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

TPG RE Finance Trust, Inc. (NYSE:TRTX) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 3,146,921 shares, a decrease of 17.9% from the January 15th total of 3,834,257 shares. Currently, 4.1% of the shares of the company are short sold. Based on an average daily trading volume, of 864,713 shares, the short-interest ratio is presently 3.6 days. Based on an average daily trading volume, of 864,713 shares, the short-interest ratio is presently 3.6 days. Currently, 4.1% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

TRTX has been the topic of a number of research analyst reports. Weiss Ratings cut TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 9th. Zacks Research downgraded shares of TPG RE Finance Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of TPG RE Finance Trust from $10.00 to $10.50 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $10.75.

TPG RE Finance Trust Stock Performance

NYSE TRTX traded up $0.01 on Monday, reaching $8.85. The stock had a trading volume of 535,963 shares, compared to its average volume of 692,673. The company has a debt-to-equity ratio of 2.61, a current ratio of 166.64 and a quick ratio of 166.64. The company has a market cap of $692.21 million, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 1.70 and a beta of 1.53. The firm has a fifty day moving average of $9.01 and a two-hundred day moving average of $8.99. TPG RE Finance Trust has a 1-year low of $6.47 and a 1-year high of $9.85.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, December 26th were paid a $0.24 dividend. The ex-dividend date was Friday, December 26th. This represents a $0.96 annualized dividend and a dividend yield of 10.9%. TPG RE Finance Trust’s dividend payout ratio is 147.69%.

Institutional Trading of TPG RE Finance Trust

Institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new position in shares of TPG RE Finance Trust during the 4th quarter worth approximately $30,000. CWM LLC raised its position in shares of TPG RE Finance Trust by 473.7% in the second quarter. CWM LLC now owns 3,517 shares of the company’s stock valued at $27,000 after buying an additional 2,904 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of TPG RE Finance Trust by 2,454.1% in the third quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock valued at $51,000 after buying an additional 5,718 shares during the period. BNP Paribas Financial Markets grew its position in TPG RE Finance Trust by 86.6% during the second quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock worth $50,000 after buying an additional 3,013 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in TPG RE Finance Trust by 249.1% during the second quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock worth $53,000 after buying an additional 4,865 shares in the last quarter. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.