Citigroup Inc. Reaffirms “Neutral” Rating for TPG RE Finance Trust Inc (NASDAQ:TRTX)

TPG RE Finance Trust Inc (NASDAQ:TRTX)‘s stock had its “neutral” rating reaffirmed by equities researchers at Citigroup Inc. in a note issued to investors on Tuesday, October 17th, Marketbeat.com reports. They currently have a $22.00 target price on the stock. Citigroup Inc.’s price target points to a potential upside of 14.29% from the company’s previous close.

A number of other research analysts have also commented on the company. Deutsche Bank AG started coverage on TPG RE Finance Trust in a report on Friday, August 18th. They set a “buy” rating and a $21.00 price objective on the stock. JMP Securities started coverage on TPG RE Finance Trust in a report on Friday, August 18th. They set an “outperform” rating and a $21.50 price objective on the stock. Zacks Investment Research lowered TPG RE Finance Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. J P Morgan Chase & Co started coverage on TPG RE Finance Trust in a report on Monday, August 14th. They issued a “neutral” rating and a $20.50 target price on the stock. Finally, Bank of America Corporation started coverage on TPG RE Finance Trust in a report on Monday, August 14th. They issued a “buy” rating and a $21.00 target price on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $21.33.

Shares of TPG RE Finance Trust (NASDAQ TRTX) opened at 19.31 on Tuesday. TPG RE Finance Trust has a one year low of $18.71 and a one year high of $20.70. The company has a 50-day moving average of $19.80 and a 200 day moving average of $19.79. The firm’s market cap is $1.16 billion.

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A hedge fund recently bought a new stake in TPG RE Finance Trust stock. State of New Jersey Common Pension Fund D acquired a new position in shares of TPG RE Finance Trust Inc (NASDAQ:TRTX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 40,000 shares of the company’s stock, valued at approximately $791,000. State of New Jersey Common Pension Fund D owned approximately 0.07% of TPG RE Finance Trust at the end of the most recent quarter.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc is a commercial real estate finance company. The Company is engaged in originating, acquiring and managing commercial mortgage loans and other commercial real estate-related debt instruments. It focuses primarily on directly originating and selectively acquiring floating rate first mortgage loans that are secured by high quality commercial real estate properties undergoing some form of transition and value creation, such as re-tenanting, refurbishment or other form of repositioning.

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

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