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

TPG RE Finance Trust, Inc. (NYSE:TRTX) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 2,430,000 shares, a decline of 17.1% from the March 31st total of 2,930,000 shares. Currently, 4.0% of the company’s stock are sold short. Based on an average daily volume of 706,300 shares, the short-interest ratio is currently 3.4 days.

Institutional Investors Weigh In On TPG RE Finance Trust

Institutional investors have recently made changes to their positions in the stock. TFO Wealth Partners LLC increased its holdings in shares of TPG RE Finance Trust by 35,280.0% in the fourth quarter. TFO Wealth Partners LLC now owns 7,076 shares of the company’s stock worth $46,000 after purchasing an additional 7,056 shares during the period. Principal Financial Group Inc. bought a new position in shares of TPG RE Finance Trust in the third quarter worth $70,000. Quantbot Technologies LP bought a new position in shares of TPG RE Finance Trust in the third quarter worth $80,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of TPG RE Finance Trust by 51.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,186 shares of the company’s stock worth $99,000 after purchasing an additional 5,128 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of TPG RE Finance Trust by 1,094.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 15,657 shares of the company’s stock worth $102,000 after purchasing an additional 14,346 shares during the period. Hedge funds and other institutional investors own 57.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TRTX shares. Raymond James lowered TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 target price for the company. in a report on Friday, April 12th. Wells Fargo & Company upped their price objective on TPG RE Finance Trust from $6.00 to $7.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Bank of America reiterated an “underperform” rating and issued a $6.50 price objective on shares of TPG RE Finance Trust in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. upped their price objective on TPG RE Finance Trust from $7.00 to $7.50 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.70.

TPG RE Finance Trust Stock Performance

Shares of NYSE:TRTX traded down $0.27 during trading on Tuesday, hitting $7.35. 458,885 shares of the company were exchanged, compared to its average volume of 632,735. The company has a market cap of $572.34 million, a PE ratio of -4.34 and a beta of 2.10. The stock has a 50 day moving average of $7.45 and a 200 day moving average of $6.54. TPG RE Finance Trust has a 52-week low of $4.64 and a 52-week high of $8.12. The company has a debt-to-equity ratio of 2.46, a current ratio of 158.41 and a quick ratio of 158.41.

TPG RE Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, March 28th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.96 annualized dividend and a dividend yield of 13.06%. TPG RE Finance Trust’s dividend payout ratio is currently -56.80%.

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.