TPG RE Finance Trust, Inc. (NYSE:TRTX) Expected to Post Earnings of $0.28 Per Share

Equities analysts expect TPG RE Finance Trust, Inc. (NYSE:TRTX) to post earnings per share (EPS) of $0.28 for the current quarter, Zacks reports. Two analysts have made estimates for TPG RE Finance Trust’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.29. TPG RE Finance Trust posted earnings per share of $0.42 in the same quarter last year, which would indicate a negative year over year growth rate of 33.3%. The firm is scheduled to announce its next earnings report on Wednesday, November 3rd.

On average, analysts expect that TPG RE Finance Trust will report full-year earnings of $1.10 per share for the current year, with EPS estimates ranging from $1.07 to $1.13. For the next fiscal year, analysts forecast that the company will report earnings of $1.18 per share, with EPS estimates ranging from $1.00 to $1.35. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow TPG RE Finance Trust.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings results on Tuesday, August 3rd. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. TPG RE Finance Trust had a return on equity of 11.90% and a net margin of 44.06%.

A number of equities research analysts have recently weighed in on TRTX shares. Zacks Investment Research downgraded TPG RE Finance Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, August 10th. BTIG Research restated a “buy” rating and set a $15.00 target price on shares of TPG RE Finance Trust in a research report on Sunday, September 19th. Finally, JMP Securities boosted their target price on TPG RE Finance Trust from $13.50 to $14.50 and gave the stock a “market outperform” rating in a research report on Friday, July 23rd. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $13.90.

In other news, major shareholder China Investment Corp sold 1,000,000 shares of the company’s stock in a transaction dated Tuesday, August 17th. The stock was sold at an average price of $12.33, for a total transaction of $12,330,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Citigroup Inc. increased its stake in shares of TPG RE Finance Trust by 7,427.2% during the second quarter. Citigroup Inc. now owns 1,561,445 shares of the company’s stock worth $21,001,000 after purchasing an additional 1,540,701 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of TPG RE Finance Trust during the first quarter worth approximately $8,473,000. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income bought a new position in shares of TPG RE Finance Trust during the second quarter worth approximately $9,732,000. BlackRock Inc. increased its stake in shares of TPG RE Finance Trust by 5.5% during the first quarter. BlackRock Inc. now owns 6,032,697 shares of the company’s stock worth $67,566,000 after purchasing an additional 314,387 shares during the period. Finally, Colony Capital Inc. bought a new position in TPG RE Finance Trust during the 1st quarter worth $2,999,000. 52.56% of the stock is owned by hedge funds and other institutional investors.

TPG RE Finance Trust stock traded up $0.22 on Monday, reaching $13.06. The company’s stock had a trading volume of 6,639 shares, compared to its average volume of 290,379. The company has a debt-to-equity ratio of 2.59, a quick ratio of 362.16 and a current ratio of 362.16. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 25.18 and a beta of 1.96. The business’s fifty day moving average price is $12.70 and its 200 day moving average price is $12.66. TPG RE Finance Trust has a twelve month low of $7.57 and a twelve month high of $14.55.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 22nd. Shareholders of record on Wednesday, September 29th will be issued a $0.24 dividend. This is an increase from TPG RE Finance Trust’s previous quarterly dividend of $0.20. This represents a $0.96 annualized dividend and a dividend yield of 7.35%. The ex-dividend date of this dividend is Tuesday, September 28th. TPG RE Finance Trust’s dividend payout ratio is -57.55%.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc is a holding company, which engages in the provision of commercial real estate finance services. It originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in North America. The company was founded on October 24, 2014 and is headquartered in New York, NY.

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