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

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 2,430,000 shares, a drop of 17.1% from the March 31st total of 2,930,000 shares. Approximately 4.0% of the company's stock are sold short. Based on an average daily volume of 706,300 shares, the short-interest ratio is currently 3.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. TFO Wealth Partners LLC raised its position in shares of TPG RE Finance Trust by 35,280.0% during the 4th quarter. TFO Wealth Partners LLC now owns 7,076 shares of the company's stock valued at $46,000 after purchasing an additional 7,056 shares during the period. Principal Financial Group Inc. bought a new stake in shares of TPG RE Finance Trust during the 3rd quarter valued at $70,000. Quantbot Technologies LP bought a new stake in shares of TPG RE Finance Trust during the 3rd quarter valued at $80,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of TPG RE Finance Trust by 51.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,186 shares of the company's stock valued at $99,000 after purchasing an additional 5,128 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of TPG RE Finance Trust by 1,094.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,657 shares of the company's stock valued at $102,000 after purchasing an additional 14,346 shares during the period. Hedge funds and other institutional investors own 57.12% of the company's stock.

Analysts Set New Price Targets

TRTX has been the subject of a number of analyst reports. Wells Fargo & Company raised their target price on shares of TPG RE Finance Trust from $6.00 to $7.00 and gave the company an "overweight" rating in a research note on Thursday, February 22nd. Raymond James downgraded shares of TPG RE Finance Trust from a "strong-buy" rating to an "outperform" rating and set a $8.50 target price for the company. in a research note on Friday, April 12th. Bank of America reaffirmed an "underperform" rating and set a $6.50 target price on shares of TPG RE Finance Trust in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. increased their price target on shares of TPG RE Finance Trust from $7.00 to $7.50 and gave the company a "neutral" rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $7.70.

TPG RE Finance Trust Stock Performance

Shares of TPG RE Finance Trust stock remained flat at $7.55 on Friday. 300,331 shares of the stock traded hands, compared to its average volume of 479,349. The firm has a 50-day moving average of $7.42 and a 200-day moving average of $6.53. The company has a market capitalization of $587.92 million, a PE ratio of -4.47 and a beta of 2.10. TPG RE Finance Trust has a 1-year low of $4.64 and a 1-year high of $8.12. The company has a debt-to-equity ratio of 2.46, a current ratio of 158.41 and a quick ratio of 158.41.

TPG RE Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 12.72%. The ex-dividend date of this dividend was Wednesday, March 27th. TPG RE Finance Trust's dividend payout ratio is presently -56.80%.

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.