TPG RE Finance Trust, Inc. (NYSE:TRTX) Short Interest Down 12.1% in February

TPG RE Finance Trust, Inc. (NYSE:TRTX) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 1,750,000 shares, a decline of 12.1% from the January 31st total of 1,990,000 shares. Approximately 2.7% of the shares of the company are sold short. Based on an average trading volume of 542,200 shares, the short-interest ratio is presently 3.2 days.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut their price objective on 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, the company presently has an average rating of “Buy” and a consensus target price of $9.40.

Institutional Trading of TPG RE Finance Trust

Several hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp grew its holdings in TPG RE Finance Trust by 299.0% during the fourth quarter. Mackenzie Financial Corp now owns 59,011 shares of the company’s stock valued at $502,000 after purchasing an additional 44,222 shares during the period. Alpine Global Management LLC bought a new stake in TPG RE Finance Trust during the fourth quarter valued at about $317,000. PharVision Advisers LLC bought a new stake in TPG RE Finance Trust during the fourth quarter valued at about $460,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in TPG RE Finance Trust by 23.9% during the fourth 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. Finally, Squarepoint Ops LLC purchased a new position in shares of TPG RE Finance Trust in the fourth quarter valued at about $203,000. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Stock Performance

Shares of TRTX opened at $8.45 on Friday. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. TPG RE Finance Trust has a one year low of $6.99 and a one year high of $9.66. The firm has a market capitalization of $684.32 million, a P/E ratio of 11.26, a PEG ratio of 0.25 and a beta of 2.23. The business has a fifty day moving average of $8.48 and a 200 day moving average of $8.66.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.18). TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. The company had revenue of $34.74 million for the quarter, compared to the consensus estimate of $27.98 million. As a group, sell-side analysts anticipate that TPG RE Finance Trust will post 0.99 EPS for the current year.

TPG RE Finance Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, December 27th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 11.36%. The ex-dividend date of this dividend was Friday, December 27th. 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.