TPG RE Finance Trust, Inc. (NYSE:TRTX) Short Interest Update

TPG RE Finance Trust, Inc. (NYSE:TRTX) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 2,820,000 shares, a growth of 22.6% from the March 15th total of 2,300,000 shares. Based on an average trading volume of 711,000 shares, the days-to-cover ratio is presently 4.0 days. Currently, 4.3% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their price objective on TPG RE Finance Trust from $8.50 to $7.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th.

TPG RE Finance Trust Price Performance

NYSE TRTX traded down $0.09 on Monday, reaching $7.08. The company had a trading volume of 521,316 shares, compared to its average volume of 638,458. The firm’s 50 day moving average price is $8.08 and its 200 day moving average price is $8.45. TPG RE Finance Trust has a 12 month low of $6.47 and a 12 month high of $9.66. The stock has a market capitalization of $569.13 million, a PE ratio of 9.44, a price-to-earnings-growth ratio of 0.25 and a beta of 1.78. The company has a quick ratio of 152.83, a current ratio of 156.81 and a debt-to-equity ratio of 2.14.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $34.74 million for the quarter, compared to analysts’ expectations of $27.98 million. As a group, equities analysts predict that TPG RE Finance Trust will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 13.56%. The ex-dividend date of this dividend is Friday, March 28th. TPG RE Finance Trust’s payout ratio is 128.00%.

Institutional Investors Weigh In On TPG RE Finance Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. New Age Alpha Advisors LLC purchased a new stake in TPG RE Finance Trust during the 4th quarter valued at $43,000. McIlrath & Eck LLC bought a new stake in shares of TPG RE Finance Trust in the 3rd quarter worth about $58,000. KLP Kapitalforvaltning AS purchased a new position in shares of TPG RE Finance Trust during the 4th quarter worth about $75,000. Virtu Financial LLC bought a new position in TPG RE Finance Trust during the 4th quarter valued at about $85,000. Finally, Stratos Wealth Partners LTD. lifted its stake in TPG RE Finance Trust by 20.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company’s stock worth $131,000 after purchasing an additional 2,623 shares during the last quarter. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

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.