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

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 1,450,000 shares, a drop of 35.8% from the December 31st total of 2,260,000 shares. Based on an average daily trading volume, of 561,600 shares, the days-to-cover ratio is currently 2.6 days. Approximately 2.2% of the company's shares are sold short.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Citigroup Inc. increased its position in shares of TPG RE Finance Trust by 1.3% in the 3rd quarter. Citigroup Inc. now owns 1,901,741 shares of the company's stock valued at $16,222,000 after acquiring an additional 25,115 shares during the period. Geode Capital Management LLC lifted its position in shares of TPG RE Finance Trust by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,456,883 shares of the company's stock valued at $12,430,000 after buying an additional 88,592 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of TPG RE Finance Trust by 162.0% during the third quarter. Two Sigma Advisers LP now owns 1,282,500 shares of the company's stock worth $10,940,000 after purchasing an additional 793,000 shares in the last quarter. Millennium Management LLC raised its stake in TPG RE Finance Trust by 30.3% in the 2nd quarter. Millennium Management LLC now owns 1,174,646 shares of the company's stock valued at $10,149,000 after purchasing an additional 273,086 shares during the last quarter. Finally, Van ECK Associates Corp acquired a new position in TPG RE Finance Trust during the fourth quarter worth about $5,588,000. 57.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their price objective on shares of TPG RE Finance Trust from $9.50 to $8.50 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $8.92.

TPG RE Finance Trust Trading Up 2.7 %

TRTX stock traded up $0.23 during midday trading on Tuesday, reaching $8.56. The company's stock had a trading volume of 414,640 shares, compared to its average volume of 458,871. The stock has a fifty day simple moving average of $8.67 and a two-hundred day simple moving average of $8.68. The company has a debt-to-equity ratio of 2.03, a quick ratio of 152.83 and a current ratio of 152.83. The firm has a market capitalization of $692.36 million, a price-to-earnings ratio of 12.40, a PEG ratio of 0.26 and a beta of 2.16. TPG RE Finance Trust has a 1 year low of $5.12 and a 1 year high of $9.66.

TPG RE Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders 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 annualized dividend and a dividend yield of 11.22%. TPG RE Finance Trust's payout ratio is presently 139.13%.

About TPG RE Finance Trust

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.