TPG RE Finance Trust, Inc. (NYSE:TRTX) Declares Quarterly Dividend of $0.24

TPG RE Finance Trust, Inc. (NYSE:TRTX) declared a quarterly dividend on Friday, March 14th, RTT News reports. Shareholders of record on Friday, March 28th will be given a dividend of 0.24 per share on Friday, April 25th. This represents a $0.96 dividend on an annualized basis and a yield of 11.25%.

TPG RE Finance Trust has increased its dividend payment by an average of 1.5% per year over the last three years. TPG RE Finance Trust has a payout ratio of 88.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

TPG RE Finance Trust Stock Performance

Shares of TPG RE Finance Trust stock traded up $0.09 during trading on Friday, hitting $8.54. 793,829 shares of the company’s stock were exchanged, compared to its average volume of 583,866. The stock has a market capitalization of $691.37 million, a price-to-earnings ratio of 11.38, a PEG ratio of 0.25 and a beta of 2.23. TPG RE Finance Trust has a 52-week low of $6.99 and a 52-week high of $9.66. The business has a 50-day simple moving average of $8.48 and a 200-day simple moving average of $8.65. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. The firm had revenue of $34.74 million for the quarter, compared to analyst estimates of $27.98 million. On average, research analysts forecast that TPG RE Finance Trust will post 0.99 EPS for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their price objective on TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $9.40.

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.