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

TPG RE Finance Trust, Inc. (NYSE:TRTX) announced a quarterly dividend on Friday, March 14th, RTT News reports. Shareholders 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 annualized dividend and a yield of 11.28%. The ex-dividend date of this dividend is Friday, March 28th.

TPG RE Finance Trust has raised its dividend by an average of 1.5% annually 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 Price Performance

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

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.18). The firm had revenue of $34.74 million during the quarter, compared to the consensus estimate of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. Equities research analysts expect that TPG RE Finance Trust will post 0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

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