TPG RE Finance Trust (NYSE:TRTX - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.18), Zacks reports. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. The firm had revenue of $34.74 million during the quarter, compared to the consensus estimate of $27.98 million.
TPG RE Finance Trust Stock Down 0.8 %
Shares of TRTX stock traded down $0.07 during trading hours on Friday, reaching $8.31. The company had a trading volume of 696,222 shares, compared to its average volume of 499,577. The company has a market cap of $672.71 million, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 0.25 and a beta of 2.16. The company has a debt-to-equity ratio of 2.14, a current ratio of 156.81 and a quick ratio of 152.83. TPG RE Finance Trust has a 12 month low of $6.47 and a 12 month high of $9.66. The business has a fifty day simple moving average of $8.52 and a 200-day simple moving average of $8.65.
TPG RE Finance Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, December 27th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 11.56%. The ex-dividend date was Friday, December 27th. TPG RE Finance Trust's dividend payout ratio is currently 128.00%.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. lowered their target price on TPG RE Finance Trust from $9.50 to $8.50 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat.com, TPG RE Finance Trust presently has an average rating of "Moderate Buy" and a consensus price target of $8.92.
Check Out Our Latest Stock 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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