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

TPG RE Finance Trust, Inc. (NYSE:TRTX) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 1,750,000 shares, a decline of 12.1% from the January 31st total of 1,990,000 shares. Approximately 2.7% of the company’s stock are short sold. Based on an average trading volume of 542,200 shares, the days-to-cover ratio is presently 3.2 days.

Analyst Ratings Changes

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

TPG RE Finance Trust Stock Performance

TRTX opened at $8.59 on Friday. TPG RE Finance Trust has a 1 year low of $6.99 and a 1 year high of $9.66. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. The company has a market capitalization of $695.42 million, a PE ratio of 11.45, a price-to-earnings-growth ratio of 0.25 and a beta of 2.23. The business has a fifty day simple moving average of $8.48 and a 200 day simple moving average of $8.66.

TPG RE Finance Trust (NYSE:TRTX) last released its earnings results on Tuesday, February 18th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.18). The firm had revenue of $34.74 million during the quarter, compared to the consensus estimate of $27.98 million. TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. Research analysts expect that TPG RE Finance Trust will post 0.99 EPS for the current year.

TPG RE Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, December 27th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.96 dividend on an annualized basis and a yield of 11.18%. TPG RE Finance Trust’s dividend payout ratio is currently 128.00%.

Hedge Funds Weigh In On TPG RE Finance Trust

Large investors have recently bought and sold shares of the company. New Age Alpha Advisors LLC bought a new stake in TPG RE Finance Trust in the fourth quarter valued at approximately $43,000. Meeder Asset Management Inc. grew its stake in shares of TPG RE Finance Trust by 88.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 5,847 shares of the company’s stock worth $50,000 after acquiring an additional 2,742 shares in the last quarter. McIlrath & Eck LLC bought a new position in shares of TPG RE Finance Trust in the third quarter valued at approximately $58,000. KLP Kapitalforvaltning AS bought a new stake in shares of TPG RE Finance Trust during the 4th quarter worth $75,000. Finally, Virtu Financial LLC bought a new position in shares of TPG RE Finance Trust during the 4th quarter valued at approximately $85,000. 57.12% of the stock is currently owned by 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.