TPG RE Finance Trust, Inc. (NYSE:TRTX) Short Interest Down 17.9% in January

TPG RE Finance Trust, Inc. (NYSE:TRTX) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 3,146,921 shares, a decrease of 17.9% from the January 15th total of 3,834,257 shares. Currently, 4.1% of the shares of the stock are short sold. Based on an average daily volume of 864,713 shares, the short-interest ratio is presently 3.6 days. Based on an average daily volume of 864,713 shares, the short-interest ratio is presently 3.6 days. Currently, 4.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On TPG RE Finance Trust

A number of institutional investors and hedge funds have recently modified their holdings of TRTX. VARCOV Co. acquired a new position in TPG RE Finance Trust in the fourth quarter valued at $448,000. Wellington Management Group LLP grew its stake in TPG RE Finance Trust by 1.4% during the 4th quarter. Wellington Management Group LLP now owns 730,452 shares of the company’s stock worth $6,289,000 after buying an additional 10,338 shares during the last quarter. Tudor Investment Corp ET AL increased its position in TPG RE Finance Trust by 152.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 94,236 shares of the company’s stock worth $811,000 after buying an additional 56,937 shares during the period. Millennium Management LLC lifted its stake in TPG RE Finance Trust by 2,595.3% in the fourth quarter. Millennium Management LLC now owns 358,749 shares of the company’s stock valued at $3,089,000 after buying an additional 345,439 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its holdings in shares of TPG RE Finance Trust by 319.2% in the fourth quarter. Engineers Gate Manager LP now owns 91,025 shares of the company’s stock valued at $784,000 after acquiring an additional 69,312 shares during the period. Institutional investors and hedge funds own 57.12% of the company’s stock.

Wall Street Analysts Forecast Growth

TRTX has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price target on shares of TPG RE Finance Trust from $10.00 to $10.50 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Weiss Ratings lowered shares of TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. Finally, Zacks Research downgraded shares of TPG RE Finance Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.75.

TPG RE Finance Trust Trading Down 3.9%

Shares of TRTX stock traded down $0.35 during trading hours on Wednesday, hitting $8.46. The company had a trading volume of 2,215,989 shares, compared to its average volume of 773,191. The company has a debt-to-equity ratio of 2.61, a current ratio of 166.64 and a quick ratio of 166.64. The stock has a market capitalization of $662.32 million, a PE ratio of 13.02, a price-to-earnings-growth ratio of 1.70 and a beta of 1.53. The company’s fifty day moving average is $9.01 and its 200 day moving average is $8.99. TPG RE Finance Trust has a fifty-two week low of $6.47 and a fifty-two week high of $9.85.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). TPG RE Finance Trust had a return on equity of 6.37% and a net margin of 20.46%.The business had revenue of $35.04 million for the quarter, compared to analysts’ expectations of $27.15 million. Research analysts expect that TPG RE Finance Trust will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, December 26th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date was Friday, December 26th. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 171.43%.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.