TPG RE Finance Trust, Inc. (TRTX) to Distribute Quarterly Dividend of $0.24 on October 24th

TPG RE Finance Trust, Inc. (NYSE:TRTX) announced a quarterly dividend on Friday, September 12th, RTT News reports. Stockholders of record on Friday, September 26th will be given a dividend of 0.24 per share on Friday, October 24th. This represents a c) annualized dividend and a dividend yield of 10.2%.

TPG RE Finance Trust has a dividend payout ratio of 87.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

TPG RE Finance Trust Trading Up 0.1%

NYSE:TRTX opened at $9.44 on Friday. The company has a 50-day moving average price of $8.83 and a 200-day moving average price of $8.18. TPG RE Finance Trust has a 12 month low of $6.47 and a 12 month high of $9.85. The company has a current ratio of 193.29, a quick ratio of 193.29 and a debt-to-equity ratio of 2.75. The stock has a market cap of $741.51 million, a price-to-earnings ratio of 14.52, a P/E/G ratio of 2.54 and a beta of 1.68.

TPG RE Finance Trust announced that its board has approved a stock buyback program on Thursday, September 4th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the company to purchase up to 3.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

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.