TPG RE Finance Trust, Inc. (TRTX) To Go Ex-Dividend on December 27th

TPG RE Finance Trust, Inc. (NYSE:TRTX) announced a quarterly dividend on Tuesday, December 17th,Wall Street Journal reports. Shareholders of record on Friday, December 27th will be given a dividend of 0.24 per share on Friday, January 24th. This represents a $0.96 dividend on an annualized basis and a yield of 11.28%. The ex-dividend date is Friday, December 27th.

TPG RE Finance Trust has decreased its dividend by an average of 13.0% per year over the last three years. TPG RE Finance Trust has a dividend payout ratio of 87.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect TPG RE Finance Trust to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 91.4%.

TPG RE Finance Trust Stock Down 3.8 %

Shares of TRTX stock opened at $8.51 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 stock has a market cap of $688.70 million, a PE ratio of 12.33, a price-to-earnings-growth ratio of 0.25 and a beta of 2.17. The business’s fifty day moving average is $8.80 and its 200-day moving average is $8.73. TPG RE Finance Trust has a 1 year low of $5.12 and a 1 year high of $9.66.

Analyst Ratings Changes

TRTX has been the topic of several research reports. JPMorgan Chase & Co. upgraded shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $9.00 to $9.50 in a research report on Thursday, October 17th. JMP Securities boosted their target price on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $9.08.

About TPG RE Finance Trust

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.