TPG RE Finance Trust (TRTX) Set to Announce Earnings on Tuesday

TPG RE Finance Trust (NYSE:TRTX) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect TPG RE Finance Trust to post earnings of $0.17 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

TPG RE Finance Trust Stock Performance

TPG RE Finance Trust stock opened at $7.55 on Friday. The company has a market cap of $587.92 million, a PE ratio of -4.47 and a beta of 2.10. The company has a fifty day moving average price of $7.42 and a two-hundred day moving average price of $6.53. The company has a debt-to-equity ratio of 2.46, a current ratio of 158.41 and a quick ratio of 158.41. TPG RE Finance Trust has a 12 month low of $4.64 and a 12 month high of $8.12.

TPG RE Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, March 28th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 12.72%. The ex-dividend date of this dividend was Wednesday, March 27th. TPG RE Finance Trust’s payout ratio is -56.80%.

Analysts Set New Price Targets

A number of research firms have issued reports on TRTX. Wells Fargo & Company raised their target price on TPG RE Finance Trust from $6.00 to $7.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. JPMorgan Chase & Co. raised their target price on TPG RE Finance Trust from $7.00 to $7.50 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Raymond James cut shares of TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 price objective on the stock. in a research note on Friday, April 12th. Finally, Bank of America restated an “underperform” rating and set a $6.50 price objective on shares of TPG RE Finance Trust in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, TPG RE Finance Trust currently has an average rating of “Hold” and a consensus target price of $7.70.

TPG RE Finance Trust Company Profile

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.