TPG RE Finance Trust, Inc. (NYSE:TRTX) Announces Quarterly Dividend of $0.24

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) declared a quarterly dividend on Tuesday, December 17th,Wall Street Journal reports. Investors of record on Friday, December 27th will be given a dividend of 0.24 per share on Friday, January 24th. This represents a $0.96 annualized dividend and a yield of 10.85%. The ex-dividend date is Friday, December 27th.

TPG RE Finance Trust has decreased its dividend payment by an average of 13.0% per year over the last three years. 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 tumble. Equities analysts expect TPG RE Finance Trust to earn $1.05 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 91.4%.

TPG RE Finance Trust Stock Performance

TRTX stock traded down $0.21 during trading on Tuesday, reaching $8.85. 700,120 shares of the stock were exchanged, compared to its average volume of 610,604. The stock has a 50 day simple moving average of $8.79 and a 200-day simple moving average of $8.73. The company has a current ratio of 152.83, a quick ratio of 152.83 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $715.81 million, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 0.25 and a beta of 2.17. TPG RE Finance Trust has a twelve month low of $5.12 and a twelve month high of $9.66.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. JPMorgan Chase & Co. raised TPG RE Finance Trust from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $9.00 to $9.50 in a research report on Thursday, October 17th. JMP Securities upped their price target on TPG RE Finance Trust from $9.50 to $10.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $9.08.

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.