TPG RE Finance Trust Inc (NYSE:TRTX) Short Interest Up 7.5% in September

TPG RE Finance Trust Inc (NYSE:TRTX) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 1,150,000 shares, an increase of 7.5% from the August 15th total of 1,070,000 shares. Based on an average daily trading volume, of 289,800 shares, the short-interest ratio is currently 4.0 days. Currently, 2.0% of the shares of the company are sold short.

Separately, Zacks Investment Research raised shares of TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd.

Shares of NYSE TRTX traded up $0.05 during midday trading on Monday, reaching $19.89. The company had a trading volume of 4,200 shares, compared to its average volume of 237,138. The company has a current ratio of 41.04, a quick ratio of 41.04 and a debt-to-equity ratio of 2.86. The business’s 50-day simple moving average is $19.77 and its 200 day simple moving average is $19.68. TPG RE Finance Trust has a 1 year low of $17.81 and a 1 year high of $20.56. The stock has a market cap of $1.45 billion, a P/E ratio of 11.69, a P/E/G ratio of 2.30 and a beta of 0.34.

TPG RE Finance Trust (NYSE:TRTX) last issued its earnings results on Monday, July 29th. The company reported $0.43 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. TPG RE Finance Trust had a net margin of 37.63% and a return on equity of 8.38%. The firm had revenue of $42.24 million during the quarter, compared to analysts’ expectations of $41.19 million. During the same quarter last year, the company posted $0.44 earnings per share. Analysts predict that TPG RE Finance Trust will post 1.73 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, September 27th will be issued a dividend of $0.43 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.72 annualized dividend and a dividend yield of 8.65%. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 101.18%.

Institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC raised its holdings in shares of TPG RE Finance Trust by 977.1% during the second quarter. Parallel Advisors LLC now owns 2,822 shares of the company’s stock worth $54,000 after purchasing an additional 2,560 shares during the last quarter. Royal Bank of Canada increased its holdings in TPG RE Finance Trust by 50.1% in the second quarter. Royal Bank of Canada now owns 3,002 shares of the company’s stock valued at $58,000 after buying an additional 1,002 shares in the last quarter. Quantamental Technologies LLC increased its holdings in TPG RE Finance Trust by 850.0% in the second quarter. Quantamental Technologies LLC now owns 3,800 shares of the company’s stock valued at $73,000 after buying an additional 3,400 shares in the last quarter. Quad Cities Investment Group LLC increased its holdings in TPG RE Finance Trust by 166.3% in the second quarter. Quad Cities Investment Group LLC now owns 4,868 shares of the company’s stock valued at $94,000 after buying an additional 3,040 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in TPG RE Finance Trust by 83.5% in the second quarter. Nisa Investment Advisors LLC now owns 6,212 shares of the company’s stock valued at $120,000 after buying an additional 2,827 shares in the last quarter. 52.32% of the stock is owned by hedge funds and other institutional investors.

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; and subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments secured by properties primarily in the office, mixed use, multifamily, industrial, retail, and hospitality real estate sectors.

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