TPG RE Finance Trust, Inc. (NYSE:TRTX – Get Rating) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 784,400 shares, a decline of 20.5% from the November 30th total of 986,300 shares. Based on an average trading volume of 427,600 shares, the short-interest ratio is currently 1.8 days. Currently, 1.3% of the shares of the stock are short sold.
TPG RE Finance Trust Price Performance
Shares of TRTX stock traded down $0.10 on Friday, reaching $6.77. The company’s stock had a trading volume of 5,348 shares, compared to its average volume of 537,485. The company has a market capitalization of $524.07 million, a price-to-earnings ratio of -7.72 and a beta of 1.78. The stock’s fifty day simple moving average is $7.39 and its 200-day simple moving average is $8.54. The company has a current ratio of 177.12, a quick ratio of 177.12 and a debt-to-equity ratio of 2.86. TPG RE Finance Trust has a 1 year low of $6.31 and a 1 year high of $13.38.
TPG RE Finance Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Shareholders of record on Thursday, December 29th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 14.18%. TPG RE Finance Trust’s payout ratio is currently -110.34%.
Analyst Ratings Changes
A number of research firms recently commented on TRTX. Bank of America reissued a “neutral” rating and issued a $8.00 price target on shares of TPG RE Finance Trust in a report on Monday, November 21st. JPMorgan Chase & Co. lowered their target price on shares of TPG RE Finance Trust from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, November 3rd. BTIG Research cut shares of TPG RE Finance Trust from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 2nd. Finally, Raymond James decreased their price target on shares of TPG RE Finance Trust from $11.50 to $11.00 and set a “strong-buy” rating on the stock in a research note on Thursday, November 3rd. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.40.
Institutional Trading of TPG RE Finance Trust
Several hedge funds have recently made changes to their positions in the business. Wipfli Financial Advisors LLC purchased a new stake in TPG RE Finance Trust during the 3rd quarter valued at $25,000. Lazard Asset Management LLC bought a new position in TPG RE Finance Trust during the 1st quarter valued at about $32,000. Tower Research Capital LLC TRC raised its position in TPG RE Finance Trust by 168.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,808 shares of the company’s stock worth $34,000 after purchasing an additional 3,020 shares during the period. Acadian Asset Management LLC bought a new stake in TPG RE Finance Trust in the first quarter worth about $53,000. Finally, Catalyst Capital Advisors LLC boosted its position in shares of TPG RE Finance Trust by 23.0% during the third quarter. Catalyst Capital Advisors LLC now owns 8,440 shares of the company’s stock valued at $59,000 after buying an additional 1,580 shares during the period. 56.86% of the stock is currently owned by hedge funds and other institutional investors.
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 office, multifamily, life science, mixed-use, hospitality, industrial, and retail real estate sectors.
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