TPG RE Finance Trust, Inc. (TRTX) to Issue Quarterly Dividend of $0.24 on April 25th

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 paid a dividend of 0.24 per share on Friday, April 25th. This represents a $0.96 annualized dividend and a yield of 11.28%. The ex-dividend date of this dividend is Friday, March 28th.

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

TPG RE Finance Trust Stock Performance

Shares of TRTX stock opened at $8.51 on Wednesday. TPG RE Finance Trust has a 1-year low of $6.99 and a 1-year high of $9.66. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14. The stock has a market cap of $689.34 million, a price-to-earnings ratio of 11.35, a PEG ratio of 0.25 and a beta of 2.23. The stock has a 50-day moving average of $8.49 and a 200-day moving average of $8.63.

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

Wall Street Analysts Forecast Growth

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