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, June 8th. Stockholders of record on Thursday, June 18th will be paid a dividend of 0.3906 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 18.8%. The ex-dividend date of this dividend is Thursday, June 18th. This is a 62.8% increase from TPG RE Finance Trust’s previous quarterly dividend of $0.24.

TPG RE Finance Trust has decreased its dividend payment by an average of 0.1%per year over the last three years. TPG RE Finance Trust has a 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 research 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 Trading Down 2.2%

Shares of TPG RE Finance Trust stock opened at $8.32 on Tuesday. TPG RE Finance Trust has a 52-week low of $7.57 and a 52-week high of $9.85. 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 company’s 50-day simple moving average is $8.23 and its 200-day simple moving average is $8.59. The firm has a market cap of $642.83 million, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. The business had revenue of $37.31 million for the quarter, compared to analyst estimates 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 research analysts anticipate that TPG RE Finance Trust will post 0.94 earnings per share for the current year.

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.