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

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 11.25%.

TPG RE Finance Trust has increased its dividend payment by an average of 1.5% per year over the last three years. TPG RE Finance Trust has a 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 Stock Up 1.0 %

Shares of TPG RE Finance Trust stock opened at $8.54 on Friday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81. The stock has a market capitalization of $691.37 million, a PE ratio of 11.38, a price-to-earnings-growth ratio of 0.25 and a beta of 2.23. TPG RE Finance Trust has a 52-week low of $6.99 and a 52-week high of $9.66. The company has a 50-day simple moving average of $8.48 and a two-hundred day simple moving average of $8.65.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 earnings per share 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 company had revenue of $34.74 million for the quarter, compared to analysts’ expectations of $27.98 million. On average, analysts anticipate that TPG RE Finance Trust will post 0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

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