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 increase in short interest in 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. Based on an average trading volume of 574,800 shares, the short-interest ratio is presently 3.7 days. Approximately 3.2% of the company's shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Long Pond Capital LP boosted its stake in 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 worth $62,081,000 after purchasing an additional 3,938,800 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of TPG RE Finance Trust by 162.0% in the third quarter. Two Sigma Advisers LP now owns 1,282,500 shares of the company's stock worth $10,940,000 after buying an additional 793,000 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of TPG RE Finance Trust during the fourth quarter valued at approximately $5,983,000. Van ECK Associates Corp bought a new stake in shares of TPG RE Finance Trust during the fourth quarter valued at approximately $5,588,000. Finally, Solel Partners LP purchased a new position in TPG RE Finance Trust in the 4th quarter worth approximately $5,097,000. Hedge funds and other institutional investors own 57.12% of the company's stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their price objective 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, TPG RE Finance Trust has a consensus rating of "Buy" and an average target price of $9.40.

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TPG RE Finance Trust Stock Down 0.8 %

TRTX traded down $0.07 during trading on Friday, reaching $8.44. The stock had a trading volume of 1,104,681 shares, compared to its average volume of 581,544. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $683.27 million, a price-to-earnings ratio of 11.25, a P/E/G ratio of 0.25 and a beta of 2.23. The stock's 50 day moving average is $8.49 and its two-hundred day moving average is $8.63. TPG RE Finance Trust has a one year low of $6.99 and a one year high of $9.66.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $34.74 million during 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%. As a group, analysts expect 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. Investors of record on Friday, March 28th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 11.38%. The ex-dividend date of this dividend is Friday, March 28th. TPG RE Finance Trust's dividend payout ratio (DPR) is presently 128.00%.

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.