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


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TPG RE Finance Trust, Inc. (NYSE:TRTX) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 711,400 shares, a decline of 16.9% from the March 31st total of 856,400 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average trading volume of 330,800 shares, the short-interest ratio is currently 2.2 days.

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in shares of TPG RE Finance Trust by 2.5% in the 4th quarter. BlackRock Inc. now owns 5,718,310 shares of the company’s stock valued at $60,729,000 after acquiring an additional 139,444 shares during the last quarter. Credit Suisse AG grew its holdings in shares of TPG RE Finance Trust by 9.3% in the fourth quarter. Credit Suisse AG now owns 1,635,202 shares of the company’s stock worth $17,364,000 after purchasing an additional 138,487 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of TPG RE Finance Trust by 59.9% in the fourth quarter. JPMorgan Chase & Co. now owns 797,749 shares of the company’s stock worth $8,472,000 after buying an additional 298,726 shares during the period. Gratia Capital LLC bought a new stake in TPG RE Finance Trust during the 4th quarter valued at $8,144,000. Finally, Q Global Advisors LLC bought a new stake in TPG RE Finance Trust during the 4th quarter valued at $8,128,000. 59.08% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have issued reports on the stock. BTIG Research began coverage on shares of TPG RE Finance Trust in a research note on Tuesday, February 2nd. They issued a “buy” rating and a $12.50 target price on the stock. JPMorgan Chase & Co. lifted their price objective on TPG RE Finance Trust from $11.00 to $11.50 and gave the company a “neutral” rating in a research note on Monday, April 26th. Finally, Zacks Investment Research cut TPG RE Finance Trust from a “buy” rating to a “hold” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $11.25.

TPG RE Finance Trust has a fifty-two week low of $5.14 and a fifty-two week high of $12.77. The company has a debt-to-equity ratio of 2.76, a current ratio of 304.82 and a quick ratio of 304.82. The company has a market cap of $973.50 million, a P/E ratio of -7.45 and a beta of 1.95. The stock’s 50-day moving average is $11.68 and its two-hundred day moving average is $10.56.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings results on Wednesday, February 24th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.19). TPG RE Finance Trust had a negative net margin of 41.56% and a negative return on equity of 6.29%. As a group, sell-side analysts predict that TPG RE Finance Trust will post -1.09 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 23rd. Shareholders of record on Friday, March 26th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of ∞. The ex-dividend date was Thursday, March 25th. TPG RE Finance Trust’s dividend payout ratio is currently 45.45%.

TPG RE Finance Trust Company Profile

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 North America. 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, mixed-use, hospitality, industrial, and retail real estate sectors.

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