TRTX Stock Summary and Trading Ideas (TPG Re Finance Trust | NYSE:TRTX)

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.

TPG Re Finance Trust trades on the NYSE stock market under the symbol TRTX.

As of April 23, 2024, TRTX stock price climbed to $7.84 with 537,953 million shares trading.

TRTX has a beta of 1.70, meaning it tends to be more sensitive to market movements. TRTX has a correlation of 0.17 to the broad based SPY ETF.

TRTX has a market cap of $610.49 million. This is considered a Small Cap stock.

Last quarter TPG Re Finance Trust reported $31 million in Revenue and -$2.05 earnings per share. This beat revenue expectation by $7 million and missed earnings estimates by -$1.88.

In the last 3 years, TRTX stock traded as high as $14.55 and as low as $4.65.

The top ETF exchange traded funds that TRTX belongs to (by Net Assets): VTI, IWM, KBWD, REM, VXF.

TRTX stock has underperformed the market in the last year with a return of +19.4%, while SPY returned +24.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in TRTX shares. However, TRTX has outperformed the market in the last 3 month and 2 week periods, returning +30.5% and +2.1%, while SPY returned +4.9% and -2.5%, respectively. This indicates TRTX has been having a stronger performance recently.

TRTX support price is $7.43 and resistance is $7.79 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TRTX stock will trade within this expected range on the day.