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TRTXTPG RE Finance Trust, Inc.Sell5.6·$8.04+0.25%
SellModerate 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

SellVALUE-TRAP 2/5ValueGrowthModerate Confidence

Real Estate · REIT - Mortgage

Sell if holding. At $8.04, A.R:R 1.4:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 6.9%; Concentration risk — Product: first mortgage loans (100.0%).

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

$8.04+6.9% A.UpsideScore 5.6/10#13 of 24 REIT - Mortgage
QualityF-score7 / 9FCF yield
IncomeYield12.08%(5y avg 11.14%)Payout174.55%
Stop $7.65Target $8.59(analyst − 13%)A.R:R 1.4:1
Analyst target$9.88+22.8%6 analysts
$8.59our TP
$8.04price
$9.88mean
$11

Sell if holding. At $8.04, A.R:R 1.4:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 6.9%; Concentration risk — Product: first mortgage loans (100.0%). Chart setup: No clear chart pattern; technical signals are mixed. Score 5.6/10, moderate confidence.

Passes 6/8 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 74d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: aggressive.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-08-14
TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Tue, Oct 27, 202674d to earnings· next earnings call

Thesis

Rewards
Positive insider activity
Risks
Concentration risk — Product: first mortgage loans (100.0%)
Thin upside margin: 6.9%
Consecutive earnings misses (2)

Key Metrics

P/E (TTM)14.6
P/E (Fwd)7.2
Mkt Cap$620M
EV/EBITDA
Profit Mgn43.9%
ROE5.4%
Rev Growth-11.6%
Beta1.48
Dividend12.08%
Rating analysts12

Quality Signals

Piotroski F7/9

Options Flow

P/C1.20bearish
IV83%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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About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

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Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

2 floor-breakers

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

Earnings History
0.0
Surprise Avg
0.3
Dividend Safety
4.5
Erm
5.0
Earnings Timing
5.0
Earnings concerns: 0B/2MYield trap warning: high yield but unsafe

Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static

Volume
0.0
Ma Position
2.2
Rsi
3.5
Macd
3.6
Obv
6.6
Below 200-MA but MA still rising (+0.6%/30d) — pullback in uptrend, not confirmed weakness
GatesMomentum 3.2<4.5A.R:R 1.4 < 1.5@spotInsider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 74d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARSuitability: Aggressive
RSI
31 · Neutral
20D MA 50D MA 200D MAGOLDEN CROSSSupport $7.89Resistance $8.79

Price Targets

$8
$9
A.Upside+6.9%
A.R:R1.4:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! NEWS_MOD=-1: HOLD_IF_HOLDING → SELL_IF_HOLDING
! momentum at 3.2 (below the engine's 4.5 threshold)
! asymmetry at 1.4 (below the engine's 1.5 threshold)@spot

Earnings

M
M
M
M
0/4 beats
Next Earnings2026-10-27 (74d)

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?

Sell if holding. At $8.04, A.R:R 1.4:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 6.9%; Concentration risk — Product: first mortgage loans (100.0%). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $7.65. Score 5.6/10, moderate confidence.

What is the TRTX stock price target?

Take-profit target: $8.59 (+6.9% upside). Prior stop was $7.65. Stop-loss: $7.65.

What are the risks of investing in TRTX?

Concentration risk — Product: first mortgage loans (100.0%); Thin upside margin: 6.9%; Consecutive earnings misses (2).

Is TRTX overvalued or undervalued?

TPG RE Finance Trust, Inc. trades at a P/E of 14.6 (forward 7.2). TrendMatrix value score: 6.9/10. Verdict: Sell.

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%.

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