Wall Street brokerages predict that TPG RE Finance Trust Inc (NYSE:TRTX) will post $41.51 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for TPG RE Finance Trust’s earnings, with the lowest sales estimate coming in at $41.02 million and the highest estimate coming in at $42.00 million. TPG RE Finance Trust posted sales of $35.51 million in the same quarter last year, which would indicate a positive year over year growth rate of 16.9%. The business is expected to announce its next quarterly earnings report on Monday, November 4th.
According to Zacks, analysts expect that TPG RE Finance Trust will report full year sales of $162.61 million for the current year, with estimates ranging from $160.63 million to $164.20 million. For the next fiscal year, analysts expect that the company will report sales of $172.06 million, with estimates ranging from $165.59 million to $178.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow TPG RE Finance Trust.
TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings results on Monday, July 29th. The company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. The firm had revenue of $42.24 million for the quarter, compared to analyst estimates of $41.19 million. TPG RE Finance Trust had a return on equity of 8.38% and a net margin of 37.63%. During the same period in the previous year, the company posted $0.44 EPS.
Hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its position in TPG RE Finance Trust by 6,324.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,863 shares of the company’s stock worth $37,000 after acquiring an additional 1,834 shares during the period. Parallel Advisors LLC boosted its position in TPG RE Finance Trust by 977.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,822 shares of the company’s stock worth $54,000 after acquiring an additional 2,560 shares during the period. Catalyst Capital Advisors LLC acquired a new position in TPG RE Finance Trust during the 1st quarter worth $59,000. Nisa Investment Advisors LLC boosted its position in TPG RE Finance Trust by 1,028.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,385 shares of the company’s stock worth $66,000 after acquiring an additional 3,085 shares during the period. Finally, Quantamental Technologies LLC boosted its position in TPG RE Finance Trust by 850.0% during the 2nd quarter. Quantamental Technologies LLC now owns 3,800 shares of the company’s stock worth $73,000 after acquiring an additional 3,400 shares during the period. Institutional investors own 59.51% of the company’s stock.
TRTX stock traded up $0.02 during midday trading on Friday, hitting $19.38. 389,987 shares of the company’s stock were exchanged, compared to its average volume of 284,584. The company has a current ratio of 41.04, a quick ratio of 41.04 and a debt-to-equity ratio of 2.86. TPG RE Finance Trust has a 12-month low of $17.81 and a 12-month high of $20.74. The firm has a 50 day moving average price of $19.59 and a 200-day moving average price of $19.70. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 2.27 and a beta of 0.33.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Friday, June 28th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.72 dividend on an annualized basis and a yield of 8.88%. TPG RE Finance Trust’s dividend payout ratio is currently 101.18%.
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 North America. It invests in commercial mortgage loans; and subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments secured by properties primarily in the office, mixed use, multifamily, industrial, retail, and hospitality real estate sectors.
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