TPG RE Finance Trust (NYSE:TRTX - Get Free Report) is anticipated to announce its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $27.98 million for the quarter. Investors interested in participating in the company's conference call can do so using this link.
TPG RE Finance Trust Trading Up 1.0 %
Shares of TRTX traded up $0.09 during midday trading on Friday, hitting $8.69. The stock had a trading volume of 385,343 shares, compared to its average volume of 439,441. TPG RE Finance Trust has a 1 year low of $5.37 and a 1 year high of $9.66. The firm has a market cap of $702.88 million, a PE ratio of 12.59, a price-to-earnings-growth ratio of 0.27 and a beta of 2.16. The company has a debt-to-equity ratio of 2.03, a current ratio of 152.83 and a quick ratio of 152.83. The stock's 50 day moving average is $8.58 and its 200 day moving average is $8.65.
TPG RE Finance Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, December 27th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 11.05%. The ex-dividend date was Friday, December 27th. TPG RE Finance Trust's dividend payout ratio is currently 139.13%.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. reduced their target price on shares of 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. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat.com, TPG RE Finance Trust currently has an average rating of "Moderate Buy" and an average price target of $8.92.
Get Our Latest Stock Analysis on TRTX
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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