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

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

Institutional Trading of TPG RE Finance Trust

Several institutional investors have recently made changes to their positions in TRTX. Wellington Management Group LLP purchased a new position in TPG RE Finance Trust during the fourth quarter worth about $5,983,000. Mackenzie Financial Corp grew 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 in the last quarter. Alpine Global Management LLC purchased a new stake in shares of TPG RE Finance Trust during the fourth quarter valued at approximately $317,000. PharVision Advisers LLC purchased a new position in TPG RE Finance Trust in the fourth quarter worth $460,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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 period. Institutional investors own 57.12% of the company's stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price target on TPG RE Finance Trust from $8.50 to $7.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th.

TPG RE Finance Trust Stock Down 1.0 %

NYSE TRTX traded down $0.08 during trading hours on Friday, hitting $7.20. The company's stock had a trading volume of 187,943 shares, compared to its average volume of 714,264. The company has a market capitalization of $578.37 million, a PE ratio of 9.59, a price-to-earnings-growth ratio of 0.25 and a beta of 1.78. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14. TPG RE Finance Trust has a 52 week low of $6.47 and a 52 week high of $9.66. The company's 50-day simple moving average is $7.97 and its two-hundred day simple moving average is $8.42.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.18). The company had revenue of $34.74 million during the quarter, compared to the consensus estimate of $27.98 million. TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. Research analysts anticipate 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 dividend on an annualized basis and a yield of 13.34%. The ex-dividend date of this dividend is Friday, March 28th. TPG RE Finance Trust's dividend payout ratio is 128.00%.

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.