TPG RE Finance Trust (TRTX) Stock Price, News & Analysis

Company Overview

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 multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. TPG RE Finance Trust, Inc. was incorporated in 2014 and is based in New York, New York.

Key Stats

• Today's Range: $8.69 to $8.84
• 50-Day Range: $8.23 to $9.08
• 52-Week Range: $5.12 to $9.66
• Volume: 294,216 shs
• Average Volume: 581,225 shs
• Market Capitalization: $707.33 million
• P/E Ratio: 12.67
• Dividend Yield: 10.98%
• Price Target: $9.08
• Consensus Rating: Moderate Buy

TPG RE Finance Trust Stock Analysis - MarketRank™

TPG RE Finance Trust scored higher than 42% of companies evaluated by MarketBeat, and ranked 568th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

TPG RE Finance Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 5 buy ratings, no hold ratings, and 1 sell rating.

Amount of Analyst Coverage

TPG RE Finance Trust has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: -5.61%

Earnings Growth

Earnings for TPG RE Finance Trust are expected to decrease by -5.61% in the coming year, from $1.07 to $1.01 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of TPG RE Finance Trust is 12.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of TPG RE Finance Trust is 12.67, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.12.

Price to Earnings Growth Ratio

TPG RE Finance Trust has a PEG Ratio of 0.25. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

TPG RE Finance Trust has a P/B Ratio of 0.63. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.01% of the float of TPG RE Finance Trust has been sold short.

Short Interest Ratio / Days to Cover

TPG RE Finance Trust has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in TPG RE Finance Trust has recently increased by 15.53%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

TPG RE Finance Trust is a leading dividend payer. It pays a dividend yield of 10.85%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

TPG RE Finance Trust does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of TPG RE Finance Trust is 139.13%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, TPG RE Finance Trust will have a dividend payout ratio of 95.05% in the coming year. This indicates that TPG RE Finance Trust may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.01% of the float of TPG RE Finance Trust has been sold short.

Short Interest Ratio / Days to Cover

TPG RE Finance Trust has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in TPG RE Finance Trust has recently increased by 15.53%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: N/A

Search Interest

3 people have searched for TRTX on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

MarketBeat Follows

3 people have added TPG RE Finance Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, TPG RE Finance Trust insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.50% of the stock of TPG RE Finance Trust is held by insiders.

Percentage Held by Institutions

57.12% of the stock of TPG RE Finance Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TRTX Stock Analysis - Frequently Asked Questions

How have TRTX shares performed this year?

TPG RE Finance Trust's stock was trading at $6.50 at the start of the year. Since then, TRTX shares have increased by 34.5% and is now trading at $8.74.
View the best growth stocks for 2024 here.

How were TPG RE Finance Trust's earnings last quarter?

TPG RE Finance Trust, Inc. (NYSE:TRTX) announced its quarterly earnings data on Tuesday, February, 21st. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.15. The firm had revenue of $101.17 million for the quarter, compared to the consensus estimate of $33.91 million. TPG RE Finance Trust had a negative trailing twelve-month return on equity of 7.50% and a net margin of 19.65%.

When did TPG RE Finance Trust IPO?

TPG RE Finance Trust (TRTX) raised $226 million in an initial public offering (IPO) on Thursday, July 20th 2017. The company issued 11,000,000 shares at a price of $20.00-$21.00 per share. BofA Merrill Lynch, Citigroup, Goldman Sachs, Wells Fargo Securities, Deutsche Bank Securities, J. P. Morgan, Morgan Stanley and Barclays served as the underwriters for the IPO and TPG Capital BD and JMP Securities were co-managers.

Who are TPG RE Finance Trust's major shareholders?

Top institutional shareholders of TPG RE Finance Trust include Citigroup Inc. (2.35%), State Street Corp (1.90%), Geode Capital Management LLC (1.80%) and Two Sigma Advisers LP (1.58%). Insiders that own company stock include Starwood Capital Group Global and China Investment Corp.
View institutional ownership trends.

How do I buy shares of TPG RE Finance Trust?

Shares of TRTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of TPG RE Finance Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that TPG RE Finance Trust investors own include The RMR Group (RMR), DiamondRock Hospitality (DRH), American Water Works (AWK), Waste Connections (WCN), iShares Micro-Cap ETF (IWC), AUO (AUOTY) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 2/21/2023
• Ex-Dividend for 10/25 Dividend: 9/27/2024
• Dividend Payable: 10/25/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/18/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• Current Symbol: NYSE:TRTX
• Previous Symbol: NASDAQ:TRTX
• CUSIP: N/A
• CIK: 1630472
• Web: www.tpgrefinance.com
• Phone: (212) 601-7400
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $9.08
• High Stock Price Target: $11.00
• Low Stock Price Target: $6.50
• Potential Upside/Downside: +3.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.69
• Trailing P/E Ratio: 12.67
• Forward P/E Ratio: 8.17
• P/E Growth: 0.25
• Net Income: $-116,630,000.00
• Net Margins: 19.65%
• Pretax Margin: 19.83%
• Return on Equity: -7.50%
• Return on Assets: -2.19%

Debt

• Debt-to-Equity Ratio: 2.03
• Current Ratio: 152.83
• Quick Ratio: 152.83

Sales & Book Value

• Annual Sales: $390.25 million
• Price / Sales: 1.81
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $14.47 per share
• Price / Book: 0.60

Miscellaneous

• Outstanding Shares: 80,930,000
• Free Float: 78,905,000
• Market Cap: $707.33 million
• Optionable: Optionable
• Beta: 2.18