TPG RE Finance Trust, Inc. (NYSE:TRTX) Short Interest Update

TPG RE Finance Trust, Inc. (NYSE:TRTX) was the recipient of a significant drop in short interest during the month of 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. Based on an average daily volume of 706,300 shares, the short-interest ratio is presently 3.4 days. Currently, 4.0% of the shares of the company are sold short.

Institutional Trading of TPG RE Finance Trust

Institutional investors have recently modified their holdings of the stock. TFO Wealth Partners LLC grew its position in shares of TPG RE Finance Trust by 35,280.0% in the fourth 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. acquired a new position in TPG RE Finance Trust during the third quarter worth about $70,000. Quantbot Technologies LP acquired a new position in TPG RE Finance Trust during the third quarter worth about $80,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in TPG RE Finance Trust by 51.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,186 shares of the company’s stock worth $99,000 after acquiring an additional 5,128 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in TPG RE Finance Trust by 1,094.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,657 shares of the company’s stock worth $102,000 after acquiring an additional 14,346 shares during the last quarter. Institutional investors and hedge funds own 57.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TRTX. JPMorgan Chase & Co. raised their target price on shares of TPG RE Finance Trust from $7.00 to $7.50 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Bank of America reissued an “underperform” rating and set a $6.50 target price on shares of TPG RE Finance Trust in a report on Monday, March 4th. Raymond James cut 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 report on Friday, April 12th. Finally, Wells Fargo & Company lifted their price objective on shares of TPG RE Finance Trust from $6.00 to $7.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, TPG RE Finance Trust currently has a consensus rating of “Hold” and an average target price of $7.70.

TPG RE Finance Trust Stock Performance

TRTX traded down $0.27 on Tuesday, reaching $7.35. The stock had a trading volume of 458,885 shares, compared to its average volume of 632,735. TPG RE Finance Trust has a 12-month low of $4.64 and a 12-month high of $8.12. The company has a current ratio of 158.41, a quick ratio of 158.41 and a debt-to-equity ratio of 2.46. The business’s 50-day moving average price is $7.45 and its two-hundred day moving average price is $6.54. The company has a market cap of $572.34 million, a P/E ratio of -4.34 and a beta of 2.10.

TPG RE Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, March 28th were given a $0.24 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.96 annualized dividend and a dividend yield of 13.06%. TPG RE Finance Trust’s dividend payout ratio (DPR) is -56.80%.

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.