TPG RE Finance Trust (TRTX) Set to Announce Earnings on Tuesday

TPG RE Finance Trust (NYSE:TRTX) will announce its earnings results after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

TPG RE Finance Trust Price Performance

TRTX opened at $9.00 on Monday. The company has a quick ratio of 138.05, a current ratio of 138.05 and a debt-to-equity ratio of 2.25. TPG RE Finance Trust has a 12-month low of $4.64 and a 12-month high of $9.66. The stock has a fifty day moving average of $8.72 and a 200-day moving average of $7.71. The firm has a market capitalization of $722.16 million, a P/E ratio of -5.73 and a beta of 2.19.

TPG RE Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, June 27th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.96 dividend on an annualized basis and a yield of 10.67%. TPG RE Finance Trust’s payout ratio is -61.15%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Raymond James cut TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 price objective for the company. in a research report on Friday, April 12th. Wells Fargo & Company lifted their price objective on TPG RE Finance Trust from $7.00 to $9.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. BTIG Research reissued a “buy” rating and set a $11.00 price objective on shares of TPG RE Finance Trust in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. lifted their price objective on TPG RE Finance Trust from $7.00 to $7.50 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.58.

Insider Buying and Selling at TPG RE Finance Trust

In other TPG RE Finance Trust news, major shareholder Starwood Capital Group Global sold 9,352,941 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $8.84, for a total transaction of $82,679,998.44. Following the transaction, the insider now directly owns 2,647,059 shares in the company, valued at $23,400,001.56. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.50% of the company’s stock.

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.