TPG RE Finance Trust, Inc. (NYSE:TRTX) Declares $0.24 Quarterly Dividend

TPG RE Finance Trust, Inc. (NYSE:TRTX) declared a quarterly dividend on Friday, December 12th. Stockholders of record on Friday, December 26th will be paid a dividend of 0.24 per share on Friday, January 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date of this dividend is Friday, December 26th.

TPG RE Finance Trust has decreased its dividend by an average of 0.1%per year over the last three years. 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 tumble.

TPG RE Finance Trust Stock Down 1.5%

TRTX stock opened at $9.08 on Wednesday. The company has a market cap of $710.21 million, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 2.17 and a beta of 1.54. The company has a fifty day moving average price of $8.94 and a 200 day moving average price of $8.75. The company has a debt-to-equity ratio of 2.61, a current ratio of 166.64 and a quick ratio of 166.64. TPG RE Finance Trust has a 12 month low of $6.47 and a 12 month high of $9.85.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings data on Monday, June 6th. The company reported $0.27 earnings per share (EPS) for the quarter. The company had revenue of $40.06 million for the quarter. TPG RE Finance Trust had a net margin of 20.46% and a return on equity of 6.37%. Sell-side analysts expect that TPG RE Finance Trust will post 0.99 earnings per share for the current year.

Institutional Trading of TPG RE Finance Trust

A number of institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in shares of TPG RE Finance Trust by 7.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,639,667 shares of the company’s stock worth $12,660,000 after purchasing an additional 115,707 shares in the last quarter. Condor Capital Management lifted its stake in shares of TPG RE Finance Trust by 33.7% in the second quarter. Condor Capital Management now owns 620,539 shares of the company’s stock valued at $4,791,000 after purchasing an additional 156,309 shares during the period. Vanguard Group Inc. boosted its holdings in TPG RE Finance Trust by 1.7% during the first quarter. Vanguard Group Inc. now owns 5,025,832 shares of the company’s stock worth $40,961,000 after buying an additional 86,212 shares in the last quarter. Bracebridge Capital LLC purchased a new stake in TPG RE Finance Trust during the first quarter worth about $1,166,000. Finally, Nuveen LLC acquired a new position in TPG RE Finance Trust during the first quarter worth about $1,321,000. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.