Short Interest in TPG RE Finance Trust, Inc. (NYSE:TRTX) Drops By 26.8%

TPG RE Finance Trust, Inc. (NYSE:TRTX – Get Rating) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 488,600 shares, a decrease of 26.8% from the March 15th total of 667,500 shares. Based on an average trading volume of 376,200 shares, the short-interest ratio is currently 1.3 days. Approximately 0.8% of the company’s shares are short sold.

In other news, major shareholder China Investment Corp sold 1,000,000 shares of the stock in a transaction dated Thursday, January 20th. The shares were sold at an average price of $12.34, for a total transaction of $12,340,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Moors & Cabot Inc. purchased a new stake in shares of TPG RE Finance Trust during the third quarter valued at approximately $25,000. Public Employees Retirement System of Ohio raised its stake in shares of TPG RE Finance Trust by 40.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 4,181 shares of the company’s stock valued at $52,000 after purchasing an additional 1,210 shares during the period. Catalyst Capital Advisors LLC raised its stake in shares of TPG RE Finance Trust by 28.2% during the third quarter. Catalyst Capital Advisors LLC now owns 4,680 shares of the company’s stock valued at $58,000 after purchasing an additional 1,030 shares during the period. Royal Bank of Canada raised its stake in shares of TPG RE Finance Trust by 51.5% during the third quarter. Royal Bank of Canada now owns 6,230 shares of the company’s stock valued at $77,000 after purchasing an additional 2,119 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of TPG RE Finance Trust by 90.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,058 shares of the company’s stock valued at $124,000 after purchasing an additional 4,774 shares during the period. Hedge funds and other institutional investors own 71.28% of the company’s stock.

Several brokerages have recently weighed in on TRTX. Zacks Investment Research lowered shares of TPG RE Finance Trust from a “hold” rating to a “sell” rating in a report on Wednesday. Raymond James raised their price target on shares of TPG RE Finance Trust from $15.50 to $16.00 and gave the company a “strong-buy” rating in a report on Friday, January 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $14.20.

NYSE TRTX traded up $0.05 during mid-day trading on Friday, hitting $11.59. The company’s stock had a trading volume of 185,287 shares, compared to its average volume of 283,389. TPG RE Finance Trust has a 52-week low of $11.18 and a 52-week high of $14.55. The stock’s fifty day simple moving average is $11.82 and its two-hundred day simple moving average is $12.39. The company has a debt-to-equity ratio of 2.53, a current ratio of 360.86 and a quick ratio of 360.86. The firm has a market capitalization of $894.52 million, a P/E ratio of 13.48 and a beta of 1.78.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 25th. Investors of record on Tuesday, March 29th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, March 28th. This represents a $0.96 annualized dividend and a yield of 8.28%. TPG RE Finance Trust’s payout ratio is 111.63%.

TPG RE Finance Trust Company Profile (Get Rating)

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 office, multifamily, life science, mixed-use, hospitality, industrial, and retail real estate sectors.

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