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

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

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their target price on shares of 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 investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $9.40.

Institutional Trading of TPG RE Finance Trust

Several institutional investors and hedge funds have recently modified their holdings of TRTX. Summit Global Investments purchased a new stake in shares of TPG RE Finance Trust during the third quarter valued at approximately $585,000. Los Angeles Capital Management LLC grew its position in TPG RE Finance Trust by 9.2% during the third quarter. Los Angeles Capital Management LLC now owns 154,722 shares of the company's stock valued at $1,320,000 after buying an additional 13,048 shares during the period. GSA Capital Partners LLP increased its holdings in TPG RE Finance Trust by 882.6% during the third quarter. GSA Capital Partners LLP now owns 206,078 shares of the company's stock worth $1,758,000 after buying an additional 185,105 shares during the last quarter. Meeder Asset Management Inc. raised its position in TPG RE Finance Trust by 88.3% in the third 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 during the period. Finally, Segall Bryant & Hamill LLC bought a new position in TPG RE Finance Trust during the third quarter valued at $2,318,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

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TPG RE Finance Trust Price Performance

Shares of TRTX traded down $0.11 during mid-day trading on Monday, reaching $8.49. The company had a trading volume of 1,199,219 shares, compared to its average volume of 577,363. The company's 50 day simple moving average is $8.48 and its 200 day simple moving average is $8.66. The company has a market capitalization of $687.32 million, a price-to-earnings ratio of 11.31, a P/E/G ratio of 0.25 and a beta of 2.23. 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 quick ratio of 152.83 and a current ratio of 156.81.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last posted its earnings results 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). The business had revenue of $34.74 million for the quarter, compared to the consensus estimate of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. Analysts expect that TPG RE Finance Trust will post 0.99 EPS for the current year.

TPG RE Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, December 27th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 11.31%. The ex-dividend date of this dividend was Friday, December 27th. TPG RE Finance Trust's payout ratio is currently 128.00%.

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.