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

TPG RE Finance Trust, Inc. (NYSE:TRTX) announced a quarterly dividend on Friday, March 13th. Investors of record on Friday, March 27th will be given a dividend of 0.24 per share on Friday, April 24th. This represents a c) annualized dividend and a dividend yield of 12.1%. The ex-dividend date of this dividend is Friday, March 27th.

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 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 decline.

TPG RE Finance Trust Stock Performance

Shares of NYSE:TRTX opened at $7.92 on Wednesday. TPG RE Finance Trust has a 1 year low of $6.47 and a 1 year high of $9.85. The stock has a market capitalization of $620.14 million, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 1.39 and a beta of 1.53. The company has a debt-to-equity ratio of 3.02, a current ratio of 183.34 and a quick ratio of 183.34. The company’s 50 day simple moving average is $8.65 and its 200 day simple moving average is $8.84.

TPG RE Finance Trust (NYSE:TRTX) last released its earnings results on Tuesday, February 17th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03). The business had revenue of $35.04 million for the quarter, compared to the consensus estimate of $27.15 million. TPG RE Finance Trust had a return on equity of 6.84% and a net margin of 18.14%. As a group, research analysts predict that TPG RE Finance Trust will post 0.99 EPS 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.