TPG RE Finance Trust (NYSE:TRTX) Shares Gap Down Following Weak Earnings

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report)'s stock price gapped down before the market opened on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $8.71, but opened at $8.35. TPG RE Finance Trust shares last traded at $8.13, with a volume of 310,419 shares.

The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.18). The company had revenue of $34.74 million during the quarter, compared to analyst estimates of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%.

TPG RE Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, December 27th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.96 annualized dividend and a dividend yield of 11.56%. TPG RE Finance Trust's dividend payout ratio is currently 128.00%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their price objective on shares of TPG RE Finance Trust from $9.50 to $8.50 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $8.92.

Institutional Trading of TPG RE Finance Trust

A number of institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp grew its stake in TPG RE Finance Trust by 299.0% during the fourth quarter. Mackenzie Financial Corp now owns 59,011 shares of the company's stock worth $502,000 after buying an additional 44,222 shares during the period. Alpine Global Management LLC acquired a new stake in TPG RE Finance Trust in the 4th quarter valued at $317,000. PharVision Advisers LLC purchased a new position in TPG RE Finance Trust in the fourth quarter valued at about $460,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of TPG RE Finance Trust by 23.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,214 shares of the company's stock worth $1,642,000 after purchasing an additional 37,282 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of TPG RE Finance Trust in the fourth quarter worth about $203,000. Hedge funds and other institutional investors own 57.12% of the company's stock.

TPG RE Finance Trust Trading Down 0.8 %

The firm 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 quick ratio of 152.83, a current ratio of 156.81 and a debt-to-equity ratio of 2.14. The business has a 50 day moving average price of $8.52 and a 200-day moving average price of $8.65.

About TPG RE Finance Trust

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.