Last Updated: 19 Sep 2024
Executive Summary
TPG RE Finance Trust Inc. (TRTX) is a commercial real estate finance company that originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in North America. The company has a market capitalization of $717 million and trades on the NYSE exchange. The latest stock price is $8.86.
Company Overview
TPG RE Finance Trust Inc. was founded in 2012 and is headquartered in New York, New York. The company's portfolio consists of approximately $4.4 billion of commercial mortgage loans and other commercial real estate-related debt instruments. TPG RE Finance Trust Inc. originates loans through a variety of channels, including direct originations, loan purchases, and securitizations. The company's borrowers are primarily real estate developers, owners, and operators.
Fundamental Analysis
TPG RE Finance Trust Inc.'s financial performance has been mixed in recent years. The company reported a net loss of $37.4 million in 2022, compared to a net income of $40.6 million in 2021. The company's revenue increased from $39.8 million in 2021 to $43.9 million in 2022. TPG RE Finance Trust Inc.'s book value per share is $13.89, and its dividend yield is 0.107%.
Technical Analysis
TPG RE Finance Trust Inc.'s stock price has been trending lower in recent months. The stock is currently trading below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 37.5, which indicates that the stock is oversold.
Short Term Outlook
TPG RE Finance Trust Inc.'s stock price is likely to remain under pressure in the short term. The company's financial performance has been mixed, and the stock is trading below its moving averages. The stock's RSI is also indicating that the stock is oversold.
Long Term Outlook
TPG RE Finance Trust Inc.'s long-term outlook is more positive. The company's portfolio is well-diversified, and the company has a strong track record of originating loans. The company's dividend yield is also attractive.
Analyst Recommendations
The analysts have a mixed view of TPG RE Finance Trust Inc.'s stock. One analyst has a Strong Buy rating on the stock, three analysts have a Buy rating, one analyst has a Hold rating, and one analyst has a Sell rating. The average analyst target price is $9.80.
