TPG RE Finance Trust, Inc. (NYSE:TRTX) Short Interest Up 22.6% in March

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) saw a large growth in short interest in 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. Approximately 4.3% of the company's stock are sold short. Based on an average trading volume of 711,000 shares, the short-interest ratio is currently 4.0 days.

Institutional Trading of TPG RE Finance Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP purchased a new position in TPG RE Finance Trust during the 4th quarter worth approximately $5,983,000. Mackenzie Financial Corp boosted its holdings in shares of TPG RE Finance Trust by 299.0% in the fourth quarter. Mackenzie Financial Corp now owns 59,011 shares of the company's stock valued at $502,000 after acquiring an additional 44,222 shares during the period. Alpine Global Management LLC purchased a new position in shares of TPG RE Finance Trust during the fourth quarter worth approximately $317,000. PharVision Advisers LLC acquired a new position in shares of TPG RE Finance Trust in the 4th quarter valued at $460,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in TPG RE Finance Trust by 23.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,214 shares of the company's stock valued at $1,642,000 after purchasing an additional 37,282 shares during the last quarter. Institutional investors and hedge funds own 57.12% of the company's stock.

TPG RE Finance Trust Stock Down 1.3 %

TRTX traded down $0.09 on Thursday, reaching $7.23. The company's stock had a trading volume of 331,068 shares, compared to its average volume of 638,668. The company has a market capitalization of $580.86 million, a price-to-earnings ratio of 9.65, a P/E/G ratio of 0.25 and a beta of 1.78. TPG RE Finance Trust has a fifty-two week low of $6.47 and a fifty-two week high of $9.66. The company has a quick ratio of 152.83, a current ratio of 156.81 and a debt-to-equity ratio of 2.14. The stock has a 50 day moving average of $7.99 and a two-hundred day moving average of $8.43.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.18). The company had revenue of $34.74 million for the quarter, compared to analysts' expectations 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 forecast that TPG RE Finance Trust will post 0.99 EPS for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 13.29%. The ex-dividend date of this dividend is Friday, March 28th. TPG RE Finance Trust's payout ratio is 128.00%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their price objective on shares of 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 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.