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

TPG RE Finance Trust, Inc. (NYSE:TRTX) declared a quarterly dividend on Thursday, September 17th. Investors of record on Monday, September 28th will be paid a dividend of 0.24 per share on Friday, October 23rd. This represents a c) dividend on an annualized basis and a yield of 13.1%. The ex-dividend date of this dividend is Monday, September 28th.

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 decline. Equities analysts expect TPG RE Finance Trust to earn $1.02 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 94.1%.

TPG RE Finance Trust Trading Down 0.2%

NYSE TRTX opened at $7.30 on Friday. TPG RE Finance Trust has a 52 week low of $7.28 and a 52 week high of $9.41. The firm has a 50 day moving average of $8.02 and a two-hundred day moving average of $8.19. The company has a quick ratio of 200.26, a current ratio of 200.26 and a debt-to-equity ratio of 3.30. The stock has a market capitalization of $560.80 million, a PE ratio of 13.53, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.03). The firm had revenue of $34.01 million for the quarter, compared to analysts’ expectations of $37.30 million. TPG RE Finance Trust had a return on equity of 6.85% and a net margin of 17.03%. As a group, research analysts expect that TPG RE Finance Trust will post 0.92 EPS for the current fiscal year.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc is a real estate investment trust that originates, acquires and manages commercial real estate loans. The company primarily focuses on senior mortgage loans secured by institutional-quality properties in major U.S. markets.

Its portfolio may include loans backed by a range of commercial property types, such as multifamily, office, hospitality, industrial, retail and other commercial assets. TPG RE Finance Trust generally seeks to provide financing to owners and operators of income-producing real estate while managing credit, interest-rate and other investment risks.

The company was established in 2014 and is externally managed by TPG RE Finance Trust Management, LLC, an affiliate of global alternative asset manager TPG Inc Through its relationship with TPG, the company benefits from access to real estate investment and lending expertise.