TPG RE Finance TrustTRTX
About: TPG RE Finance Trust Inc is a commercial real estate finance company. It originates, acquires and manages commercial mortgage loans and other commercial real estate-related debt instruments consisting of first mortgage loans and senior participation interests in first mortgage loans secured by institutional-quality properties in primary and select secondary markets in the United States. The company's objective is to provide attractive risk-adjusted returns to its stockholders over time through cash distributions and capital appreciation. It focuses 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.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1,281% more call options, than puts
Call options by funds: $29.5M | Put options by funds: $2.14M
56% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 18
14% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 42
13% more capital invested
Capital invested by funds: $349M [Q1] → $393M (+$44.1M) [Q2]
8% more funds holding
Funds holding: 123 [Q1] → 133 (+10) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
1.49% less ownership
Funds ownership: 58.12% [Q1] → 56.63% (-1.49%) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
JP Morgan Richard Shane 78% 1-year accuracy 29 / 37 met price target | 13%upside $9.50 | Overweight Upgraded | 17 Oct 2024 |
JMP Securities Steven Delaney 70% 1-year accuracy 14 / 20 met price target | 18%upside $10 | Market Outperform Maintained | 21 Aug 2024 |
