TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) announced a quarterly dividend on Friday, March 14th, RTT News reports. Stockholders of record on Friday, March 28th will be given a dividend of 0.24 per share on Friday, April 25th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.23%. The ex-dividend date is Friday, March 28th.
TPG RE Finance Trust has raised its dividend payment by an average of 1.5% annually over the last three years. TPG RE Finance Trust has a payout ratio of 88.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble.
TPG RE Finance Trust Stock Down 0.3 %
Shares of TRTX stock traded down $0.03 during mid-day trading on Tuesday, reaching $8.55. 661,550 shares of the company were exchanged, compared to its average volume of 580,554. TPG RE Finance Trust has a fifty-two week low of $6.99 and a fifty-two week high of $9.66. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81. The company has a market capitalization of $692.18 million, a P/E ratio of 11.39, a P/E/G ratio of 0.25 and a beta of 2.23. The business's 50 day simple moving average is $8.48 and its 200 day simple moving average is $8.64.
TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.18). TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. The company had revenue of $34.74 million for the quarter, compared to analyst estimates of $27.98 million. Research analysts predict that TPG RE Finance Trust will post 0.99 earnings per share for the current year.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. reduced their price objective on TPG RE Finance Trust from $9.50 to $8.50 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $9.40.
Check Out Our Latest Analysis on TPG RE Finance Trust
About TPG RE Finance Trust
(
Get Free Report)
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.
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