TPG RE Finance Trust, Inc. (NYSE:TRTX) Announces Quarterly Dividend of $0.39

TPG RE Finance Trust, Inc. (NYSE:TRTX) announced a quarterly dividend on Monday, June 8th. Stockholders of record on Thursday, June 18th will be given a dividend of 0.3906 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 18.8%. The ex-dividend date of this dividend is Thursday, June 18th. This is a 62.8% increase from TPG RE Finance Trust’s previous quarterly dividend of $0.24.

TPG RE Finance Trust has decreased its dividend payment by an average of 0.1%per year over the last three years. TPG RE Finance Trust has a payout ratio of 87.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect TPG RE Finance Trust to earn $1.03 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 93.2%.

TPG RE Finance Trust Stock Performance

TPG RE Finance Trust stock opened at $8.32 on Tuesday. The company has a 50 day moving average price of $8.23 and a 200-day moving average price of $8.59. The company has a debt-to-equity ratio of 3.11, a quick ratio of 201.40 and a current ratio of 201.40. TPG RE Finance Trust has a fifty-two week low of $7.57 and a fifty-two week high of $9.85. The company has a market capitalization of $642.83 million, a PE ratio of 13.20, a P/E/G ratio of 1.71 and a beta of 1.42.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. TPG RE Finance Trust had a net margin of 19.38% and a return on equity of 6.91%. The firm had revenue of $37.31 million during the quarter, compared to the consensus estimate of $37.15 million. As a group, equities analysts forecast that TPG RE Finance Trust will post 0.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TRTX. Zacks Research raised shares of TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings reissued a “hold (c)” rating on shares of TPG RE Finance Trust in a research note on Friday, May 22nd. JPMorgan Chase & Co. reduced their price objective on shares of TPG RE Finance Trust from $10.50 to $9.50 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Citigroup reissued a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Tuesday. Finally, Wells Fargo & Company reduced their price objective on shares of TPG RE Finance Trust from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $9.83.

TPG RE Finance Trust Company Profile

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.