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

TPG RE Finance Trust, Inc. (NYSE:TRTX) declared a quarterly dividend on Friday, March 14th, RTT News reports. Investors 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 by an average of 1.5% annually over the last three years. TPG RE Finance Trust has a dividend 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 Price Performance

NYSE:TRTX opened at $8.54 on Friday. TPG RE Finance Trust has a 52 week low of $6.99 and a 52 week high of $9.66. The firm has a market cap of $691.37 million, a price-to-earnings ratio of 11.38, a P/E/G ratio of 0.25 and a beta of 2.23. The firm’s 50-day simple moving average is $8.48 and its 200 day simple moving average is $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 released its earnings results on Tuesday, February 18th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.18). TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. The firm had revenue of $34.74 million during the quarter, compared to the consensus estimate of $27.98 million. As a group, sell-side analysts predict that TPG RE Finance Trust will post 0.99 earnings per share for the current year.

Analyst Ratings Changes

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