TPG RE Finance Trust, Inc. (NYSE:TRTX) Short Interest Up 20.6% in February

TPG RE Finance Trust, Inc. (NYSE:TRTX) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 2,110,000 shares, a growth of 20.6% from the February 13th total of 1,750,000 shares. Based on an average daily trading volume, of 574,800 shares, the short-interest ratio is presently 3.7 days. Currently, 3.2% of the company’s shares are short sold.

Hedge Funds Weigh In On TPG RE Finance Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp boosted its position in TPG RE Finance Trust by 299.0% in the 4th quarter. Mackenzie Financial Corp now owns 59,011 shares of the company’s stock valued at $502,000 after buying an additional 44,222 shares during the period. Alpine Global Management LLC purchased a new stake in shares of TPG RE Finance Trust during the 4th quarter worth $317,000. PharVision Advisers LLC purchased a new stake in shares of TPG RE Finance Trust during the 4th quarter worth $460,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of TPG RE Finance Trust by 23.9% during 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 worth $1,642,000 after purchasing an additional 37,282 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of TPG RE Finance Trust during the 4th quarter worth $203,000. Hedge funds and other institutional investors own 57.12% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their price target 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, According to MarketBeat.com, TPG RE Finance Trust currently has an average rating of “Buy” and a consensus price target of $9.40.

TPG RE Finance Trust Trading Down 0.3 %

Shares of NYSE:TRTX traded down $0.03 during mid-day trading on Tuesday, reaching $8.55. 661,950 shares of the company were exchanged, compared to its average volume of 580,554. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. The firm has a market cap of $692.18 million, a price-to-earnings ratio of 11.39, a P/E/G ratio of 0.25 and a beta of 2.23. The firm’s 50-day simple moving average is $8.48 and its 200 day simple moving average is $8.64. TPG RE Finance Trust has a 1 year low of $6.99 and a 1 year high of $9.66.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings data 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 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%. Equities research analysts forecast that TPG RE Finance Trust will post 0.99 EPS for the current year.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be given a $0.24 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.96 annualized dividend and a yield of 11.23%. TPG RE Finance Trust’s dividend payout ratio 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.