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

TPG RE Finance Trust, Inc. (NYSE:TRTX) declared a quarterly dividend on Friday, June 12th. Stockholders of record on Friday, June 26th will be given a dividend of 0.24 per share on Friday, July 24th. This represents a c) annualized dividend and a dividend yield of 11.1%. The ex-dividend date of this dividend is Friday, June 26th.

TPG RE Finance Trust has decreased its dividend by an average of 0.1%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 analysts expect TPG RE Finance Trust to earn $1.03 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 93.2%.

TPG RE Finance Trust Stock Performance

TRTX opened at $8.62 on Wednesday. The company has a market cap of $666.41 million, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 1.74 and a beta of 1.41. The company has a quick ratio of 201.40, a current ratio of 201.40 and a debt-to-equity ratio of 3.11. The firm’s 50-day moving average price is $8.40 and its 200-day moving average price is $8.56. TPG RE Finance Trust has a 52-week low of $7.57 and a 52-week high of $9.85.

TPG RE Finance Trust (NYSE:TRTX) last released its earnings results on Tuesday, April 28th. The company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. The company had revenue of $37.31 million during the quarter, compared to analysts’ expectations of $37.15 million. TPG RE Finance Trust had a net margin of 19.38% and a return on equity of 6.91%. As a group, equities analysts anticipate that TPG RE Finance Trust will post 0.93 EPS for the current fiscal year.

Institutional Investors Weigh In On TPG RE Finance Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC acquired a new position in shares of TPG RE Finance Trust in the 1st quarter valued at about $127,000. Goldman Sachs Group Inc. grew its holdings in TPG RE Finance Trust by 5.1% during the first quarter. Goldman Sachs Group Inc. now owns 3,930,865 shares of the company’s stock worth $32,037,000 after acquiring an additional 192,126 shares during the period. Strs Ohio purchased a new position in TPG RE Finance Trust during the first quarter valued at approximately $87,000. Rhumbline Advisers raised its position in TPG RE Finance Trust by 27.3% during the second quarter. Rhumbline Advisers now owns 115,146 shares of the company’s stock valued at $889,000 after acquiring an additional 24,691 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in TPG RE Finance Trust by 11.9% in the second quarter. Hsbc Holdings PLC now owns 40,674 shares of the company’s stock valued at $312,000 after acquiring an additional 4,333 shares during the period. 57.12% of the stock is owned by institutional investors and hedge funds.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.