TPG RE Finance Trust, Inc. (TRTX) to Issue Quarterly Dividend of $0.24 on January 23rd

TPG RE Finance Trust, Inc. (NYSE:TRTX) declared a quarterly dividend on Friday, December 12th. Stockholders of record on Friday, December 26th will be given a dividend of 0.24 per share on Friday, January 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date is Friday, December 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 decline.

TPG RE Finance Trust Trading Up 0.1%

Shares of NYSE:TRTX traded up $0.01 during midday trading on Wednesday, hitting $9.07. The company had a trading volume of 51,399 shares, compared to its average volume of 655,994. The company has a current ratio of 166.64, a quick ratio of 166.64 and a debt-to-equity ratio of 2.61. TPG RE Finance Trust has a 12 month low of $6.47 and a 12 month high of $9.85. The firm has a fifty day simple moving average of $8.94 and a 200 day simple moving average of $8.75. The stock has a market cap of $709.43 million, a price-to-earnings ratio of 13.98, a PEG ratio of 2.17 and a beta of 1.54.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings data on Monday, June 6th. The company reported $0.27 EPS for the quarter. TPG RE Finance Trust had a return on equity of 6.37% and a net margin of 20.46%.The business had revenue of $40.06 million during the quarter. On average, analysts predict that TPG RE Finance Trust will post 0.99 EPS for the current year.

TPG RE Finance Trust announced that its Board of Directors has approved a share repurchase plan on Thursday, September 4th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the company to purchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

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.