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

TPG RE Finance Trust, Inc. (NYSE:TRTXGet Rating) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 592,700 shares, a growth of 27.5% from the April 15th total of 464,800 shares. Based on an average trading volume of 376,800 shares, the short-interest ratio is presently 1.6 days. Currently, 1.0% of the company’s stock are sold short.

Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in shares of TPG RE Finance Trust in the third quarter worth $2,254,000. Raymond James & Associates grew its position in TPG RE Finance Trust by 4.2% during the third quarter. Raymond James & Associates now owns 38,521 shares of the company’s stock valued at $477,000 after buying an additional 1,562 shares during the period. Geode Capital Management LLC grew its position in TPG RE Finance Trust by 3.0% during the third quarter. Geode Capital Management LLC now owns 1,068,425 shares of the company’s stock valued at $13,227,000 after buying an additional 31,256 shares during the period. Advisor Group Holdings Inc. grew its position in TPG RE Finance Trust by 12.3% during the third quarter. Advisor Group Holdings Inc. now owns 54,028 shares of the company’s stock valued at $668,000 after buying an additional 5,900 shares during the period. Finally, TCW Group Inc. grew its position in TPG RE Finance Trust by 24.8% during the fourth quarter. TCW Group Inc. now owns 1,466,904 shares of the company’s stock valued at $18,073,000 after buying an additional 291,104 shares during the period. Hedge funds and other institutional investors own 71.45% of the company’s stock.

Shares of NYSE:TRTX traded down $0.23 during midday trading on Wednesday, reaching $10.24. The company’s stock had a trading volume of 201,574 shares, compared to its average volume of 357,766. The firm has a market capitalization of $790.38 million, a PE ratio of 12.61 and a beta of 1.74. TPG RE Finance Trust has a twelve month low of $9.80 and a twelve month high of $14.55. The stock has a fifty day moving average of $11.28 and a 200 day moving average of $12.06. The company has a quick ratio of 322.10, a current ratio of 322.11 and a debt-to-equity ratio of 2.73.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 25th. Stockholders of record on Tuesday, March 29th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, March 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 9.38%. TPG RE Finance Trust’s payout ratio is currently 118.52%.

TRTX has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of TPG RE Finance Trust from a “buy” rating to a “hold” rating in a report on Tuesday, May 10th. Citigroup decreased their price target on shares of TPG RE Finance Trust from $14.00 to $12.00 in a report on Friday, May 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of TPG RE Finance Trust from $12.50 to $11.50 and set a “neutral” rating for the company in a report on Monday, April 25th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, TPG RE Finance Trust currently has a consensus rating of “Buy” and an average price target of $13.50.

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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