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

TPG RE Finance Trust, Inc. (NYSE:TRTX) announced a quarterly dividend on Friday, June 12th. Investors of record on Friday, June 26th will be paid a dividend of 0.24 per share on Friday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date is Friday, June 26th.

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% meaning 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 Up 0.9%

Shares of TPG RE Finance Trust stock opened at $8.62 on Wednesday. The company has a debt-to-equity ratio of 3.11, a current ratio of 201.40 and a quick ratio of 201.40. TPG RE Finance Trust has a 1 year low of $7.57 and a 1 year high of $9.85. The firm’s 50-day moving average is $8.40 and its two-hundred day moving average is $8.56. The stock has a market cap of $666.41 million, a price-to-earnings ratio of 13.68, a PEG ratio of 1.74 and a beta of 1.41.

TPG RE Finance Trust (NYSE:TRTX) last posted its earnings results on Tuesday, April 28th. The company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. TPG RE Finance Trust had a net margin of 19.38% and a return on equity of 6.91%. The business had revenue of $37.31 million for the quarter, compared to the consensus estimate of $37.15 million. As a group, research analysts expect that TPG RE Finance Trust will post 0.93 earnings per share for the current fiscal year.

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.