TPG RE Finance Trust Inc (NYSE:TRTX) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 668,600 shares, a drop of 10.1% from the May 30th total of 744,100 shares. Based on an average daily volume of 298,500 shares, the short-interest ratio is presently 2.2 days. Currently, 1.3% of the company’s stock are short sold.
Shares of NYSE TRTX opened at $19.78 on Friday. The stock has a market cap of $1.44 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 2.27 and a beta of 0.32. The company has a debt-to-equity ratio of 2.48, a current ratio of 89.90 and a quick ratio of 89.90. The business’s 50-day simple moving average is $19.53. TPG RE Finance Trust has a 1 year low of $17.81 and a 1 year high of $20.89.
TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.43 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.43. The company had revenue of $37.23 million during the quarter, compared to the consensus estimate of $37.64 million. TPG RE Finance Trust had a return on equity of 8.39% and a net margin of 38.79%. TPG RE Finance Trust’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 EPS. Equities analysts anticipate that TPG RE Finance Trust will post 1.75 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date is Thursday, June 27th. TPG RE Finance Trust’s dividend payout ratio (DPR) is 101.18%.
Separately, Zacks Investment Research lowered W. R. Grace & Co from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.
A number of hedge funds and other institutional investors have recently made changes to their positions in TRTX. First Republic Investment Management Inc. lifted its holdings in TPG RE Finance Trust by 3,303.9% during the 1st quarter. First Republic Investment Management Inc. now owns 8,476,320 shares of the company’s stock worth $166,136,000 after buying an additional 8,227,300 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of TPG RE Finance Trust during the first quarter worth about $13,272,000. Timbercreek Investment Management Inc. increased its position in shares of TPG RE Finance Trust by 86.7% during the second quarter. Timbercreek Investment Management Inc. now owns 993,197 shares of the company’s stock worth $19,268,000 after purchasing an additional 461,331 shares in the last quarter. Marshall Wace North America L.P. increased its position in shares of TPG RE Finance Trust by 2,489.1% during the first quarter. Marshall Wace North America L.P. now owns 374,457 shares of the company’s stock worth $7,339,000 after purchasing an additional 359,994 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of TPG RE Finance Trust by 95.5% during the fourth quarter. Bank of America Corp DE now owns 583,537 shares of the company’s stock worth $10,667,000 after purchasing an additional 285,006 shares in the last quarter. 58.64% of the stock is owned by 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 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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