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

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TPG RE Finance Trust in the last twelve months. There are currently 4 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" TRTX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TRTX, but not buy additional shares or sell existing shares.
View TRTX analyst ratings or view top-rated stocks.

5 brokerages have issued 12-month price objectives for TPG RE Finance Trust's stock. Their TRTX share price forecasts range from $7.00 to $9.00. On average, they anticipate the company's stock price to reach $7.88 in the next twelve months. This suggests a possible upside of 10.3% from the stock's current price.
View analysts price targets for TRTX or view top-rated stocks among Wall Street analysts.

TPG RE Finance Trust's stock was trading at $6.79 on January 1st, 2023. Since then, TRTX stock has increased by 5.2% and is now trading at $7.14.
View the best growth stocks for 2023 here.

TPG RE Finance Trust saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,020,000 shares, an increase of 26.0% from the August 15th total of 809,300 shares. Based on an average daily volume of 380,800 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.7% of the company's shares are sold short.
View TPG RE Finance Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our TRTX earnings forecast.

TPG RE Finance Trust, Inc. (NYSE:TRTX) announced its quarterly earnings data on Tuesday, November, 2nd. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. TPG RE Finance Trust had a positive trailing twelve-month return on equity of 3.89% and a negative net margin of 37.60%. During the same quarter in the prior year, the company earned $0.42 earnings per share.

TPG RE Finance Trust announced a quarterly dividend on Monday, September 11th. Stockholders of record on Thursday, September 28th will be paid a dividend of $0.24 per share on Wednesday, October 25th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 13.45%. The ex-dividend date of this dividend is Wednesday, September 27th.
Read our dividend analysis for TRTX.

ETFs with the largest weight of TPG RE Finance Trust (NYSE:TRTX) stock in their portfolio include Invesco KBW High Dividend Yield Financial ETF (KBWD) and Hoya Capital High Dividend Yield ETF (RIET).iShares Mortgage Real Estate ETF (REM).

TPG RE Finance Trust (NYSE:TRTX) pays an annual dividend of $0.96 per share and currently has a dividend yield of 13.45%. TRTX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for TRTX.

Based on aggregate information from My MarketBeat watchlists, some companies that other TPG RE Finance Trust investors own include New Residential Investment (NRZ), General Electric (GE), Starwood Property Trust (STWD), Two Harbors Investment (TWO), Chimera Investment (CIM), Ladder Capital (LADR), AGNC Investment (AGNC), Apple Hospitality REIT (APLE), Invesco Mortgage Capital (IVR) and Wells Fargo & Company (WFC).

(TRTX) raised $226 million in an IPO on Thursday, July 20th 2017. The company issued 11,000,000 shares at $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.

TPG RE Finance Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "TRTX."

TPG RE Finance Trust's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.15%), Goldman Sachs Group Inc. (5.24%), Citigroup Inc. (2.43%), State Street Corp (1.94%), Geode Capital Management LLC (1.71%) and Charles Schwab Investment Management Inc. (1.31%).
View institutional ownership trends.

Shares of TRTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TRTX stock can currently be purchased for approximately $7.14.

TPG RE Finance Trust (NYSE:TRTX) has a market capitalization of $554.99 million and generates $305.71 million in revenue each year. The company earns $-60,070,000.00 in net income (profit) each year or ($1.99) on an earnings per share basis.

TPG RE Finance Trust's mailing address is 888 SEVENTH AVENUE 35TH FLOOR, NEW YORK NY, 10106. The official website for the company is www.tpgrefinance.com. The company can be reached via phone at (212) 601-7400 or via email at ir@tpgrefinance.com.