TPG RE Finance Trust, Inc. (NYSE:TRTX) to Issue Dividend Increase – $0.39 Per Share

TPG RE Finance Trust, Inc. (NYSE:TRTX) declared a quarterly dividend on Monday, September 8th, RTT News reports. Investors of record on Friday, September 19th will be paid a dividend of 0.3906 per share on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 16.1%. This is a 62.8% increase from TPG RE Finance Trust’s previous quarterly dividend of $0.24.

TPG RE Finance Trust has a payout ratio of 87.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

TPG RE Finance Trust Stock Performance

Shares of TRTX stock opened at $9.72 on Tuesday. TPG RE Finance Trust has a one year low of $6.47 and a one year high of $9.85. The company’s 50-day moving average is $8.71 and its 200 day moving average is $8.15. The company has a market capitalization of $763.50 million, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 2.60 and a beta of 1.68. The company has a debt-to-equity ratio of 2.75, a quick ratio of 193.29 and a current ratio of 193.29.

Institutional Trading of TPG RE Finance Trust

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of TPG RE Finance Trust by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 5,025,832 shares of the company’s stock valued at $40,961,000 after acquiring an additional 86,212 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of TPG RE Finance Trust by 5.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,930,865 shares of the company’s stock valued at $32,037,000 after acquiring an additional 192,126 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of TPG RE Finance Trust by 7.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,639,667 shares of the company’s stock valued at $12,660,000 after acquiring an additional 115,707 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of TPG RE Finance Trust by 23.6% during the 4th quarter. Two Sigma Advisers LP now owns 1,585,600 shares of the company’s stock valued at $13,478,000 after acquiring an additional 303,100 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of TPG RE Finance Trust by 9.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,454,008 shares of the company’s stock valued at $11,225,000 after acquiring an additional 129,651 shares during the last quarter. Hedge funds and other institutional investors own 57.12% of the company’s stock.

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.