TPG RE Finance Trust Inc (TRTX) Stock Rating Upgraded by Zacks Investment Research

TPG RE Finance Trust Inc (NASDAQ:TRTX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage currently has a $22.00 price target on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 14.29% from the stock’s previous close.

According to Zacks, “TPG RE Finance Trust, Inc. is a commercial real estate finance company. It focuses primarily on directly originating, acquiring and managing commercial mortgage loans and other commercial real estate-related debt instruments. TPG RE Finance Trust, Inc. is headquartered in SAN FRANCISCO, United States. “

TRTX has been the subject of several other reports. Citigroup Inc. initiated coverage on TPG RE Finance Trust in a research note on Monday, August 14th. They issued a “neutral” rating and a $22.00 target price for the company. Deutsche Bank AG initiated coverage on TPG RE Finance Trust in a research note on Friday, August 18th. They issued a “buy” rating and a $21.00 target price for the company. Bank of America Corporation initiated coverage on TPG RE Finance Trust in a research note on Monday, August 14th. They issued a “buy” rating and a $21.00 target price for the company. JMP Securities initiated coverage on TPG RE Finance Trust in a research note on Friday, August 18th. They issued an “outperform” rating and a $21.50 target price for the company. Finally, J P Morgan Chase & Co initiated coverage on TPG RE Finance Trust in a research note on Monday, August 14th. They issued a “neutral” rating and a $20.50 target price for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $21.33.

Shares of TPG RE Finance Trust (NASDAQ:TRTX) traded up 0.84% during mid-day trading on Thursday, hitting $19.31. The stock had a trading volume of 65,927 shares. TPG RE Finance Trust has a 12-month low of $18.71 and a 12-month high of $20.70. The firm’s 50-day moving average price is $19.80 and its 200 day moving average price is $19.79. The stock’s market cap is $1.16 billion.

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An institutional investor recently bought a new position in TPG RE Finance Trust stock. State of New Jersey Common Pension Fund D purchased a new position in TPG RE Finance Trust Inc (NASDAQ:TRTX) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 40,000 shares of the company’s stock, valued at approximately $791,000. State of New Jersey Common Pension Fund D owned about 0.07% of TPG RE Finance Trust as of its most recent SEC filing.

TPG RE Finance Trust Company Profile

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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