TRTX

TPG RE Finance Trust
TRTX

$9.50
1.71%

Market Cap: 762M

 

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.

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 5 analysts
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

9,149% more call options, than puts

Call options by funds: $26.9M | Put options by funds: $291K

100% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 2 (+1) [Q1 2024]

25% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 20

20% more capital invested

Capital invested by funds: $289M [Q4 2023] → $347M (+$58.4M) [Q1 2024]

4% more funds holding

Funds holding: 116 [Q4 2023] → 121 (+5) [Q1 2024]

0.78% more ownership

Funds ownership: 57.04% [Q4 2023] → 57.81% (+0.78%) [Q1 2024]

0% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 38

Research analyst outlook

5 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$6.50
32%
downside
Avg. target
$7.70
19%
downside
High target
$9
5%
downside

5 analyst ratings

positive
60%
neutral
20%
negative
20%
Wells Fargo
Donald Fandetti
5%downside
$9
Overweight
Maintained
7 May 2024
Raymond James
Stephen Laws
11%downside
$8.5
Outperform
Downgraded
12 Apr 2024
JP Morgan
Richard Shane
21%downside
$7.5
Neutral
Maintained
10 Apr 2024
B of A Securities
Eric Dray
32%downside
$6.5
Underperform
Downgraded
4 Mar 2024
Wells Fargo
Donald Fandetti
26%downside
$7
Overweight
Maintained
22 Feb 2024

Financial journalist opinion