TPG RE Finance Trust, Inc. (NYSE:TRTX) Sees Large Increase in Short Interest

TPG RE Finance Trust, Inc. (NYSE:TRTX) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 2,110,000 shares, an increase of 20.6% from the February 13th total of 1,750,000 shares. Currently, 3.2% of the shares of the company are short sold. Based on an average daily volume of 574,800 shares, the days-to-cover ratio is currently 3.7 days.

TPG RE Finance Trust Stock Down 0.0 %

Shares of NYSE TRTX opened at $8.53 on Thursday. TPG RE Finance Trust has a 52-week low of $6.99 and a 52-week high of $9.66. The business has a 50-day moving average price of $8.48 and a 200 day moving average price of $8.64. The company has a quick ratio of 152.83, a current ratio of 156.81 and a debt-to-equity ratio of 2.14. The stock has a market cap of $690.88 million, a PE ratio of 11.37, a price-to-earnings-growth ratio of 0.25 and a beta of 2.23.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. The company had revenue of $34.74 million for the quarter, compared to analyst estimates of $27.98 million. Equities research analysts forecast that TPG RE Finance Trust will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a yield of 11.26%. TPG RE Finance Trust’s payout ratio is 128.00%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their target price on TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, TPG RE Finance Trust presently has an average rating of “Buy” and an average target price of $9.40.

Institutional Trading of TPG RE Finance Trust

Hedge funds have recently added to or reduced their stakes in the stock. Long Pond Capital LP lifted its holdings in shares of TPG RE Finance Trust by 117.1% in the 4th quarter. Long Pond Capital LP now owns 7,303,626 shares of the company’s stock valued at $62,081,000 after buying an additional 3,938,800 shares during the period. Vanguard Group Inc. boosted its stake in shares of TPG RE Finance Trust by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 4,939,620 shares of the company’s stock valued at $41,987,000 after buying an additional 63,529 shares in the last quarter. Citigroup Inc. boosted its stake in shares of TPG RE Finance Trust by 1.3% in the third quarter. Citigroup Inc. now owns 1,901,741 shares of the company’s stock valued at $16,222,000 after buying an additional 25,115 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of TPG RE Finance Trust by 23.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,585,600 shares of the company’s stock valued at $13,478,000 after buying an additional 303,100 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of TPG RE Finance Trust by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,464,001 shares of the company’s stock valued at $12,447,000 after buying an additional 7,118 shares in the last quarter. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc, a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.