TPG RE Finance Trust (NYSE:TRTX) Issues Earnings Results

TPG RE Finance Trust (NYSE:TRTX) released its quarterly earnings results on Tuesday. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03), FiscalAI reports. The company had revenue of $34.01 million for the quarter, compared to analyst estimates of $37.30 million. TPG RE Finance Trust had a net margin of 19.38% and a return on equity of 6.91%.

TPG RE Finance Trust Stock Performance

TPG RE Finance Trust stock traded down $0.03 during trading on Tuesday, hitting $8.54. The stock had a trading volume of 534,943 shares, compared to its average volume of 695,704. The stock’s 50 day moving average is $8.48 and its two-hundred day moving average is $8.48. TPG RE Finance Trust has a 1 year low of $7.57 and a 1 year high of $9.85. The stock has a market cap of $659.82 million, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.76 and a beta of 1.40. The company has a quick ratio of 201.40, a current ratio of 201.40 and a debt-to-equity ratio of 3.11.

TPG RE Finance Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, June 26th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, June 26th. This represents a $0.96 annualized dividend and a dividend yield of 11.2%. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 152.38%.

Analyst Ratings Changes

Several brokerages recently issued reports on TRTX. Citigroup reaffirmed a “market outperform” rating on shares of TPG RE Finance Trust in a research report on Tuesday, June 9th. JPMorgan Chase & Co. increased their target price on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Zacks Research upgraded shares of TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of TPG RE Finance Trust in a research report on Friday, May 22nd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, TPG RE Finance Trust currently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Institutional Investors Weigh In On TPG RE Finance Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRTX. AQR Capital Management LLC bought a new stake in shares of TPG RE Finance Trust during the 1st quarter valued at $127,000. Goldman Sachs Group Inc. boosted its position in shares of TPG RE Finance Trust by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 3,930,865 shares of the company’s stock valued at $32,037,000 after acquiring an additional 192,126 shares during the period. Strs Ohio purchased a new position in TPG RE Finance Trust during the first quarter valued at approximately $87,000. Rhumbline Advisers increased its holdings in TPG RE Finance Trust by 27.3% during the 2nd quarter. Rhumbline Advisers now owns 115,146 shares of the company’s stock worth $889,000 after acquiring an additional 24,691 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in TPG RE Finance Trust by 11.9% in the 2nd quarter. Hsbc Holdings PLC now owns 40,674 shares of the company’s stock worth $312,000 after purchasing an additional 4,333 shares in the last quarter. 57.12% of the stock is currently owned by institutional investors.

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.