TPG RE Finance Trust, Inc. (NYSE:TRTX) Short Interest Down 17.1% in April

TPG RE Finance Trust, Inc. (NYSE:TRTX) was the recipient of a large decline in short interest in the month of 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. Based on an average trading volume of 706,300 shares, the short-interest ratio is presently 3.4 days. Currently, 4.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TRTX. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in TPG RE Finance Trust by 51.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,186 shares of the company’s stock worth $99,000 after acquiring an additional 5,128 shares during the last quarter. TFO Wealth Partners LLC boosted its holdings in TPG RE Finance Trust by 35,280.0% during 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 last quarter. BNP Paribas Financial Markets grew its position in TPG RE Finance Trust by 17.2% in the fourth quarter. BNP Paribas Financial Markets now owns 54,255 shares of the company’s stock valued at $353,000 after purchasing an additional 7,964 shares in the last quarter. SG Americas Securities LLC increased its stake in TPG RE Finance Trust by 29.2% in the 4th quarter. SG Americas Securities LLC now owns 35,403 shares of the company’s stock valued at $230,000 after buying an additional 8,007 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its position in TPG RE Finance Trust by 14.4% during the 3rd quarter. Penserra Capital Management LLC now owns 77,743 shares of the company’s stock worth $523,000 after buying an additional 9,805 shares in the last quarter. 57.12% of the stock is currently owned by institutional investors.

TPG RE Finance Trust Stock Up 1.0 %

TRTX traded up $0.08 during trading on Monday, hitting $7.63. The company had a trading volume of 329,648 shares, compared to its average volume of 634,858. The company has a current ratio of 158.41, a quick ratio of 158.41 and a debt-to-equity ratio of 2.46. TPG RE Finance Trust has a one year low of $4.64 and a one year high of $8.12. The firm’s 50-day moving average price is $7.42 and its 200 day moving average price is $6.53.

TPG RE Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, March 28th were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.96 annualized dividend and a dividend yield of 12.59%. TPG RE Finance Trust’s dividend payout ratio is currently -56.80%.

Wall Street Analysts Forecast Growth

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

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.