TPG RE Finance Trust (NYSE:TRTX) Announces Quarterly Earnings Results, Misses Expectations By $0.18 EPS

TPG RE Finance Trust (NYSE:TRTX) announced its quarterly earnings results on Tuesday. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.18), Zacks reports. The company had revenue of $34.74 million during 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 7.55%.

TPG RE Finance Trust Price Performance

TPG RE Finance Trust stock opened at $8.27 on Thursday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 152.83 and a current ratio of 152.83. The firm has a market cap of $668.89 million, a P/E ratio of 11.02, a P/E/G ratio of 0.27 and a beta of 2.16. The business’s fifty day moving average is $8.55 and its two-hundred day moving average is $8.65. TPG RE Finance Trust has a 52 week low of $5.40 and a 52 week high of $9.66.

TPG RE Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, December 27th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 11.62%. The ex-dividend date was Friday, December 27th. TPG RE Finance Trust’s dividend payout ratio is currently 128.00%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their price target on TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $8.92.

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.