RE Finance Trust Trading Up 1.1 %
NYSE TRTX opened at $7.09 on Monday. The firm has a 50 day moving average of $7.67 and a two-hundred day moving average of $9.11. TPG RE Finance Trust has a 52 week low of $6.31 and a 52 week high of $13.38. The company has a quick ratio of 177.12, a current ratio of 177.12 and a debt-to-equity ratio of 2.86. The stock has a market capitalization of $548.84 million, a PE ratio of -8.15 and a beta of 1.83.
Hedge Funds Weigh In On TPG RE Finance Trust
About TPG RE Finance Trust
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 office, multifamily, life science, mixed-use, hospitality, industrial, and retail real estate sectors.
- Get a free copy of the StockNews.com research report on TPG RE Finance Trust (TRTX)
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