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TRTXTPG RE Finance Trust, Inc.Hold6.1·$8.37-0.48%
HoldModerate Confidence
Investment thesis

TPG RE Finance Trust shows a strong Piotroski F-Score and a bullish breakout setup, but a thin upside margin and a failed asymmetry gate mean the risk-reward is unfavorable enough to hold rather than add.

Thesis pillars

  • Thin Upside MarginStable
  • Strong Piotroski MarginsStable
  • Bullish Breakout SetupStable
  • +1 more pillar — see the Why tab for full reasoning

Full reasoning →

Open full analysis

TPG RE Finance Trust, Inc. (TRTX) Stock Analysis

Range Bound setup

HoldVALUE-TRAP 1/5ValueGrowthModerate Confidence

Real Estate · REIT - Mortgage

Hold if already holding. Not a fresh buy at $8.37, but acceptable to hold if already in. Reasons: Concentration risk — Product: first mortgage loans (100.0%); Thin upside margin: 3.9%.

TPG RE Finance Trust is an externally managed commercial real estate finance REIT that originates and acquires first mortgage loans secured by institutional-quality U.S. properties, managed by an affiliate of TPG, which had $303 billion in assets under management as of December... Read more

$8.37+3.9% A.UpsideScore 6.1/10#8 of 24 REIT - Mortgage
QualityF-score8 / 9FCF yield
IncomeYield11.51%(5y avg 11.14%)Payout150.00%
Stop $8.09Target $8.70(analyst − 13%)A.R:R 0.8:1
Analyst target$10.00+19.5%6 analysts
$8.70our TP
$8.37price
$10.00mean
$11

Hold if already holding. Not a fresh buy at $8.37, but acceptable to hold if already in. Reasons: Concentration risk — Product: first mortgage loans (100.0%); Thin upside margin: 3.9%. Chart setup: RSI 51 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Score 6.1/10, moderate confidence.

Passes 6/8 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 20d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: aggressive.

TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Tue, Jul 28, 202620d to earnings· next earnings call

Thesis

Rewards
Strong growth profile
Positive insider activity
Risks
Concentration risk — Product: first mortgage loans (100.0%)
Thin upside margin: 3.9%

Key Metrics

P/E (TTM)13.1
P/E (Fwd)7.4
Mkt Cap$650M
EV/EBITDA
Profit Mgn48.1%
ROE6.1%
Rev Growth11.9%
Beta1.46
Dividend11.51%
Rating analysts12

Quality Signals

Piotroski F8/9MoatNarrow

Options Flow

P/C0.10bullish
IV70%elevated

Concentration Risks(10-K Item 1A)

  • HIGHProductfirst mortgage loans100%
    10-K Item 1: 'As of December 31, 2025, 99.7% of our loan commitments were floating rate, of which 100.0% were first mortgage loans.'

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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Methodology · Editorial policy & full disclaimer

Rating Breakdown

1 floor-breaker

No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static

Earnings History
0.0
Surprise Avg
2.3
Dividend Safety
3.5
Erm
5.0
Earnings Timing
5.0
Yield trap warning: high yield but unsafe
GatesMomentum 4.0<4.5A.R:R 0.8 < 1.5@spotInsider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 20d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARRange BoundSuitability: Aggressive
RSI
51 · Neutral
20D MA 50D MA 200D MAGOLDEN CROSSSupport $8.17Resistance $8.54

Price Targets

$8
$9
A.Upside+3.9%
A.R:R0.8:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! momentum at 4.0 (below the engine's 4.5 threshold)
! asymmetry at 0.8 (below the engine's 1.5 threshold)@spot

Earnings

M
M
M
M
0/4 beats
Next Earnings2026-07-28 (20d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is TRTX stock a buy right now?

Hold if already holding. Not a fresh buy at $8.37, but acceptable to hold if already in. Reasons: Concentration risk — Product: first mortgage loans (100.0%); Thin upside margin: 3.9%. Chart setup: RSI 51 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Target $8.70 (+3.9%), stop $8.09 (−3.5%), A.R:R 0.8:1. Score 6.1/10, moderate confidence.

What is the TRTX stock price target?

Take-profit target: $8.70 (+3.9% upside). Target $8.70 (+3.9%), stop $8.09 (−3.5%), A.R:R 0.8:1. Stop-loss: $8.09.

What are the risks of investing in TRTX?

Concentration risk — Product: first mortgage loans (100.0%); Thin upside margin: 3.9%.

Is TRTX overvalued or undervalued?

TPG RE Finance Trust, Inc. trades at a P/E of 13.1 (forward 7.4). TrendMatrix value score: 6.3/10. Verdict: Hold.

What do analysts say about TRTX?

12 analysts cover TRTX with a consensus score of 4.1/5. Average price target: $10.

What does TPG RE Finance Trust, Inc. do?TPG RE Finance Trust is an externally managed commercial real estate finance REIT that originates and acquires first...

TPG RE Finance Trust is an externally managed commercial real estate finance REIT that originates and acquires first mortgage loans secured by institutional-quality U.S. properties, managed by an affiliate of TPG, which had $303 billion in assets under management as of December 31, 2025. As of that date, the company held 50 loans for investment totaling $4.3 billion in commitments and a $4.1 billion unpaid principal balance, entirely first mortgage loans, with a weighted average all-in yield of 7.1% and a weighted average loan-to-value ratio of 65.7%.

Related stocks: RITM (Rithm Capital Corp.) · EFC (Ellington Financial Inc.) · STWD (STARWOOD PROPERTY TRUST, INC. S) · BXMT (Blackstone Mortgage Trust, Inc.) · FBRT (Franklin BSP Realty Trust, Inc.)
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