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

TPG RE Finance Trust, Inc. (NYSE:TRTX) was the recipient of a large growth in short interest in 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 trading volume of 574,800 shares, the days-to-cover ratio is presently 3.7 days. Currently, 3.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. New Age Alpha Advisors LLC acquired a new position in TPG RE Finance Trust in the fourth quarter valued at $43,000. Meeder Asset Management Inc. boosted its holdings in shares of TPG RE Finance Trust by 88.3% in the third quarter. Meeder Asset Management Inc. now owns 5,847 shares of the company’s stock valued at $50,000 after acquiring an additional 2,742 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in shares of TPG RE Finance Trust in the third quarter valued at about $58,000. KLP Kapitalforvaltning AS purchased a new stake in shares of TPG RE Finance Trust in the fourth quarter valued at about $75,000. Finally, Virtu Financial LLC purchased a new stake in shares of TPG RE Finance Trust in the fourth quarter valued at about $85,000. 57.12% of the stock is currently owned by institutional investors and hedge funds.

TPG RE Finance Trust Stock Performance

NYSE TRTX traded down $0.00 during trading on Wednesday, reaching $8.53. The company’s stock had a trading volume of 448,773 shares, compared to its average volume of 578,763. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81. The firm has a market cap of $690.88 million, a price-to-earnings ratio of 11.37, a P/E/G ratio of 0.25 and a beta of 2.23. TPG RE Finance Trust has a twelve month low of $6.99 and a twelve month high of $9.66. The business’s fifty day moving average price is $8.48 and its 200-day moving average price is $8.64.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). The business had revenue of $34.74 million during the quarter, compared to analyst estimates of $27.98 million. TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. As a group, analysts anticipate that TPG RE Finance Trust will post 0.99 EPS for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a yield of 11.26%. TPG RE Finance Trust’s dividend payout ratio is presently 128.00%.

Wall Street Analysts Forecast Growth

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 on the stock in a research note on Tuesday, January 21st. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, TPG RE Finance Trust currently has an average rating of “Buy” and a consensus price target of $9.40.

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.