Short Interest in TPG RE Finance Trust, Inc. (NYSE:TRTX) Increases By 22.6%

TPG RE Finance Trust, Inc. (NYSE:TRTX) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 2,820,000 shares, a growth of 22.6% from the March 15th total of 2,300,000 shares. Approximately 4.3% of the company’s shares are sold short. Based on an average daily trading volume, of 711,000 shares, the days-to-cover ratio is currently 4.0 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Long Pond Capital LP increased its holdings in shares of TPG RE Finance Trust by 117.1% during the fourth quarter. Long Pond Capital LP now owns 7,303,626 shares of the company’s stock valued at $62,081,000 after acquiring an additional 3,938,800 shares in the last quarter. Wellington Management Group LLP acquired a new position in TPG RE Finance Trust during the 4th quarter valued at approximately $5,983,000. Van ECK Associates Corp purchased a new position in shares of TPG RE Finance Trust in the fourth quarter worth $5,588,000. Solel Partners LP purchased a new stake in shares of TPG RE Finance Trust during the fourth quarter valued at $5,097,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of TPG RE Finance Trust by 90.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,019,924 shares of the company’s stock valued at $8,669,000 after acquiring an additional 485,690 shares during the period. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Stock Down 1.3 %

TPG RE Finance Trust stock traded down $0.09 during midday trading on Monday, hitting $7.08. 521,316 shares of the company’s stock were exchanged, compared to its average volume of 638,458. TPG RE Finance Trust has a 12 month low of $6.47 and a 12 month high of $9.66. 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 company has a market cap of $569.13 million, a PE ratio of 9.44, a P/E/G ratio of 0.25 and a beta of 1.78. The firm has a 50-day moving average of $8.08 and a two-hundred day moving average of $8.45.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). The company had revenue of $34.74 million for the quarter, compared to the consensus estimate 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 expect that TPG RE Finance Trust will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 13.56%. TPG RE Finance Trust’s dividend payout ratio is presently 128.00%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their target price on shares of TPG RE Finance Trust from $8.50 to $7.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th.

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 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.